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Tag "Naira rate"

CBN: We’ve put policies in place to tackle naira depreciation

    CBN: We’ve put policies in place to tackle naira depreciation

The Central Bank of Nigeria (CBN) says it has established policies to address the persistent depreciation of the naira. The local currency currently exchanges N440/$1 at the official market but N751/1$

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NNPC Limited, interest rate decision… 7 things to track in business this week

    NNPC Limited, interest rate decision… 7 things to track in business this week

Here are the seven top business news you need to track this week — July 18 to July 22. NNPC RESTRUCTURES, GROUP GMD NOW GROUP CEO President Muhammadu Buhari will,

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Naira drops 0.3% to trade N607/$ at parallel market

    Naira drops 0.3% to trade N607/$ at parallel market

The naira, on Tuesday, depreciated further against the dollar at the parallel segment of the foreign exchange (FX) market. Bureaux De Change operators (BDCs), popularly known as ‘abokis’ quoted the

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Naira tumbles to N595/$ at parallel market as FX demand surges

    Naira tumbles to N595/$ at parallel market as FX demand surges

The naira, on Thursday, depreciated further against the dollar at the parallel section of the foreign exchange market. Bureaux De Change operators (BDCs), popularly known as ‘abokis’, who spoke to

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Naira appreciates 0.3% to N588/$1 at parallel market

  Naira appreciates 0.3% to N588/$1 at parallel market

Nigerian naira, on Thursday morning, appreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De

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Naira trades N575/$1 at parallel market as abokiFX clears forex information

  Naira trades N575/$1 at parallel market as abokiFX clears forex information

Bureaux De Change operators (BDCs), popularly known as ‘abokis’, on Monday quoted naira at N575 to the dollar at the

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Abuja banks set up FX desks, sell dollar at N412

  Abuja banks set up FX desks, sell dollar at N412

Commercial banks in Abuja have set up teller points for foreign exchange (FX) transactions in their branches in compliance with

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‘We’ve set up dedicated teller points for FX’ — banks notify customers

  ‘We’ve set up dedicated teller points for FX’ — banks notify customers

The Deposit Money Banks (DMBs) in the country said they have complied with directives of the Central Bank of Nigeria

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CBN directs banks to establish teller points for legitimate FX requests

  CBN directs banks to establish teller points for legitimate FX requests

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points to meet legitimate

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Naira hits N502/$1 at parallel market

  Naira hits N502/$1 at parallel market

The naira, on Friday, fell at the parallel market to N502 to the dollar as speculations continue to hamper forex

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