CBN’ll devalue naira in 18 months

The Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the Nigeria-based Financial Derivatives Company Limited has indicated. The Managing Director, FDC, Mr. Bismarck Rewane, in the latest edition of its bi-monthly Business and Economic Update, noted that the n... [More]

Oteh urges regulators to tackle liquidity challenges

The Chairperson, Africa Middle East Regional Committee, International Organisation of Securities Commission, Ms. Arunma Oteh, has called on regulators under AMERC to work towards overcoming emerging challenges. [More]

Naira To Face More Pressure As Reserves Deplete Further

With the naira already selling at N164 at the interbank market, there are expectations that it would  continue to be under pressure in the course of the year even as the foreign external reserves continue to deplete. The Central Bank of Nigeria (CBN) uses the reserves to support the local curre... [More]