naira dollar rate
-
L
Business Naira Set for Massive Appreciation; CBN to Pump $350m Into Forex Market
The Central Bank of Nigeria, CBN, will pump another $350 million into the forex market this weekend for the naira to appreciate against the dollar further. According to Vanguard, CBN Acting Director of Corporate communications, Isaac Okorafor, has confirmed the development, saying the apex bank...- LequteMan
- Thread
- naira appreciate cbn pumps dollar forex market naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
L
Business CBN's Black Market Attack is Just a Stopgap Until FG Floats the Naira- Bloomberg
According to a report from Bloomberg, the recent gains of the naira at the black market due to the flooding of the market with dollars by the CBN is only temporary. Don’t be fooled by the biggest black-market gain in a year for Nigeria’s naira. The rally, sparked by increased sales of foreign...- LequteMan
- Thread
- bloomberg naira dollar rate naira news nigeria news
- Replies: 0
- Forum: Business News Links
-
L
Business Nigeria: Naira Now N445 Per Dollar; Will Keep Appreciating- Experts
The naira on Sunday appreciated to 445 against the dollar at the parallel market 7 days after the CBN launched a new foreign exchange policy and flooded the market with the greenback. The naira has been gaining against the dollar following the introduction of CBN's new policy. The CBN also...- LequteMan
- Thread
- naira dollar rate nigeria news
- Replies: 4
- Forum: Business News Links
-
L
Business 8 Things Every Nigerian Needs to Know About CBN's New Forex Policy
The Central Bank of Nigeria, CBN, on Monday issued a new forex policy on its website called the “New Policy Actions in the Foreign Exchange Market.” The policy will dictate how things work in the Nigerian foreign exchange market. Here's a breakdown of the policy. It is directed at the retail...- LequteMan
- Thread
- cbn naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
L
Business Naira Will Hit N1000/$ Before End of 2017 If Care is Not Taken- Expert
Nigerian economic expert Henry Boyo has stated that the naira will depreciate further against the dollar to N1000 per dollar at the parallel market before the end of the year if care is not taken. The respected Henry Boyo is Managing Director, Cocosheen Nigeria Limited, Ikeja in Lagos state...- LequteMan
- Thread
- naira dollar rate nigeria news
- Replies: 2
- Forum: Business News Links
-
L
Politics Ekweremadu: Naira Now Africa's Worst Currency Because of Buhari
Nigeria's Deputy Senate President, Ike Ekweremadu has condemned the Muhammadu Buhari government. According to him, all "APC promises had been kept in the reverse order.” “They told us that one US dollar would be one naira when they take over. Has that happened? Today, our currency is the...- LequteMan
- Thread
- ike ekweremadu naira dollar rate naira worst currency nigeria news
- Replies: 2
- Forum: Political News Links
-
L
Business Naira Falls to N510 Per Dollar at Parallel Market
The Nigerian Naira has fallen further against the dollar at the parallel market. At the parallel market, the currency exchanged at N510 on Wednesday. The Pound Sterling and Euro were N625 and N535 per unit. At the Bureau de Change window, the currency closed at N399 to the dollar while the...- LequteMan
- Thread
- naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
K
Business Osinbajo Lists 2 Reasons Why Naira Keeps Falling Against Dollar
Acting-President, Yemi Osinbajo has identified two key reasons for the continued devaluation of the Naira against Dollar. Osinbajo explained that corruption and the vandalization of pipeline facilities in the Niger-Delta region were responsible for the reduction in the volume of Dollar...- kemi
- Thread
- naira dollar rate why naira fall against dollar
- Replies: 1
- Forum: Business News Links
-
L
Business Why Nigeria's Black Market Will Collapse Soon- Finance Minister Adeosun
Nigeria's Finance Minister Kemi Adeosun is confident that the country's black market, where dollar is most expensive, will soon collapse. Speaking in Abuja on Monday, she said the market had no backbone. "The black market would soon collapse because it is not driven by any fundamentals and...- LequteMan
- Thread
- kemi adeosun naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
L
Business Naira Depreciates Further Against Dollar, Now N497/$
The Nigerian naira on Friday depreciated further against the dollar, falling close to a predicted 500 to the greenback at the open retail market as dollar scarcity perseveres. The naira hit 497 per dollar on the market, weaker than its opening level of 495. On the official interbank market it...- LequteMan
- Thread
- naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
L
Business CBN Has Refused to Devalue the Naira- BDC President Gwadabe
