The study investigates the relationship between oil price, trade openness, current account balances and official exchange rate in Nigeria using secondary data from 1980 through 2016. The non﹍inear auto‐regressive distributed lag (NARDL) was used to analyse the short‐run and long‐run link ...
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Naira Dollar exchange rates, Daily Parallel Black Market & CBN Official rates currency conversion, Bitcoin Daily updated naira dollar exchange rates, euro and pounds. Currency conversion rates, parallel market and black market. Forex in Nigeria. CBN inte
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LAGOS, June 21 (Xinhua) -- Nigeria plans to clear all existing backlog of Foreign Exchange demand in the country as its flexible foreign exchange policy takes off, a top official said Tuesday. Spokesperson for the Central Bank of Nigeria (CBN) Isaac Okorafor, told reporters in Abuja that th...
A total of 37 African countries have been identified as the sources of imported cases, with most cases acquired in Ghana (9.9%), Equatorial Guinea (9.6%) and Nigeria (8.1%) [6–8]. Malaria has become the most important health issue for many international companies and the main factor ...
Nigeria’s inflation rate rose further to 14.23 per cent in October, due to the spike in the prices of basic food items in recent times. “This rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, Yam and other tubers, Meat, Fish, Fruits, Oils and...
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In this market the exchange rate is determined by demand and supply and is usually higher than the official rate (although there are cases of a lower parallel rate). Certainly, the size of this market varies from country to country and depends on the type of exchange and trade restrictions ...