The Central Bank of Nigeria (CBN) has declared that Nigeria currency (Naira) exchange rate is now floated, which implies that the Naira exchange rate will now be fully determined by market forces of demand and supply.
According to the information obtained on the CBN website, the exchange rate...
Nigeria Central Bank Says Naira Exchange Rate Is Market Driven Bloomberg The exchange rate of Nigeria’s naira is determined by demand and supply, because the central bank says so.....
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The Central Bank of Nigeria (CBN) yesterday injected $210 million into various segments of the inter-bank market as the value of naira dipped to N305.70 to the dollar at the official window. The naira which closed last week Friday at N305.65 to the dollar at CBN window before dropping …
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The Association of Bureaux De Change Operators of Nigeria (ABCON) on Wednesday listed recipes for a stronger naira and a more stable exchange rate in 2018. Alhaji Aminu Gwadabe, President of ABCON, said the recipes were agreed at a meeting of the operators in Lagos. Gwadabe urged the CBN to...
The Naira on Friday continued to appreciate against the three major currencies at the parallel market.
At the official inter-bank market, the Naira gained slightly remain steady at N304.50 from N304.75 posted on Thursday..
On Friday morning, the currency strengthened against the dollar, euro...
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The naira weakened further against the dollar at the parallel market on Monday, exchanging at N357 for a dollar as against N350 it traded on Friday.
But maintained stability with the pounds sterling and euro, trading at N505 and N397 to each of them, respectively.
Meanwhile, pending the...
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