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Business Naira Sustains Gain on InterBank Market, Closes at N305/USD1
The Nigerian Naira on Monday sustained its gains by 0.08% to close flat at 305 to the dollar at the inter-bank market. The Pound Sterling also appreciated by three points to close at N547, while Euro and the Dollar remained steady at N495 and N455 at the parallel market segment, according to...- ProfRem
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Business Naira Appreciates, Edges Towards N280 Per Dollar
The Nigerian currency, the Naira is edging towards the N280 to the dollar opening rate at the Financial Markets Dealers Qoute (FMDQ). The naira on Wednesday closed at N304.75 to the dollar at the official interbank market from N305 recorded on Tuesday. At the Bureau De Change (BDC) window, the...- ProfRem
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Business Naira Gains At Interbank, Loses Value At Parallel Market Against US Dollar
The Naira on Wednesday appreciated by 0.08% to 304.75 to the dollar at the interbank market, as the Central Bank of Nigeria raised the exchange rate for Bureau de Change operators to 385 naira per dollar. The currency depreciated 2 points to exchange at N455 to the dollar at the parallel...- ProfRem
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Business Naira Appreciates to 453 Per US Dollar At Parallel Market
The Naira on Tuesday appreciated further against the US dollar at the black segment of the foreign exchange market. The currency gained 2 points to exchange at N453 to the dollar at the parallel market, from N455 it traded on Monday while the Pound Sterling and the Euro remained steady at N545...- ProfRem
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Business Naira to Appreciate Further As BDCs Get Dollar Supply
The naira is expected to appreciate further this week following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators. The CBN has given approvals to First Bank of Nigeria Limited and Travelex, a global foreign exchange company, to commence sale of dollars to the...- ProfRem
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Business Naira Appreciates Against 3 Major Currencies
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...- ProfRem
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Business Naira Falls to 310/USD At Inter-Bank, Steady At Parallel Market
Nigerian naira on Monday fell 1.45% to 310.50 to a United State Dollar at the inter-bank market, despite Travelex sale of dollars to the Bureau De Change operators. The currency closed at N305.99 to the dollar on Friday, according to data compiled by Bloomberg. Travelex, a foreign exchange...- ProfRem
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Business Naira to Record Gain Next Week - BDCs
Nigerian naira may stabilise on the parallel market after international money transfer agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive. The naira was quoted at 473 to the dollar on the black market on Friday, compared with 480...- ProfRem
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Business Travellers Storm Travelex Office, Get Dollar At N356
Travelex, a global foreign exchange dealer, on Friday resumed sale of dollars directly to travellers at N356 to a dollar. The News Agency of Nigeria, NAN, reports that the firm’s office inside the Murtala Muhammed International Airport, Lagos terminal was besieged by hundreds of travellers...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 71]
Nigerian naira depreciated 2.79% against the United States Dollar to close at N320. 31 at the Inter-bank foreign exchange market, seventy-one days after the Central bank of Nigeria removed peg on the country's currency. At the parallel market, the currency closed at 476 from 475 to a dollar it...- ProfRem
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