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Business Naira Watch: Tracking Nigeria's Currency [Day 69]
Nigerian naira appreciated 2.45% against the United States Dollar to close at N305. 31 at the Inter-bank foreign exchange market, sixty-nine days after the Central bank of Nigeria removed peg on the country's currency. At the parallel market, the local currency fell to 480 to the dollar on the...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 68]
Nigerian naira depreciated slightly against United States Dollar to close at N312. 99 at the Inter-bank foreign exchange market. At the parallel market, the local currency fell to 460 to the dollar on the black market, down from 452 at the close of trading on Tuesday. "Trading has continue to...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 67]
Nigerian naira depreciated by 1.49% against United States Dollar to close at N312.98 at the Inter-bank foreign exchange market. At the parallel market, the currency down to N452.00 to the dollar as shortages on the official market persist, funneling importers to the unofficial market, amidst...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 66]
Nigerian naira depreciated by 0.19% against United States Dollar to close at N308.37 at the Inter-bank foreign exchange market. At the parallel market, the currency down by 0.68% to N445.00 as against 436 on Thursday and 435 on Friday as dollar shortages on the official market persist...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 65]
Nigerian Naira appreciated 1.69 percent against United States dollar sixty five business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency closed 307.79 naira to a United States dollar at the Inter-bank market. At the parallel market, the currency hit a...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 64]
Nigerian Naira depreciated 0.96 percent against United States dollar sixty one business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency closed 313.07 naira to a United States dollar at the Inter-bank market. At the parallel market, the currency hit a...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 63]
Nigerian Naira appreciated 0.08% against United States dollar sixty-two business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency closed 310.08 naira to a United States dollar at the Inter-bank market. The country’s debt profile has risen by 4.17...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 61]
Nigerian Naira appreciated 0.16% against United States dollar sixty one business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency closed 315 naira to a United States dollar at the Inter-bank market. The Central Bank of Nigeria’s Monetary Policy...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 60]
Nigerian Naira depreciated by 0.16% against United States dollar fifty-nine business days after the Central Bank of Nigeria removed peg on the Nation's currency. Meanwhile, Nigerian inflation rate accelerated to to 17.6 in August, 2016, compounding President Muhammadu Buhari-led federal...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 59]
Nigerian Naira appreciated by 0.07% against United States dollar fifty-nine business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency advance slightly at the inter-bank foreign exchange market to close at N315.25. The naira has been under pressure as...- ProfRem
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Business Naira Strengthens 0.1% to 315.50 Per US Dollar
Nigerian naira strengthen 0.1% to 315 per United States dollar as of 11:26am in Lagos, the commercial nerve center of the country. Naira 3-month non deliverable forwards rose 0.3% to 339.50 to a US dollar. The yield on Nigeria's benchmark on government bond due for July 2023 rose 5 basis...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 58]
Nigerian Naira depreciated by 1.54% against United States dollar fifty-eight business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency today traded at the inter-bank foreign exchange market to close at N315.50. The naira has been under pressure as the...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 57]
Nigerian Naira depreciated by 0.86% against United States dollar to close at N310.64 at the Interbank foreign exchange market, fifty-seven business days after the Central Bank of Nigeria removed peg on the Nation's currency, June 20. At the parallel market, the naira also depreciated 0.36% to...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 56]
Nigerian Naira depreciated against the United States dollar to close at N325.25 at the inter-bank market, fifty-six days after the Central bank of Nigeria removed peg on the nation's currency. Meanwhile, the National Council of State of Wednesday said that it approved the steps being taken by...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 55]
Nigerian Naira appreciated 0.18% against the United States dollar to close at N314.35 at the inter-bank market, fifty- five days after the Central bank of Nigeria removed peg on the nation's currency. At the parallel market, the naira closed flat at N422.00 against the Dollar. Traders are...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 54]
Nigerian naira on Tuesday maintained trading rate to 314.75 to a United States dollar, the same price it closed the previous day at the inter bank market, fifty- four days after the Central bank of Nigeria removed peg on the nation's currency. Meanwhile, Godwin Emefiele has reacted to the...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 53]
Nigerian naira on Monday appreciated 0.2% to closed 314.75 to a United States dollar at the inter bank market, fifty- three days after the Central bank of Nigeria removed peg on the nation's currency. On the parallel market, the currency appreciated to 415 to the dollar against N420 the...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 52]
The naira on Friday depreciated by 0.47% against United States dollar to close at N314.77 in Interbank market, fifty-two days after the Central bank of Nigeria introduced the flexible exchange rate policy. On the parallel market, the currency appreciated by 0.83% to close at N420.00. Naira...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 50]
The naira on Wednesday appreciated against Dollar to close at N314.25 at the inter-bank market, fifty days after the Central bank of Nigeria introduced the flexible exchange rate policy. Meanwhile, the Central bank of Nigeria (CBN ) has reinstated the nine banks that were recently suspended...- ProfRem
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Business Naira Falls to N418 Per Dollar at Parallel Market
Nigerian naira plunged to 418 against the dollar at the parallel market on Tuesday as scarcity of foreign exchange continued to weigh on the official interbank and black market. The local currency, which closed at 414 against the greenback on Monday, traded at 415 in Lagos, 417 in Abuja and 418...- ProfRem
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