Tag: Dollar
Naira exchanged at N409.8 to the USD as oil price crashes...
On Tuesday, the naira and the US Dollar exchanged at N409.8/$1 at the I&E window with oil crashing to $60 per barrel.
This represents a...
ABCON endorses ‘Naira 4 Dollar Scheme’ as useful for stability of...
The recently introduced 'Naira 4 Dollar Scheme' has been endorsed by the Association of Bureau De Change Operators of Nigeria (ABCON).
The group said it...
Naira adjusted to N410 to a dollar at official market, says...
The naira has dropped at the official market to N410/$1, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has confirmed.
The disclosure...
Naira maintains N409 exchange rate to $1 for second day
By Francis Ogwo
The naira after dropping to N409.67 on exchange to the dollar has remained stable closing at N409.67/$1 at the NAFEX (I&E Window).
The...
Naira plunges deeper to N409 to $1
By Francis Ogwo
The naira depreciated further to the dollar closing at N409.67/$1 at the NAFEX (I&E Window) on Monday even as the dollar supply...
Naira exchanges at N400 to the dollar for second day
By Francis Ogwo
The exchange rate between the Naira and the US Dollar closed at N400 to the dollar at the Investors and Exporters window...
Naira plunges amid drop in external reserves to $36.12bn
By Francis Ogwo
The naira dropped last week due to high dollar demand as it depreciated in both the parallel market and the Investors and...
Prices of gold crash with rise in dollar
By Francis Ogwo
The prices of gold traded at $1,826/ounce which was about 0.50% loss in value. This is coming as global investors weighed the...
Naira to exchange at N412/$1 as CBN agrees on pegging of...
By Francis Ogwo
The one year Non-Deliverable Forwards (NDF) of the Central Bank of Nigeria has been revised for which it plans to settle foreign...
Naira drops to N480/$1 at black market as CBN says impact...
By Francis Ogwo
The exchange rate at the black market depreciated at N480/$1 on Monday while the exchange rate at the parallel market closed at...