nigeria naira

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    Business Nigeria naira eases on black market after order to ban FX for food imports – Reuters Africa
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    Naira Pares Losses as CBN Reviews Dollar Rate for BDCs – Thisdaylive

    The naira appreciated Monday as the Central Bank of Nigeria (CBN) approved an upward review of the trading margin for Bureau de Change (BDC) operators in the country. With the review, BDC operators will now buy the United States dollar from the CBN at N357/$ and sell … Read more via...
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    Politics What Babangida Said About Security, Economic Challenges in New Year Message

    Former military President Ibrahim Badamasi Babaginda has said that the lingering security and economic challenges have become the order worldwide and not limited to Nigeria. In a New Year messages to Nigerians yesterday, IBB said every country of the world was experiencing some magnitude of...
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    Metro NAFDAC Headquarters on Fire

    The headquarters of the National Agency for Food and Drugs Administration and Control (NAFDAC), has been engulfed by fire. The office is located at Olusegun Obasanjo Way, Wuse Zone 7, Abuja. It was gathered that the fire started at about 6:20 a.m. and the fire service officials arrived late...
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    Politics House of Reps Wade Into 'Call-to-bar Hijab' Controversy

    The House of Representatives on Tuesday mandated a joint committee to investigate the controversy surrounding why a graduate of law was barred from the call-to-bar ceremony for insisting on wearing the hijab. In a motion of urgent public importance raised by Danburan Nuhu (Kano – APC), he...
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    Business Why US Rejected Nigeria's Yam - Audu Ogbeh

    Nigeria's Minister of agriculture, Audu Ogbeh has said that the United States rejected yam exports from Nigeria because of their poor quality. In June, Nigeria exported yams to China, United Kingdom and US as part of efforts to reduce dependence on oil and increase income from the agricultural...
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    Business Naira Appreciates to N364/US$1 As CBN Injects $250m Into FX Market

    ‎Nigerian Naira on Tuesday appreciated marginally against the dollar at the parallel market. This is coming as the Central Bank of Nigeria (CBN) injected another $250m into various segments of the inter-bank foreign exchange market o Tuesday. The currency gained N1 to exchange at N364 to the...
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    Business Naira Crashes To N363 Per Dollar After MPC Meeting

    Few hours after the CBN announced the outcome of its Monetary Policy Committee (MPC) meeting, the exchange rate crashed at the parallel market as the Naira further appreciated against the dollar. The Nigerian currency gained two points to trade at N363 to the dollar on Tuesday at the parallel...
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    Politics Stop Making Noise During Plenary - Saraki Warns Senators

    The President of the Senate Dr Bukola Saraki on Wednesday warned some senators to stop making noise during plenary to avoid being walked out of the chamber. Dr. Saraki asked senators to go to the coffee room if they would not obey the rules of the chamber and keep quiet. Saraki’s threat...
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    Business Nigeria: 21/06/2017 - Today's Naira Rate Against Dollars, Pounds and Euros

    Nigerian naira on Wednesday sustained gain at the parallel market. The stability was attributed to weak demand for dollar and increased supply due to dollar sale to bureaux de change by the Central Bank of Nigeria (CBN). Table below shows today's (21/06/2017) exchange rate of the Nigerian...
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    Business Nigeria: 16/06/2017 - Today's Naira Rate Against Dollars, Pounds and Euros

    Nigerian naira on Friday sustained trading rate against all major currencies at the parallel market. Table below shows today's (16/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound:
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    Business Nigeria: 14/06/2017 - Today's Naira Rate Against Dollars, Pounds and Euros

    Nigerian naira on Wednesday sustained trading at the official and black market segment as CBN pumped over $400 million into foreign exchange market. Table below shows today's (14/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro:
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    Business Naira Gained 1.6% Last Week, Climbed 3-month High Against Dollar

    Naira traded bullish last week gaining 1.57 per cent to exchange at N380 from N386 per dollar it opened on Monday in the parallel market. This development is coming as the CBN conducted its weekly Secondary Market Intervention Sales (SMIS) auction at the official foreign exchange market. CBN...
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    Politics What South-East Governors Discussed Yesterday In Enugu

    Governors of Nigeria’s southeast zone on Sunday met in Enugu with a fresh call for zonal socio-economic integration, resolving to map out strategies especially in energy sector for greater economic activities in Igboland. Here are what they discussed: Power: Igbo governors invited former...
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    Business Naira-Dollar Crisis: 7 Different Exchange Rates In Nigeria

    In a bid to sustain the tempo of foreign exchange (FX) supply to the interbank FX market and ensure improved dollar liquidity, the Central Bank of Nigeria (CBN) has been intervening at the substantially on the markets. The Central Bank of Nigeria, CBN, had in February 2017, released a new...
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    Business Naira Booms, Gains 1.75% To Close At 400 Per Dollar

    Nigerian naira on Wednesday extended gain at the parallel market, appreciating by 1.75 per cent to close at 400 against the United States Dollar. The currency remained stable against the pound sterling and gained 10 naira to close at 420 against the Euro. At the official market segment, the...
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    Business CBN Bows To BDCs, Increases Dollar Supply By 100%

    In what seems like a bow to marker operators, the Central Bank of Nigeria (CBN) has increased weekly dollar sale to bureaux de change (BDCs) operators by 100 per cent to $40,000 per week per BDC effective from next week. The apex bank also disclosed that demand for dollars by banks fell by 65...
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    Business Naira Crashes To 410 Per Dollar At Parallel Market

    Nigerian naira on Tuesday crashed to 410 per dollar at the parallel market, despite Central Bank of Nigeria, CBN's efforts to close gap between the official and black market rates. The currency closed flat at 490 against the Pound sterling but depreciated by N5 to close at 430 against the Euro...
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    Entertainment Based On Logistics: Nigerians React To 2017 BBNaija Show

    Nigerians are reacting to the landslide victory of Efe at the just concluded 2017 Big Brother Nigeria show. Efe won with 57.61 per cent of the total votes. Here are what Nigerians are saying, based on our logistics:
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    Business Naira Crashes Again, Loses 2% To 405 Per Dollar

    Nigerian naira has crashed at the parallel market for the second consecutive day, Nigerian Bulletin can report. The currency lost 2 per cent to close at 405 to a dollar at the parallel market despite efforts by the Central Bank of Nigeria to boost the currency. It closed stable against the...