Tag: Naira
Naira rebounds as CBN sells forex to BDCs at N1,251/$1
As the naira gradually appreciates against the dollar after months of unprecendented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced ...Naira rebounds to N1,400/$ as speculators offload forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a ...Dollar supply rises to $11bn, naira closes 1,572/$
Forex turnover at the official foreign exchange market has increased to $11.43bn within over two months of trading following fresh reforms by ...Only foreign borrowing can save naira, clear CBN debts – EIU
International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support ...Naira falls to N1, 540/$ in parallel market
The Naira on Friday depreciated to N1,540 per dollar in the parallel market from N1,490 per dollar on Thursday. However, the naira ...FG seeks $10bn to stabilise exchange rate as naira tumbles
The Nigerian Federal Government is planning to raise $10bn to improve liquidity in the foreign exchange market. On Tuesday, the naira fell ...Naira falls to N1,640/$ in parallel market
The naira on Friday depreciated to N1,640 per dollar in the parallel market from N1,595 per dollar on Thursday. Similarly, the naira ...Naira gains at official market, weakens to N1500/$ at parallel market
The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499/ from an all-time low of N1,534/$ on the ...Nigeria should sell crude oil in Naira, join BRICS – Falana
As a way to strengthen the naira against the dollar, human rights lawyer, Femi Falana, has urged the Federal Government of Nigeria ...Naira drops to N1,534/$ at official market
Naira, on Monday, fell to N1,534/$1, a record low at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official foreign exchange ...