The Central Bank of Nigeria (CBN) on Monday flooded the foreign exchange market with $240 million to meet effective demand. The bank released the sum of $90 million to meet
Tag "dollar"
The US dollar bulls finally regained some control of the market after three weeks of consecutive declines. Nonetheless, despite a 1% rally last week, the dollar index suffered 1.9% declines
The naira is currently at its best point since August 2016, while the nation’s foreign exchange reserves is at the highest point since the fourth quarter of 2015. The local
The value of the dollar continued to diminish against the naira as the local currency was traded at N390 to the greenback on Thursday evening in Abuja. NAN reports that
The naira dramatically recovered on Wednesday to 405 per dollar, less than 24 hours after the Central Bank of Nigeria
Lukman Otunuga, research analyst at FXTM, says the international community and local investors are still nursing “elevated expectations” that the
The Nigerian naira appreciated to 445 per dollar on Monday, as the Central Bank of Nigeria (CBN) pumped a total
The Greenback was under pressure during early trading on Wednesday as bears exploited the pre-FOMC jitters and anxiety to attack
Do not let the quiet session on Monday and early Tuesday fool you, volatility may be just around the corner.
Aminu Gwadabe, president, Association of bureau de change operators of Nigeria (ABCON), says the Central Bank of Nigeria (CBN) should
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