In a decisive move to counter the ongoing slump of the Naira, the Federal Government unveiled plans to automate all transactions within the foreign exchange market. The announcement was made by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, during the 29th Nigeria...
In recent days, Nigeria's currency, the Naira, has been on a tumultuous ride due to a surge in demand for the safe-haven US dollar. The official exchange rate in the country witnessed a fresh low, and the situation worsened on the unofficial market, where the Naira's exchange rate reached N1,186...
In recent days, Nigeria's currency, the Naira, has been on a tumultuous ride due to a surge in demand for the safe-haven US dollar. The official exchange rate in the country witnessed a fresh low, and the situation worsened on the unofficial market, where the Naira's exchange rate reached N1,186...
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Nigerian naira appreciated on the black market segment to 367 to the dollar but depreciated to 307 at the official market rate
Table below shows today's (12/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro:
Nigerian naira opened trading at the parallel market on Thursday with massive gain against the British pound to 535 from 560 it closed on Wednesday.
The currency also opened flat against the US dollar and Euro at the parallel market.
See table for today's (02/03/2017) exchange rate of the...
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Nigerian Naira on Friday depreciated further against three major currencies - Dollar, Euro and Pound at the parallel market as speculation, hoarding and increasing zero confidence of foreign investors among spike in the foreign exchange rate.
The currency weakened to N484 per dollar from N482...
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The Nigerian Naira on Thursday remain steady against the United States Dollar at both parallel and inter bank markets as shortage of dollar persists.
The currency remained steady at the Interbank market to close at N304.75 and N470 at the parallel market as its posted on Wednesday.
It also...
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