MARKET UPDATE
Advertisement Topt

TheCable

Tag "dollar"

Naira appreciates to N993/$ at parallel market as demand moderates

    Naira appreciates to N993/$ at parallel market as demand moderates

The naira, on Monday, appreciated at the parallel market to trade at N993 per dollar. The figure signifies an appreciation of N2 or 0.20 percent from the N995 it traded

0 comment Read Full Article

FAKE NEWS ALERT: CBN denies ‘policy’ to crash exchange rate to N1.25/$

    FAKE NEWS ALERT: CBN denies ‘policy’ to crash exchange rate to N1.25/$

The Central Bank of Nigeria (CBN) says it is not planning to introduce a new naira policy that will crash the dollar exchange rate to N1.25 kobo. On Wednesday, a

0 comment Read Full Article

Here is what the return of BDCs means for the naira

    Here is what the return of BDCs means for the naira

As I like to say, Nigeria is on autoreplay; what happened 10 years ago also happened four years ago, and will also resurface tomorrow. Round and round, the naira story

0 comment Read Full Article

CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

    CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

The Central Bank of Nigeria (CBN) has released fresh operational mechanisms for the sale of forex by Bureau De Change (BDCs) operators within the country.  This is coming 25 months

0 comment Read Full Article

Naira float: How to stop the local currency from drowning us all

  Naira float: How to stop the local currency from drowning us all

Resolved. There are smarter people in government than ‘Mayowa Tijani; these people have the answers to the economic challenges the

0 comment Read Full Article

Naira gains marginally, trades N741/$ at I&E window

  Naira gains marginally, trades N741/$ at I&E window

The naira, on Monday, closed at N741.50 per dollar at the investors and exporters (I&E) window. The foreign exchange (FX)

0 comment Read Full Article

Why do we still have multiple naira-dollar exchange rates?

  Why do we still have multiple naira-dollar exchange rates?

As of Monday night, the Central Bank of Nigeria (CBN) was quoting 589.45 naira per dollar on its website. At

0 comment Read Full Article

I&E window: $78m FX deals recorded as naira closes at 770/$

  I&E window: $78m FX deals recorded as naira closes at 770/$

Nigeria’s legal tender, the naira, closed at N770 per dollar at the investors and exporters (I&E) window on Monday, beginning

0 comment Read Full Article

Naira appreciates, closes at 663/$ at I&E window

  Naira appreciates, closes at 663/$ at I&E window

The Nigerian naira has closed at N663 to the dollar at the Investors and Exporters (I&E) window after what has

0 comment Read Full Article

Naira hits 791/$, then closes at 702/$ — 24 hours after float

  Naira hits 791/$, then closes at 702/$ — 24 hours after float

The Nigerian naira traded as high as 790 to the dollar at the investors and exporters (I&E) window on Thursday

0 comment Read Full Article
error: Content is protected from copying.