Tuesday, April 30, 2024
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Tag "naira"

Naira loses more ground on the dollar, trades at N347

    Naira loses more ground on the dollar, trades at N347

The Naira on Monday depreciated further against the dollar at the parallel market, losing N2 to exchange at N347 to the US currency. The currency had traded at N345 to

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Parallel market immune to Brexit as pound trades at N485

    Parallel market immune to Brexit as pound trades at N485

The Nigerian parallel market is perhaps the only market in the world to be unperturbed by all the drama in the United Kingdom, Europe, and the rest of the world.

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Stronger naira, cheaper master’s degrees, Trump… 7 possible consequences of Brexit

    Stronger naira, cheaper master’s degrees, Trump… 7 possible consequences of Brexit

Against the grain, the UK  voted to leave the European Union on June 23, 2016, and saw the crash of the British pound to 31-year low, and spiralling frenzy in

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One year later, CBN forex ban still ‘hurting’ these 41 items

    One year later, CBN forex ban still ‘hurting’ these 41 items

Exactly one year ago – June 23, 2015 – The Central Bank of Nigeria (CBN) released a circular, listing 41 items as not valid for foreign exchange (forex) through the

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For the first time in new regime, naira gains at interbank market

  For the first time in new regime, naira gains at interbank market

The Nigerian naira appreciated at the interbank market on Wednesday, making its first daily rise since the start of the

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BDCs: We’ll close the FX gap if CBN brings us in

  BDCs: We’ll close the FX gap if CBN brings us in

Aminu Gwadabe, president of the Association of Bureau de Change Operators of Nigeria (ABCON), On Wednesday said the BDC will

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NSE gains N224bn to hit fresh 2016 high

  NSE gains N224bn to hit fresh 2016 high

The Nigerian Stock Exchange (NSE) surged noticeably on Tuesday, hitting a fresh 2016 high after the jitters of the first

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Naira stable at 283 as drama continues at parallel market

  Naira stable at 283 as drama continues at parallel market

The Nigerian naira has attained apparent stability at the interbank market, trading at N283 for the better part of Tuesday.

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CBN sells $4.02bn, clears forex demand backlog

  CBN sells $4.02bn, clears forex demand backlog

The Central Bank of Nigeria (CBN) has cleared the existing foreign exchange demand to allow the naira effectively reflect market

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EVENING UPDATE: Naira down to 283 as CBN sells FX to 21 banks

  EVENING UPDATE: Naira down to 283 as CBN sells FX to 21 banks

The Nigerian naira plunged to 280 against the dollar at the interbank market on Monday evening as the Central Bank

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