aboki naira rate
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Business Naira Edges Towards 300/US$1 As CBN Moves To Close FX Gap
Nigerian naira on Thursday edged towards 300 per dollar at the black market as Central Bank of Nigeria, CBN, keeps pumping forex into official market to narrow the currency’s spread at the black market. The currency trades at 380 to 400 against the US dollar at the parallel market, gaining 2.5...- ProfRem
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Business How CBN Weakens Dollar, Pushes Naira To 7-Month High At 410/US$1
The Central Bank of Nigeria On Wednesday sold the dollar at a weaker rate, traders say, in an effort to boost liquidity on the official market and narrow the naira’s spread at the black market. The Central Bank has been intervening on the official market to try to narrow the currency spread...- ProfRem
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Business Naira Recovers, Gains 4.9% To 410/US$1 At Black Market
The Nigerian naira extended recovery at the parallel market by gaining 4.87 per cent to 411 against the United States dollar as Central Bank of Nigeria moves to close the gap between the various forex rates in the country. The currency also appreciated against the Pound and Euro at the market...- ProfRem
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Business Naira Falls By 0.44% To 457 Per Dollar At Parallel Market
Nigerian naira on Thursday depreciated by 0.44 per cent to close at 457 to a dollar at the parallel market. The currency also crashed against the British pound and Euro to 540 and 475. At the Bureau De Change window, the Naira was sold at N399 to a dollar, the Central Bank of...- ProfRem
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Business Naira Weakens 0.1% to 316.40/USD
The naira on Thursday weakened by 0.1 per cent to 316.40 against the US dollar at the inter-bank market, a month after the Central Bank of Nigeria decided to remove peg on the country currency. Meanwhile, at the parallel market the currency crashed to N390 per dollar from it previous trading...- ProfRem
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