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![Today's Naira Rate[08-08-2024]: Naira Hits N1593.62 per Dollar in Official Market Following CBN Auction](/data/attachments/207/207015-affd57b9486c10fafb7fff73c5d55218.jpg?hash=r_1XuUhsEP)
Nigeria Today's Naira Rate[08-08-2024]: Naira Hits N1593.62 per Dollar in Official Market Following CBN Auction
The naira appreciated against the dollar at the official foreign exchange market, closing at N1593.62 per dollar, up from N1596.52. The Central Bank of Nigeria’s recent $876.26 million sale to banks and the Retail Dutch Auction System contributed to this positive trend, signaling potential...- Nigeria News
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Nigeria CBN Injects $122M into Forex Market: Experts Predict Naira Rebound
The Central Bank of Nigeria (CBN) sold $122.67 million to forex dealers, aiming to stabilize the naira. Experts predict this will strengthen the currency and reduce market pressure. Despite the intervention, the naira slightly weakened against the dollar. The CBN commits to continued market...- Nigeria News
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- Category: Business
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Business CBN Fulfils Promise, Sells Dollar At N360 To BDCs
The Central Bank of Nigeria on Thursday sold $20,000 to each registered Bureau de Change operators who bided for forex yesterday at a rate of 360 naira per dollar in order to boost liquidity. A Trader, Shehu Usman who confirmed the development told Daily Trust that the CBN fulfilled their...- ProfRem
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