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Tag "naira"

High cost ‘stops’ CBN from printing small naira denominations

    High cost ‘stops’ CBN from printing small naira denominations

The Central Bank of Nigeria (CBN) has not printed the small naira denominations for about a year, causing the scarcity of the notes in the economy, NAN is reporting. NAN

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From 268/$ in 2015, naira trades at 494/$ on Christmas Day

    From 268/$ in 2015, naira trades at 494/$ on Christmas Day

The Nigerian naira is currently trading at 494 to a dollar, from N268 to a single dollar on December 25, 2015. Over the year, the naira has a seen drastic

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Naira sinks to 490/$ amid CBN’s ‘plan to wipe out black market’

    Naira sinks to 490/$ amid CBN’s ‘plan to wipe out black market’

The Central Bank of Nigeria (CBN) is seeking to ensure there is no black market as the naira sinks to 490 to a single dollar. On Wednesday, the naira was

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Foreign reserves hit $25bn – first time in five months

    Foreign reserves hit $25bn – first time in five months

Nigeria’s foreign exchange reserves is back at the $25 billion mark, for the first time in five months. The reserves, which shows the state of the country’s financial funds in

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Naira suffers as US Fed hikes rate for the 2nd time in 10 years

  Naira suffers as US Fed hikes rate for the 2nd time in 10 years

For the very first time in 2017 and the second time in a decade, the United States Federal Reserve on

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Naira takes a fall again, trades at 485/$1, 600/£1

  Naira takes a fall again, trades at 485/$1, 600/£1

The naira took a fall again on Monday, as it slid to 485 against the dollar and 600 against the

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Naira sinks to 480/$1 as scarcity returns

  Naira sinks to 480/$1 as scarcity returns

The Nigerian naira on Tuesday sank to 480/$1 as fresh forex scarcity hit the parallel market. The depreciating naira also

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Banks no longer sell dollars to us, Abuja BDCs lament

  Banks no longer sell dollars to us, Abuja BDCs lament

Bureau de change (BDC) operators in Abuja, Nigeria’s capital city, say commercial banks within the country have been unable to provide

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Nigeria remains exposed to external risks  

  Nigeria remains exposed to external risks  

Investor’s sentiment towards the largest economy in Africa was dealt a sharp blow in November following its disappointing third quarter

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CBN injects $867m as dollar scarcity pushes naira to 473

  CBN injects $867m as dollar scarcity pushes naira to 473

The Central Bank of Nigeria (CBN) has given access to about 7,792 requests for foreign exchange valued at over $867

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