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Business Naira Appreciates To 516/US$1 After CBN Eases FX Policy
Nigerian naira on Tuesday gained rapidly against the United States dollar to 516 at the black market, 24 hours after the Central Bank of Nigeria adjusted the country's forex policy. On Monday, it crashed at the parallel market to N520 per United States dollar, even as the Central Bank of...- ProfRem
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Business CBN Tightens FOREX Guidelines To Stabiise Naira Value
The Central Bank of Nigeria (CBN) has tightened its operational guidelines on foreign exchange (forex) trading among banks and other authorised dealers. The guidelines is coming as a measure to stabilise the Nigerian naira’s value. The rules released on Wednesday by the Financial Market...- ProfRem
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Business Naira Crashes To 490 Per Dollar To Complicate Christmas For Traders
Nigerian Naira on Monday crashed to 490 per United states dollar at the parallel market, complicating Christmas for the traders at the foreign exchange market The Nigerian currency which exchanged at N487 to a dollar on Friday dropped sharply on Monday afternoon to N490 as dollar scarcity...- ProfRem
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Business Naira Settles At 485 Per Dollar At Parallel Market
Nigerian naira on Friday settled at 485 to the United States dollar at the parallel market as forex scarcity persist. The currency also closed 602 to a pound and 515 to the Euro at the black market side. The fall of the naira can been attributed to the recent crackdown by security agents on...- ProfRem
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Business Naira Remains Steady Against 3 Major Currencies
The Nigerian Naira on Thursday remain steady against the United States Dollar at both parallel and inter bank markets as shortage of dollar persists. The currency remained steady at the Interbank market to close at N304.75 and N470 at the parallel market as its posted on Wednesday. It also...- ProfRem
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Business Naira Falls 4.8% to 325 to a Dollar
Nigerian Naira fell 4.8% to 325 to United States Dollar as of 11.10am in Lagos, poised for weakest close on record. Naira-dollar 3 month non-deliverable forwards fell 0.6% to 349.5050 per United States Dollar Ghana Cedi on the other hand declined 0.2% to 3.9475 to USD, heads for lowest...- ProfRem
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