Why Inflation, Exchange Rates Move In Opposite Directions
Related Articles
-
CBN slashes BDC exchange rate to N1, 036.3/$
The Central Bank of Nigeria, CBN, yesterday for the second time in two months, slashed the exchange rate in the Bureaux De Change, BDC, segment of the forex market by 7.2 per cent or N81.2 to N1,036.3 per dollar even as it commenced another round of dollar sale to 1,583 eligible BDCs.
-
Volatile exchange rate for Customs duty hurting economy — Muda Yusuf
The Centre for the Promotion of Private Enterprise (CPPE) has appealed to the Central Bank of Nigeria (CBN) to adopt a quarterly customs duty exchange rate to check high volatility in cargo clearing costs occasioned by the recent frequent changes in the rate.
-
Exchange rate: Why prices of goods will remain high, despite Naira appreciation
There are indications that prices of goods and services may not come down soon despite the speedy appreciation of Naira against major foreign currencies in recent weeks.