The Nigerian Naira struggles, nearing N2,000 per British Pound and 1,500 per US Dollar, amid speculation and economic challenges. Despite $575 million in CBN dollar sales, the Naira remains weak. Global market movements and local economic policies continue to pressure Nigeria's currency...
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In a recent eye-opening interview with the Foundation for Investigative Journalism (FIJ), crypto market analyst Mikael Bernard delved into the complexities surrounding the Nigerian Naira's recent surge in value. This discussion unearthed critical insights...
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The Central Bank of Nigeria (CBN) on Monday injected the sum of $195 million into the interbank foreign exchange (forex) market.
Figures obtained from the Bank indicated that the central bank offered $100 million to authorised dealers in the wholesale segment of the market, while the small and...
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The Central Bank of Nigeria (CBN), on Monday intervened with another sum of $250 million Its continuing efforts to keep the inter-bank foreign exchange market liquid.
A breakdown of Monday’s intervention indicates that the wholesale sector was offered the sum of $100 million, just as the...
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The Central Bank Of Nigeria, CBN, on Wednesday, remained optimism that the naira will further appreciate months to come and boost dollar supply by selling $195 million into various segment of the interbank foreign exchange market.
A breakdown of the intervention indicated that authorized...
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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...
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Nigerian naira on Friday sustained trading at the parallel and black market segments.
Table below shows today's naira rate against dollar, pound and euro at the parallel and official market segments: ...
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Nigerian naira on Wednesday opened on the bullish side against the Euro and Pound at the parallel market.
Table below shows today's naira rate against dollar, pound and euro at the parallel and official market segments:
Nigerian naira on Wednesday sustained gain at the parallel market.
The stability was attributed to weak demand for dollar and increased supply due to dollar sale to bureaux de change by the Central Bank of Nigeria (CBN).
Table below shows today's (21/06/2017) exchange rate of the Nigerian...
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Nigerian naira on Tuesday opened trading flat at the parallel market.
Table below shows today's (20/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound:
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Nigerian naira on Monday opened trading on the booming side at 368 to the dollar after closing 370 last Friday.
This is coming as Central Bank of Nigeria, CBN, continues to intervene at inter-bank market to the foreign exchange policy.
Table below shows today's (19/06/2017) exchange rate of...
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Nigerian naira on Friday sustained trading rate against all major currencies at the parallel market.
Table below shows today's (16/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound:
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The naira is expected to appreciate further against the United States dollar in the coming week as offshore investors pile into local stocks, currency and financial analysts told Reuters.
The analysts, said, the naira will likely strengthen against the dollar in the coming days as more offshore...
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Nigerian naira on Thursday appreciated by 0.15 per cent against the dollar to close at 305.25 at the official market but depreciated at the parallel market to 370 to the dollar.
The investors and exporters forex window rate opened at N372.03 and closed at N365.07, according to tag on the FMDQ...
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Nigerian naira on Wednesday sustained trading at the official and black market segment as CBN pumped over $400 million into foreign exchange market.
Table below shows today's (14/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro:
Nigerian naira fell 0.82 per cent to 370 against the dollar at the parallel market despite Central Bank of Nigeria, CBN, over $400 million forex intervention on Monday.
The currency also fell to 411 against Euro but appreciated by N2 to 465 against rhe Pound sterling at the black market...
Nigerian naira maintained stability on Tuesday morning as the Central Bank of Nigeria intervened in the inter-bank foreign exchange market with $413.5 million on Monday.
The move is part of efforts by the Apex bank to guarantee liquidity in the system.
Table below shows today's (13/06/2017)...
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