naira dollar rate
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Business Dollars pour into Nigeria as net inflow turns positive for first time since 2012 – Businessday
More dollars poured into Nigeria than exited through the Central bank in 2017 for the first time since 2012, according to data compiled by BusinessDay and sourced from a report on the apex bank’s website that put net inflows at $12 billion. The $12 … Read more via BusinessDay : News you can...- curator
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Business CBN Boosts FX Supply With $240m To Stabilises Naira
The Central Bank of Nigeria (CBN) had last Friday, allocated the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals for the Eid Fitr holidays. The Bank, also confirmed the sale of forex to dealers in the Bureau de Change (BDC) segment...- ProfRem
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Business Naira Appreciates Further Against Dollar at Parallel Market
The Nigerian naira has recorded a further gain against the US dollar, appreciating to 365 to the greenback. Naira had closed at 367/dollar on Friday, after closing between 367/dollar and 368/dollar for most days of last week. Currency analysts expect the naira to be stable across the board in...- LequteMan
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Business BDC Operators Lament As Nara/Dollar Rates Converge At FX Markets
Nigeria's Bureaux de change (BDCs) operators have lamented that convergence of parallel and black market rates thereby calling on the Central Bank of Nigeria, (CBN) to review the rate band for BDCs. Aminu Gwadabe, president, Association of Bureaux De Change Operators of Nigeria (ABCON) said the...- ProfRem
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Business Naira Converges at BDC and Parallel Market, Appreciates to N363 Per Dollar
The Nigerian naira on Tuesday converged at the BDC and parallel market, exchanging at N363 per dollar on both markets. The attractive rate at the parallel market immediately triggered a massive influx of demands from forex users running away from the mandatory regulatory documentations sought...- LequteMan
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Business Naira Gains Against Dollar at Parallel Market
The Nigerian Naira on Monday appreciated against the dollar, gaining 3 units to exchanged at 388 to the greenback. The currency ended the previous week at 391 per dollar. The pound sterling and the Euro closed at N495 and N425 respectively at the parallel market. At the Bureau De Change (BDC)...- LequteMan
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Business Emefiele: CBN Will Defend Naira Fiercely, It Will Keep Appreciating
The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele recently stated that the apex bank would continue to intervene in the foreign exchange market to ensure the naira remains strong. “Our reserves stand at above $31bn and that provides us enough of firepower or ammunition to be...- LequteMan
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Business Naira Falls to N390 Per Dollar at Parallel Market
The Nigerian Naira on Thursday fell against the dollar at the parallel market, losing two points to exchange at N390 per dollar. The Pound Sterling and the Euro traded at N495 and N415, respectively. At the Bureau De Change (BDC) window, the naira was sold at N362, while the Pound Sterling...- LequteMan
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Business CBN Conducts FX Auction as Naira Strengthens Further Against Dollar
The Central Bank of Nigeria, CBN, on Tuesday announced that it had offered $100 million in currency forwards at a wholesale auction in order to boost liquidity on the interbank market and strengthen the naira. The dollar sale, for which settlement will be between one week and 45 days, is aimed...- LequteMan
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Business Naira Depreciates Further at Parallel Market
The Nigerian naira during the weekend fell further against the dollar at the parallel segment of the foreign exchange market. The currency which started last week at N370 per dollar closed yesterday to N394. This is despite CBN's relentless release of the greenback into the market to boost the...- LequteMan
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Business Naira to Appreciate Further as CBN Schedule Dollar Sale to BDCs
The Naira is expected to appreciate further at the parallel market in the coming weeks as the Central Bank of Nigeria, CBN, plans to begin selling dollar to bureau de change operators. CBN on Thursday said it will sell dollars twice every week to BDCs from next week and step up dollar supplies...- LequteMan
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Business CBN Crashes Dollar Price to N360/$
The Central Bank of Nigeria, CBN, has ordered Nigerian banks to sell the dollar at a rate of N360 per unit to its customers with immediate effect. The CBN itself is selling the greenback to the banks at N357 per dollar. In a statement by CBN's Acting Director, Corporate Communications, Mr...- LequteMan
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Business Naira Appreciates to N385/$ at Abuja Black Market, BDC Operators in Panic Mode
The Nigerian Naira according to the Vanguard, appreciated on Thursday to N385 per dollar at the parallel market in Abuja, sending bureaux de change operators into panic mode. Although the currency exchanged in a 400-405 at parallel markets in other areas of the country, the Abuja rate was low...- LequteMan
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Business Naira Appreciation: What CBN Should do Next - BDC President
President of the Association of Bureau De Change Operators of Nigeria (ABCON) Aminu Gwadabe has called on the Central Bank of Nigeria (CBN) to loosen its policies on foreign direct inflow and diaspora remittances. According to him, this will help rate convergence of the currency and make it...- LequteMan
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Business CBN Releases $180m Forex as Naira Falls at Official Market
The Nigerian Naira at the end of business on Monday depreciated further to 307.5 units per dollar at the official market. It had closed at 307 to a dollar last week at the official market from the 305.50 level it had traded since last year. The currency is 445 at the black market, firmer than...- LequteMan
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Business Banks Beg Nigerians to Buy Dollar as CBN Pumps Another $160m Into Forex Market
The Central Bank of Nigeria, CBN has boosted the forex market with another $195 million on Tuesday in its continued effort to sustain the supply of foreign exchange. The latest release comprised of $150 million for the wholesale auction and $45 million in the invisible segment for such items as...- LequteMan
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Business Nigeria - 14/03/2017: Today's Naira Rate Against The Dollar, Pounds And Euro
Today's (14/03/2017) exchange rate of the Nigerian Naira against the Dollars, Pounds and Euros- mrsam
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Business Nigeria: Naira Appreciates Against All Major Currencies at Parallel Market
The Nigerian Naira on Monday gained against the Dollar, Pounds and the Euros at the black market. The currency gained three points to exchange at N460 against the dollar, from N463 it opened trading on Monday. It also gained against the Pound Sterling and the Euro closed at N550 and 476...- LequteMan
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Business Naira Appreciates Against Dollar to N462 at Parallel Market
The Nigerian Naira on Thursday appreciated marginally against the dollar at the black market to exchange at N462 per dollar. The currency gained three units against the greenback after closing at N465 the previous day. The Pound Sterling and the Euro closed at N550 and N477, respectively...- LequteMan
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Business Naira to Appreciate More as CBN Pumps $100m Into Forex Market
The Central Bank of Nigeria, CBN, on Tuesday injected another $100m into the forex market in a bid to make the greenback available and the naira appreciate. CBN Director of Corporate Communications, Isaac Okorafor said the measure is part of the initiatives to crash dollar demand at the black...- LequteMan
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