inter bank market

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    Business Naira Sides To 412 At The Parallel Market

    Nigeria's naira was quoted at an all-time low of 412 per dollar on the parallel market on Friday as a dollar shortage persists, traders said. According to Reuters on account of traders, some bureaux de change operators have been finding it difficult to access their forex account and get dollar...
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    Business Naira Rises 0.4% to 320.95 Per Dollar

    Nigerian Naira gained on Monday morning advancing 0.4% to 320.95 to the United States Dollar at the inter-bank market. The Naira-dollar 3 month non-deliverable forwards jumped to -0.1% to 350 per United States Dollar The Ghanian Cedi on the hand, falls 0.1% to 3.95 to a United States Dollar...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 19]

    The Nigerian naira on Tuesday reacted to the International Monetary Fund adjustment on Nigeria's economic outlook for 2016 byd depreciating to 293.25 at the inter bank rate, nineteen official day afte rthe Apex bank remove peg on the country's rates The Naira weakens 3.4% to N293.25 to a...
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    Business Oby Ezekwesili Applauds CBN as Naira Floats

    Nigeria's former minister and frontrunner of Bring Back our Girls, Oby Ezekwesili has nodded to the flexibe exchange rate policy of the Central Bank of Nigeria. Ezekwesili, who reacted this afternoon on twitter when the naira traded at N255/Us Dollar at the interbank said: “ The...
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