Tag: Naira
Lending rates remain at 11.5% — CBN
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has pegged its key lending rate to remain at 11.5 per cent.
This...
Naira slides to N555/$1 in parallel market
Nigeria’s local currency, naira, dropped at the parallel market on Monday as it crashed from 535 per dollar, recorded on Thursday, to 555 per...
Speculators record billions loss as naira appreciates
Grace Cofie
At the Investor and Exporter forex window, the naira appreciated by 0.8 per cent to close at N414.73 on Wednesday but the Central...
Naira soars at official market with $620 million external reserves increase...
On Tuesday, the exchange rate between the naira and the US dollar closed at N414.30/$1, at the Investors and Exporters window.
This represents a 0.02%...
Naira dips at official market to close at N414.3/$1
On Tuesday,the exchange rate between the naira and the US dollar closed at N414.3/$1, at the Investors and Exporters window, where forex is traded...
Naira crashes lower at official market, closes at N414.90/$1
Naira depreciated lower against the US dollar on Friday, to close at N414.90/$1.
This represents a 0.29% drop when compared to N413.68/$1 recorded on Thursday.
At...
Nigerians must accept e-naira as legal tender — CBN
The Central Bank of Nigeria has said the e-naira set to be launched on October 1 is a legal tender equal to the value...
Dollar soars to N575 two days after suspension of Aboki FX...
Barely two days after online platform, Aboki FX, stopped providing updates on the exchange rate, had the dollar risen to between N572 and N575...
Naira dips to N557/$1 at black market amidst increasing demand
The exchange rate at the parallel market depreciated again to another all-time low on Tuesday to close at N557/$1 compared to N550/$1 recorded in...
Naira dips further at parallel market to close at N532/$1
The naira on Wednesday dipped further against the dollar at the parallel market closing at N532/$1.
According to data obtained from abokiFX.com, this is when...