From the Street
Science & Tech
Aberdeen's Athey Says U.S. Dollar Is Oversold
22 Aug 2017
James Athey, the senior investment manager at Aberdeen Asset Management, discusses his top calls for a volatile market.
Nigeria to refinance $3bn worth of T-bills with dollar debt
11 Aug 2017
In a bid to lower costs and improve Nigeria's debt position, the government announced plans to refinance 3 billion dollars’ worth of treasury bills denominated in local currency with dollar borrowing.
Naira gains in parallel market
5 Jun 2017
Nigeria's foreign exchange market has continued on a path of rates convergence as the naira is currently trading at around three-hundred and sixty-five to the dollar.
Nigeria central bank floods forex market with dollars
2 Jun 2017
Nigeria's Central Bank continues to flood the foreign exchange market with dollars. Yesterday the apex bank sold 483 million dollars to improve dollar liquidity.
Naira firms up against dollar at parallel market
21 Apr 2017
The naira firmed 2.6 percent on the parallel market to 385 to the U.S dollar on Thursday, as the Central Bank of Nigeria increased dollar supply to a bureau de change operators.
Naira weakens despite CBNs moves
6 Apr 2017
Despite the moves by the Central Bank of Nigeria to improve dollar liquidity, the naira weakened against the dollar at the parallel market on Wednesday to about 398 naira to the dollar.
CBN to sell dollars to fuel importers, airlines
5 Apr 2017
The Central Bank of Nigeria plans to offer dollar forwards to be delivered within two months, in a bid to offset the backlog of matured forex obligations to fuel importers, manufacturers and airlines.
CBN to announce new rate for BDCs
3 Apr 2017
The Central Bank of Nigeria says it will announce a new rate for retail exchange bureaus today and start bi-weekly currency dollar sales to the BDCs this week.
CBN to sell dollars to consumers at N360
27 Mar 2017
The Central Bank of Nigeria says it will sell dollars to private individuals at 360 naira per dollar, as the naira continues to appreciate on the parallel market.
Naira extends gains on parallel market
21 Mar 2017
Nigeria's currency, the naira continues to strengthen in the parallel market trading at 445 to the dollar as the central bank continues its intervention in the official foreign exchange market.
Nigeria's aviation sector hits turbulence
8 Feb 2017
The aviation sector in Nigeria has been confronted with several challenges in the last two years. For a sector that is heavily dependent on foreign exchange, the scarcity of the dollar poses a huge challenge to airline operations.
Nigeria stock market lower as earnings trickle in
31 Jan 2017
The NSE All Share Index ended lower again today as results trickle in and the naira hit 500 to the dollar yesterday. Ibinabo Princewill, Senior Associate, Research, Planet Capital joins CNBC Africa to discuss this and review the trading day.