The Central Bank of Nigeria, CBN, has told Bureau de Change operators that it has no desire to devalue the naira. President of Bureau de Change operators, Aminu Gwadabe, after a meeting said CBN governor Godwin Emefiele told the group in a meeting it was looking at ways to boost dollar...- LequteMan
- Thread
- naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
P
Business Dollar Scarcity Forces Naira To 495 At Parallel Market
The Naira on Thursday depreciated further at the parallel market, ebbing close to the projection of speculators, the News Agency of Nigeria reports. NAN reports that at the twilight of 2016, speculators forecasted that the Naira would exchange at N500 to a dollar. The Nigerian currency lost N3...- ProfRem
- Thread
- bureau de change bureau de change operators naira dollar rate naira watch nan nigeria news nigerianbulletin
- Replies: 0
- Forum: Business News Links
-
P
Business CBN Meets BDC Operators To Eliminate Multiplicity of Naira Rates
The Central Bank of Nigeria (CBN)’s officials will meet bureau de change(BDC) operators today to try to find ways to eliminate the gap between the official and black market dollar rates, the association president told Reuters. The president of the Association of Bureau de Change of Nigeria...- ProfRem
- Thread
- aminu gwadabe association of bureau de change of nigeria bdc operators in nigeria cbn meet bdcs naira dollar rate nigeria news nigerianbulletin
- Replies: 0
- Forum: Business News Links
-
L
Business Nigeria: Naira Appreciates Against Dollar at Parallel Market
The naira on Monday rebounded against the dollar, gaining three unites to exchange at 490 per dollar. The currency ended last week at 493 to the green back. At the Bureau De Change (BDC) window, the Naira closed at N399, CBN rate, while the Pound Sterling and the Euro traded at N599 and N510...- LequteMan
- Thread
- naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
P
Business Naira Weakens To N493/$1 As CBN Places Restriction
The Nigerian Naira on Thursday at the parallel market as it weakened against all three major currencies as Central Bank of Nigeria continued to place restriction despite its June 20 flexible exchange rate policy. NAN reports that Naira lost three points to the dollar as it closed at N493 to a...- ProfRem
- Thread
- cbn naira dollar rate naira rate naira watch nigeria news nigerianbulletin today's exchange rate
- Replies: 0
- Forum: Business News Links
-
L
Business Nigeria FX Market as big as $20bn Monthly - BDC President
Nigerians demand as much as $20bn every month for foreign exchange, Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) has stated. According to him, the $1bn intervention of the CBN was a far cry from the monthly Forex demand in the country. “The $1b...- LequteMan
- Thread
- naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
L
Business Naira Depreciates to N490 Per Dollar at Parallel Market
The Nigerian naira on Wednesday fell to N490 per dollar at the parallel market after appreciating to N485 after Christmas. The Pound Sterling and the Euro at the end of the day closed at N590 and 502, respectively. At the Bureau De Change (BDC) Window, Naira exchanged for N399 to a dollar, at...- LequteMan
- Thread
- naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
L
Business Naira Expected to Crash to 500 Per Dollar Next Week
The Nigerian naira is expected to hit a landmark 500 units per dollar at the parallel market next week as dollar scarcity continues. “There is an acute shortage of dollars in the market because of supply being slashed by half to Bureau de Change operators from international money transfer...- LequteMan
- Thread
- naira dollar rate nigeria news
- Replies: 0
- Forum: Business News Links
-
L
Business Buhari to Dump CBN Policy, Lift Forex ban on 41 Restricted Items
The federal government is set to lift the forex ban it placed on some 41 items last year, Vanguard says. The 2017 Fiscal Policy Roadmap, a document released by Finance Minister Kemi Adeosun, explains how the pressure on the naira at the parallel market. The document said FG “will replace...- LequteMan
- Thread
- kemi adeosun naira dollar rate nigeria news
- Replies: 28
- Forum: Business News Links
-
L
Business Nigeria: Naira to Start Appreciating Against Dollar
The naira is expected to begin appreciating against the united states dollar as Nigerians abroad are expected to send funds home for the yuletide season. The naira on Thursday exchanged at 485 per dollar at the parallel market and 305 at the official market. At worst, the currency according...- LequteMan
- Thread
- naija news naira dollar rate
- Replies: 0
- Forum: Business News Links
About Nigerian Bulletin
Nigerian Bulletin is your gateway to top news, specialized lifestyle topics, and a unique, curated marketplace. It connects Nigerians worldwide with crucial updates and opportunities and is ideal for engaging press releases, effective sponsored posts, banner ads, and product showcases.