Nigeria’s aspiration of harmonising its various exchange rates has been brightened by the recent modification of the Central Bank of Nigeria (CBN)’s spot exchange rate, data...
Naira weakened against the United States dollar across foreign exchange market segments on Tuesday as Nigeria confronts an enduring liquidity crunch that had seen its foreign...
Naira appreciated against the United States dollar on Monday on the over-the-counter spot market used by investors and exporters as well as at the black market...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Naira inched higher against the United States dollar on Thursday at the over-the-counter spot market widely used by investors, closing at N388, 0.07% or 17 kobo...
The rate of exchange of naira to the United States dollar remained immobile for three days in a row Wednesday at the black market, data from abokiFX.com showed,...
Naira hovered at the rate of 472 to the United States dollar on the parallel market on Tuesday, the same rate it sold for the session...
It is probable that the naira will stay under sustained pressure from the United States dollar on the parallel market in the week ahead as demand...
The exchange rate of naira closed at N470 to the United States’ dollar at the unofficial parallel market on Wednesday, signalling a 1.1% markdown from that...
The rates of exchange of the naira to the United States dollar remained unchanged across various segments of the foreign exchange markets on Tuesday in spite...
Naira strengthened marginally against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, closing at N386 to...
Naira weakened against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, falling to N386.50 a dollar....
Nigeria’s currency, the Naira advanced against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Wednesday, rising to...
Naira made a rally against the U.S. dollar at the parallel market segment of the foreign exchange (forex) market on Tuesday. Market data obtained from exchange...
Naira weakened against the U.S. dollar on Monday at the Investors and Exporters (I&E) window of the foreign exchange (forex) market, crumbling to N387.33 at the...
Nigeria’s currency, the Naira advanced 2.2% against the American dollar on Monday at the black market segment of the currency market, exchanging at N440 for the...
Naira traded at N460 to the U.S. dollar on the parallel market Thursday, having stayed at the same rate of exchange for two days without budging,...
Traders in the black market segment of the Nigerian foreign exchange (forex) market are battling the most severe crunch so far this year as the recovery...
The Naira may continue losing value at the parallel market segment of the currency market as demand for dollar intensifies from accumulation of past foreign exchange...
The Naira strengthened against the U.S. dollar at the Investors and Exporters window on Monday, appreciating by 31 kobo over the rate at which it traded...
The Naira shed value against the dollar at the parallel market on Friday, going down by 1.83% after trading without budging at the last two previous...
The U.S. dollar sold for N450 at the parallel market last Friday, having depreciated by 4.6% or N20 compared to the value at which it closed...
The Naira exchanged for N412 per dollar on Monday at the Bureau De Change (BDC), shedding N10 in one day after selling for N402 last Friday. The...
The exchange rates of the US Dollar hovered between N365 and N369 at the Bureau de Change segment of the market on Tuesday. Owing to the...
The Naira slumped in value against the dollar on Thursday, exchanging for between N405 and N420 at Bureaux De Change (BDC) in the country. The persistent...
The Central Bank of Nigeria’s (CBN’s) fourth quarter economic report has revealed that about $39.9 billion was injected into the foreign exchange market to defend the...
The Naira made a modest gain of 50 kobo against the US dollar to close at N360 on Monday. The British Pound Sterling sold at N472...
Although it pegged the exchange rate at N305 to $1, the Senate, on Thursday instructed the Federal Government to peg the exchange rate to Nigerians embarking...
Pressure on commercial banks in Nigeria to meet obligations on foreign exchange purchase on Friday raised the interbank lending rate by 20 per cent, hitting 70...
The recent move of the Central Bank of Nigeria (CBN) to frequently pump in foreign exchange into the Nigerian market seems to be paying off even...
For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos...
In its bid to ensure that dollar currency is made available to vital sectors of the economy, the Central Bank of Nigeria (CBN) has concluded plans...
In desperation to fight scarcity of dollars, Nigerian banks have placed indefinite suspension on depositors’ use of automated teller machine (ATM) card and online services in...
The Central Bank of Nigeria (CBN) has thrown more light on why it suspended 19 banks from selling dollar realised from international money transfer services to Bureau De Change in Nigeria. Proceeds from cash transfer through licensed international agencies, like Western Union, Money Gram,...
In its desperation to get a willing buyer of its crude oil and gas, Nigeria has concluded arrangement to turn to China following reports that the...
Nigeria has concluded plans to raise a total of N129.67 billion in treasury bills next week, even as its foreign reserves recorded its worst slip in September 2016, according to the Central Bank of Nigeria (CBN’s) data,released at the weekend. The apex...
Nigerians hoping to build houses in the near future and those in the construction industry have to now reconsider their plans in terms of cost. This...
For the third consecutive weekends, Nigeria’s overnight interbank lending rate has maintained a steady rise, hitting above two-digit percentage rise. The rate in the months of...
The slide of the value of naira has started impacting negatively on Nigeria’s foreign exchange reserve (FER), which has suffered a 15 per cent drop in...
The recent directive by the Central Bank of Nigeria (CBN) limiting the number of international money transfer operators (IMTOs) from 15 to five has continued to...
Foreign airlines in Nigeria have expressed concern over the persistent scarcity of dollars and fall of the naira value, both of which have started having a...
The presidency has reacted to criticisms trailing the directive made by the Central Bank of Nigeria (CBN) to banks to sell dollar to intending hajj pilgrims...
The Nigerian currency, the naira, collapsed to an all-time low, exchanging for 400 per dollar at the parallel market on Friday. No official reason was adduced...
Apparently disturbed by the continuous slide of the naira, the Central Bank of Nigeria on Friday rose to the challenge by injecting $5 million to the...
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency will soon regain some lost grounds against major currencies. Last year alone, Nigerians abroad sent $31.5 billion home and have...
The Nigerian currency, naira, fell N351 to the United States dollar at the parallel market and slightly to 282 at the new interbank market on Monday....
The Naira strengthened against the dollar to close at 281.50 to the dollar on Wednesday, its first daily gain since the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) has set the stage for the devaluation of the naira, as it said on Wednesday that it will allow the...
In retrospect, President Muhammadu Buhari’s recent visit to China may have yielded some fruits. Besides signing a $6 billion deal to fund joint infrastructure projects, the...
The Federal Government has denied that President Muhammadu Buhari signed a currency swap deal with the Chinese government during his recent trip to China. This was...
