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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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Nigerian naira on Wednesday depreciated by 0.54 percent to 370 against the United States dollar at the parallel market.
The currency gained N2 to close at 465 against the pound sterling and maintained rate at 410 to the Euro at the parallel market.
At the official market, the naira gained...
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Nigerian naira on Thursday appreciated by 2.13 per cent to close at 374 against the United States dollar at the parallel market as Central Bank of Nigeria, CBN intensify efforts to protect the value of the currency.
The currency maintained rate at 490 and 422 against the Pound sterling and Euro...
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Nigerian Naira depreciated by 3.7 per cent to the dollar in a week's trading as Central Bank Of Nigeria, CBN pumped and adjusted foreign exchange policy for the Bureau De Change operators in the country.
The naira closed 390 to the dollar last week by recording a moderate rate against the...
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...
Nigerian naira on Thursday gained 0.25 per cent to 397 against the United States dollar at the parallel market as Central Bank of Nigeria continues to fight market speculators and currency hoarders.
The currency closed flat at 485 against the Pound sterling but depreciated by 20 naira to 420...
Nigerian naira on Monday dropped 1.1 per cent to close at 395 to a dollar at thge parallel market despite Central Bank of Nigeria, CBN, forex intervention.
The currency also depreciated to 480 against the Pound sterling but appreciated 415 against the Euro at the parallel market.
At the...
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Nigerian naira on Thursday fell further at parallel market for the second consecutive day in a week after gaining over 10 per cent last week.
The currency dropped by 3 naira to 383 to the dollar, 10 naira to 410 to Euro at the black market segment.
However, it appreciated 1.2 per cent to close...
Nigerian naira on Wednesday fell by 1.3 per cent to close at 380 to the United States dollar at the black market.
The currency also fell against the Pound sterling to 470 from 465 its traded on Tuesday, not minding the signing of the Article 50 which signifies the official withdrawal of Britain...
The Central Bank of Nigeria (CBN) has pumped a total of $185 million into the foreign exchange market in order to continue to save the naira against the greenback.
The Apex bank on Tuesday pumped the sum of $85 million into the Deposit Money Banks (DMBs) at the rate of N357/$1 for onward sale...
Central Bank of Nigeria, CBN, on Monday ordered commercial banks in the country to immediately lower naira to dollar rate from 370 to 360 for sale of BTA, PTAs , medicals and schools.
Channel's Television Business editor, Boason Omafaye said the CBN also informed Customers to report erring...
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...
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...
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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...
The forex market on Friday reacted to the news of President Muhamadu Buhari's return from medical trip in the United Kingdom by appreciating against the three major currencies at the parallel market.
NAN reported that the Naira traded at N455 to a dollar amid liquidity boost in the Bureau de...
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Nigerian naira on Friday continued depreciation week after sustaining massive gain at the parallel market.
The currency fell by 1.5 per cent to close at 465 per dollar from 458 its closed on Thursday.
The currency also crashed against the British pound and Euro to 542 and 480.
At the Bureau...
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Naira on Thursday morning trading recorded 4.67 per cent gain at the parallel market, exchanging at N535 to a pound from 560 previous day.
The US dollar and the Euro remained at the parallel market at N455 and N460 respectively.
At the Bureau De Change window, the Naira was sold at N399 to a...
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