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Business Naira Appreciates Further, Now At 390 Per Dollar
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...- ProfRem
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Business Naira Recovers, Gains 4.9% To 410/US$1 At Black Market
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...- ProfRem
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Business How Buhari's Ministers Colluded With IMF To Ruin The Naira – Falana
Femi Falana, human rights lawyer and senior advocate of Nigeria (SAN), has alleged that President Muhammadu Buhari’s ministers colluded with the Intermational Monetary Fund, IMF to ruined the naira. In this interview with THISDAY Newspaper, Falana spoke on various issues facing the country and...- ProfRem
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Business Naira Makes Great Recovery, Rises By 5.81% To 430 Per Dollar
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...- ProfRem
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Business Naira Extends Gains Against 3 Major Currencies
Nigerian Naira on Monday extended gain against the three major currencies at the parallel market as Central Bank of Nigerian continues to save to the currency against US dollar. At the Parallel market, the Naira gained 5 naira to 455 from 450 its closed last Friday against the dollar. The...- ProfRem
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Business Naira Gains 1.1%, Trades At 450 Per Dollar As CBN Intervenes
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...- ProfRem
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Business Naira Appreciates To 455 Per Dollar At Parallel Market
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...- ProfRem
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Business Naira Falls By 0.44% To 457 Per Dollar At Parallel Market
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...- ProfRem
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Business Naira Appreciates Another 1.1% To 455 Per Dollar At Black Market
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...- ProfRem
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The Nigerian Naira 'Macabre Dance' Explained
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...- ProfRem
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Business Naira Appreciates 8.9% To 460 Per Dollar At Parallel Market
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...- ProfRem
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Business Naira Extends Gain By 2% To 495 At Parallel Market
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...- ProfRem
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Business Naira Strengthens To 505/US$1 As CBN Injects $370m Into FX Market
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...- ProfRem
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Business CBN New Policy Is Like Moving From Fry Pan To Fire - Manufacturers
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...- ProfRem
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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 3 Biggest Gainers From CBN’s New Forex Policy
Central Bank of Nigeria on Monday shocked Nigerians and businesses over sudden change in foreign exchange rules. The naira on Monday slumped to 520 per dollar at the parallel market as pressure keeps mounting on dollar scarcity. Nigerian Bulletin take a look by identifying the three possible...- ProfRem
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- cbn cbn new forex policy gainers from cbn new forex rules naira rate naira watch nigeria news nigerian banks
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Business 5 Ways The New CBN Policy May Revive The Naira
The Central Bank of Nigeria, CBN on Monday bowed to pressure by releasing a new foreign exchange policy in the country with immediate effect. 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...- ProfRem
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- cbn cbn forex policy cbn new policy how cbn policy may revive naira naira rate naira watch nigeria news nigerianbulletin
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Business Naira Crashes To Another Record Low Of 520 Per Dollar
Nigerian Naira on Monday continued to crash at the parallel market to N520 per United States dollar, even as the Central Bank of Nigerian, CBN fund commercial banks with additional forex to cater for school fees, medical and PTA/BTA fares. The currency depreciated sharply from N518 its opened...- ProfRem
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Business CBN Releases Forex To Banks, Peg Naira Rate At 375 For School Fees, PTA
The Central Bank of Nigeria has fund banks directly with additional foreign exchange as part of its efforts to alleviate the sufferings experienced by Nigerians, who source forex for school fees, medicals and personal traveling allowance (PTA), pegging at at 375 to a dollar. Acting Director...- ProfRem
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Business FG Knives Out For Emefiele As Naira Dives Towards 600 To Dollar
The federal government may soon use its sledge hammer on the Central bank of Nigeria governor, Mr. Godwin Emefiele as Naira dives towards 600 to the dollar at the parallel market. The National Economic Council (NEC) on Thursday expressed concern over the exchange rate and directed the Central...- ProfRem
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