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Business CBN Makes Fresh Intervention, Pumps $100m Into Forex Market
The Central Bank of Nigeria (CBN) on Thursday offered the sum of $100 million to meet the requests of wholesale customers. The sale will be settled today. Acting Director of Corporate Communications at the CBN, Isaac Okorafor, disclosed that $91 million was taken. He said the dealers will...- ProfRem
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Business Naira Edges Towards 300/US$1 As CBN Moves To Close FX Gap
Nigerian naira on Thursday edged towards 300 per dollar at the black market as Central Bank of Nigeria, CBN, keeps pumping forex into official market to narrow the currency’s spread at the black market. The currency trades at 380 to 400 against the US dollar at the parallel market, gaining 2.5...- ProfRem
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- aboki naira rate nigeria naira exchange rate today nigeria news nigerian naira today's naira rate
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Business How CBN Weakens Dollar, Pushes Naira To 7-Month High At 410/US$1
The Central Bank of Nigeria On Wednesday sold the dollar at a weaker rate, traders say, in an effort to boost liquidity on the official market and narrow the naira’s spread at the black market. The Central Bank has been intervening on the official market to try to narrow the currency spread...- ProfRem
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- aboki naira rate central bank of nigeria how cbn weakens dollar naira rate today nigeria naira exchange rate today nigerian naira reuters analysis on naira today's naira rate
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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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- femi falana femi falana on nigerian naira how buhari's ministers ruined naira naira watch nigeria news nigerian naira thisday newspaper
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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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- aboki exchange rate naira rate naira watch nigeria naira exchange rate today nigeria news nigerian naira today's naira rate
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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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- aboki rate today cbn and naira crisis naira to dollar rate naira watch nigeria naira exchange rate nigeria news nigerian naira today's exchange rate
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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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- cbn naira rate naira watch nigeria naira exchange rate today nigerian currency nigerian naira today's exchange rate
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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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- aboki naira rate cbn central bank of nigeria-controlled rate naira rat to dollar naira rate naira to dollar naira watch nigerian naira
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Business Naira Closes Firm At 455 Per Dollar At Parallel Market
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...- ProfRem
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- naira closes at 455 naira rate naira to dollar rate nigeria news nigerian naira
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Fixing The Naira, The Soludo Solution
The Nigerian naira has been the major talk of the town as the currency gained heavily within a week after losing over 100 per cent in 2016. In an intriguing article on The Guardian Newspaper dated 26 February 2017 and titled: “Saving The Naira, The Soludo Option”, the writer, Dan Agbese...- ProfRem
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- cbn charles soludo approach to naira imf nigeria news nigerian naira nigerianbulletin
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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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- central bank of nigeria naira rate naira watch nigeria news nigerian currency nigerian naira nigerianbulletin
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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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- anayo nwou naira rate naira watch nigerian naira
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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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- naira at 495 naira extends gain by 2 per cent naira rate naira to dollar rate naira watch nigeria news nigerian naira
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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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- cbn new policy naira appreciates to 516/us$1 naira rate naira rate to dollar naira watch nigeria news nigerian naira nigerianbulletin
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Business Nigeria: BDC Operators Express Worry As Naira Hits 510 Per Dollar
Nigeria's naira hit a fresh low on the black market on Wednesday at 510 per United States Dollar at the parellel market. The head of its bureau de change association, BDC urged his members to help stabilise the currency, whose continued weakness had become a "major concern" to the central bank...- ProfRem
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- bureau de change association naira at 510 per dollar naira rate naira watch nigeria news nigerian naira
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Business Nigerian Naira Faces Further Decline At 500 Per Dollar
The naira is expected to depreciate further against the United States dollar at the parallel market despite increase in Nigeria's foreign reserve. Nigeria's forex exchange reserves have gained more than $2bn in 2017, rising to $28.2bn on February 2. The local currency had been stable against...- ProfRem
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- cbn naira at parallel market naira falls to n500 naira rate naira watch nigeria news nigerian naira nigerianbulletin
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Politics Naira Crisis: Nigerian Man Begs Jonathan For Forgiveness, He Replies Him
A Nigerian man, Mohammed DeeDee has asked former President, Goodluck Jonathan for forgiven over his statement over when Naira fell to 180 per dollar at the official market in 2014. In 2016, under President Muhammadu Buhari, the naira has fallen to 305 per dollar at the paralle market and almost...- ProfRem
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- ben murray bruce on jonathan's issue goodluck jonathan mohammed deedee nigerian naira twitter user begs jonathan
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Business Naira Bounces Back To 498 Per Dollar At Parallel Market
The naira bounced back against the United States dollar from 500 to 498 at the parallel market on first day trading February, 2017. The naira has been under persistent pressure as scarcity of the greenback continues to hit the market. The currency still maintained high rate against the pound...- ProfRem
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- cbn naira rate naira to dollar naira to pound rate naira watch nigerian naira
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Business [OPINION] Naira Is Dead: Lets Redenominate The Currency Before Its Too Late! - Paul Alaje
Paul Alaje, an economist with the SPM Professionals, Abuja has written extensively on the naira-dollar crisis currently faced in Nigeria. In the article, "The Naira Is Dead: Lets Redenominate the Currency Before Its Too Late!", he delved into the hidtorical antecedent of the currency and why it...- ProfRem
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- cbn history of nigeria naira rate naira watch nigeria news nigerian naira paul alaje article on naira
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Business Nigerian Naira Set To Crash As BDC Operators Go Into Hiding
Nigerian naira may be heading towards doom as Bureau De Change operators, most in Lagos state have gone underground. The Central Bank capped prices that non-bank dealers can charge their customers for foreign exchange, effectively pegging the black-market rate, while endorsing the Department of...- ProfRem
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- bdc operators bdc operators go into hiding naira watch nigeria news nigerian naira
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