naira rate

Bureau de Change (BDCs) operators in Nigeria are kicking over Central Bank of Nigeria's adjustment in forex policy. The CBN on Monday adjusted by reviewing the naira-dollar rate for travelers, students and Medical fees from 376 to 360 and ordered to start honoring the new rate with immediate...

Nigerian naira on Monday resumed trading on a bullish side as the currency closed at 385 to a Dollar at the parallel market. The currency gained 20 naira from 490 to 470 against the pound sterling but lost 5 naira to the Euro to close at 435 at the back market segment. At the official rate...

Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON), has said that CBN-licensed BDCs incurred regulatory losses of 130 million naira this week. Gwadabe disclosed on Friday in Lagos that the losses were coming from the CBN’s disparity in applicable...

Nigerian naira on Friday ended the week trading bullish as the currency trades 390 per US dollar at the parallel market. The currency also appreciated further against the Pound sterling and Euro at the parallel market to close at 490, 430 respectively. At the official market, the currency...

The Nigerian naira extended recovery at the parallel market by gaining 4.87 per cent to 411 against the United States dollar as Central Bank of Nigeria moves to close the gap between the various forex rates in the country. The currency also appreciated against the Pound and Euro at the market...

Nigerian Naira on Tuesday made great recovery, rose 5.81 per cent to 430 against the United States Dollar at the parallel market. The massive gain is coming as the CBN on Monday injected additional 180 million dollars since February when it started its intervention to meet bids for wholesale...

Nigerian naira on Friday ended weekly trading with 1.1 per cent gain at the parallel market to 450 per dollar as Central Bank of Nigeria, CBN intervened at the inter-bank market segment. The currency also appreciated against the Euro to 472 from 475 its traded on Thursday and fell by 5 naira to...

The Central Bank of Nigeria would on Friday (today) release the sum of $100m to authorised dealers to meet the requests of genuine customers in the interbank segment of the foreign exchange market. The release of the forex, according to the apex bank, followed bids from authorised dealers for...

Nigerian naira on Thursday continued to appreciate against United States dollars at the parallel market. The currency gained 2 naira to 455 against the dollar and N5 to 580 against Euro from 585 it traded previous day. It remained flat at 550 to a Pound sterling at the parallel market. At the...

Nigerian naira on Friday continued depreciation week after sustaining massive gain at the parallel market. The currency fell by 1.5 per cent to close at 465 per dollar from 458 its closed on Thursday. The currency also crashed against the British pound and Euro to 542 and 480. At the Bureau...

Nigerian naira on Thursday depreciated by 0.44 per cent to close at 457 to a dollar at the parallel market. The currency also crashed against the British pound and Euro to 540 and 475. At the Bureau De Change window, the Naira was sold at N399 to a dollar, the Central Bank of...

Nigerian naira on Tuesday closed firm at 455 to a dollar at the parallel market despite Central bank of Nigeria's intervention in the market on Monday. The currency opened Tuesday's trading with a N5 gain against the dollar but revert to N455 against the greenback at the close of Tuesday's...

The Central Bank of Nigeria said on Monday attacked the green back in favour of the Naira by releasing additional $80 million to retail customers and another $100 million in currency forwards to increase dollar liquidity and support the currency. The central bank said in a statement it sold $80...

Nigerian naira on Monday appreciated 1.1 per cent to close at 455 to a dollar at the parallel market. The currency gained 13 per cent last week after the Central Bank of Nigeria auctioned $230 million in forward contracts on the official market after selling $370 million this week to boost...

Nigerian naira which performed as the worst currency in 2016, surprised many spectators as its traded among the most performing currency last week owing to Central Bank of Nigeria intervention. The currency last Monday slumped to worst in history to 520 per dollar at the parallel market to gain...

Senator Ben Murray Bruce, representing Bayelsa East senatorial district has applauded acting President Yemi Osinbajo over the sharp rise in the value of the naira. Recall that Acting President, Yemi Osinbajo during the National Executive Council meeting held weeks ago ordered the Central Bank...

Nigerian naira on Friday appreciated 8.9 per cent to close at 460 to a dollar at the parallel market, fourth continuous days since the Central Bank of Nigeria relaxed the Forex policy. The local currency also gained heavily against Pound sterling and Euro to close at 575 and 480 respectively...

The Nigerian naira on Thursday extended gain above 2 per cent against the United States dollar at parallel market, few days after the Central Bank of Nigeria relax country's forex policy. The currency started the day at N505 and appreciated to N495 as more and more people troop to the market to...

Nigerian naira on Wednesday appreciated at the parallel market to 505 as the Central Bank of Nigeria carried out special wholesale intervention forward sales in the interbank forex market by offering $500 million. The currency extended gain by 10 naira from 515 its opened trading on Wednesday...

The Central Bank of Nigeria, CBN bowed to pressure by releasing a new foreign exchange policy in the country. The new policy is coming after the National Economic Council, NEC, urged for immediate review to stem the widening gap between the inter-bank foreign exchange and parallel market rates...