Samuel Nwite
AUTHOR: Samuel Nwite
CBN Initiates further Liberalization Measures: Removes Cap on IMTO Exchange Rates
In a bold shift towards a more liberalized foreign exchange regime in Nigeria, the Central Bank of Nigeria (CBN) has issued a circular, removing...
Potential Impacts of CBN’s New Measures to Curb Currency Speculation on the FX market
In a significant move to counteract suspected cases of excessive foreign currency speculation and hoarding by Nigerian banks, the Central Bank of Nigeria (CBN)...
Naira’s Fall to N1,482/$1 in NAFEM suggests A Move for Convergence by the CBN
In a surprising turn of events on Tuesday, the foreign exchange market experienced an unusual occurrence as the naira reached N1,482/$1 on the Nigerian...
As the naira hits N1,520/$1, Experts call for new approach
The Nigerian naira has continued on its downward spiral, depreciating further to N1,520.123 against the dollar in the parallel market on Wednesday, according to...
Hong Kong Court Orders Liquidation of Evergrande: A Blow to China’s Real Estate Market
A Hong Kong court on Monday delivered a decisive blow to China Evergrande Group, the embattled property giant, by ordering its liquidation. This decision...