Main Menu

Tag: nigerian naira

Naira AN351 Against Dollar At Forex In One Month

Nigerian Naira vs US Dollars
The Nigerian national currency, Naira, appreciated N351.12 against the US Dollar in the foreign exchange market in the last one month. This is according to FMDQ data on the dollarRead More

Naira Sustains Gains, Now N1,382/$, Tinubu Canvasses Patronage Of Local Goods

Nigerian Naira vs US Dollars
In a significant turn of events, the Naira has maintained an upswing against the United States Dollar as it closed at N1,382/$ on the official NAFEM window, as against theRead More

In Break With Buhari, Osinbajo Wants Naira Devalued To Market Rates

Vice President Yemi Osinbajo
Analysts urge caution, say local production, exports way out of FX crisis Adesina: $15bn annual investment required to bridge infrastructure gap The retreat provided a platform for both Osinbajo andRead More

Naira Weakens To Lowest In Three Years

Naira exchange rate
Nigerian Naira yesterday weakened to the lowest in over three years in the parallel market, due to increased demand for US Dollars, amid foreign currency shortages. The local currency depreciatedRead More

Naira Set To Gain As CBN Resumes Forex Sales

Naira exchange rate
Forex sales’ resumption to Bureau De Change operators by the Central Bank of Nigeria will strengthen the exchange rate of Naira to US Dollar, according to BDC operators. In aRead More

Naira Appreciates Further At Parallel Market

Naira exchange rate
The Nigerian Naira strengthened to N440 to a dollar at the parallel market on Tuesday, compared with the N465 to a US Dollar it was the previous day. The NairaRead More

Naira Trades At N381 To 1 US Dollar – Reuters

Nigeria Naira vs the US Dollar
The Nigerian Naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified the country’s multiple exchangeRead More

Firms Expect Further Naira Depreciation, US Dollar Sells For N440

Naira exchange rate
A report by the Central Bank of Nigeria has said that business organisations in the country expect the Naira to depreciate further in the next few months. The US DollarRead More

Rohr Accepts New Two-Year Deal To Coach Eagles

Super Eagles coach, Gernot Rohr
Super Eagles coach, Gernot Rohr, on Wednesday, May 20th, 2020 agreed to terms of a new two-year contract sent to him by the Nigeria Football Federation (NFF). A member ofRead More

CBN Devalues Naira As Market Defies Interventions

Naira exchange rate
The Central Bank of Nigeria has technically devalued the Naira to exchange to the dollar at N380, as market continues to defy all interventions. The apex bank took this decisionRead More