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Naira In Stability Contest Against Dollar

The Naira on Wednesday struggled to maintain stability against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports.

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Economists Warn Of Depression, Urge CBN To Review Forex Policy

The Nigerian Economists Society, NES, yesterday stated that the flexible foreign exchange, forex, regime of the Central Bank of Nigeria, CBN, cannot survive in a non-productive economy, warning that the country may slide into depression. 

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Nigeria Inflation Hits 16.5% In June, Highest In Over 10 Years

Nigeria’s inflation rate has increased to 16.5 percent from 15.6 in May. 

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More Trouble For Banks As CBN Says Two Others Have Failed Liquidity Tests

Less than one week after the Central Bank of Nigeria (CBN) took over management of Skye Bank, the apex bank has disclosed that “one or two others” were in distress.

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