Tag: Currency

Naira Steps Up Against Dollar at Parallel Market

Henry Solomon- June 13, 2018

The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos. The Nigerian currency exchanged at N361 to ... Read More

CBN Signs Currency Swap Agreement with China

AMT Tanimu- May 3, 2018

The Central Bank of Nigeria, CBN, has announced the execution of a bilateral currency swap agreement with the Peoples Bank of China, PBoC. The Governor ... Read More

Central Bank of Nigeria Injects Dollars into Forex Market

AMT Tanimu- October 4, 2017

Olalekan Ajayi, Abuja: The Central Bank of Nigeria (CBN), in continuation of its efforts to sustain FOREX liquidity in the country, on Tuesday, October 3, ... Read More

Naira, On Monday Remains Stable At The Parallel Market

Henry Solomon- August 28, 2017

The Naira on Monday remained stable at the parallel market, exchanging at N367 to a dollar. The Nigerian currency maintained its Friday rate, while the ... Read More

Nigeria’s FOREX Reserves Hit $30b

Arowobusoye Samuel- March 13, 2017

NAN: Nigeria’s foreign exchange (FOREX) reserves rose above $30 billion as of March 8 to its highest level since October 2015, central bank data showed on ... Read More

Travelers get dollar for N356 At MMIA

editor- October 7, 2016

  NAN; Travelex, a global foreign exchange dealer, on Friday resumed sale of dollars directly to travelers at N356 to a dollar. The News Agency ... Read More

Brexit: What It Entails For The Rest Of Europe And Africa

Henry Solomon- June 27, 2016

23rd Of June 2016 will definitely go down in the history of Europe as the day Britain voted out Of the European Union. Well this ... Read More

Naira/Chinese Yuan Swap Will Boost Economy – Bureau De Change

Henry Solomon- April 16, 2016

Alhaji Ibrahim Yelwa, a bureau de change operator in Sokoto, says the recent currency swap agreement between Nigeria and China will boost bilateral trade between ... Read More

Buhari, Emefiele Sign Currency Deal With China, an Act to Crash Dependence on The US Dollar

Arowobusoye Samuel- April 13, 2016

President Muhammadu Buhari and Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele moved closer to actualizing their promise to strengthen the naira against the ... Read More

Naira Maintains Exchange Rate At N322 to Dollar In 2 Days, Highest In 3 Months

Henry Solomon- March 30, 2016

The Naira maintained its exchange rate at N322 to a dollar 2 days after Easter break. It also remained firm against the two other major currencies, ... Read More

Kachikwu Forecasts Zero Fuel Subsidy in 2016

Arowobusoye Samuel- February 19, 2016

….UNN Vice-Chancellor says, Kachikwu, Our Pride, Our Beacon Dr. Ibe Kachikwu delivering lecture at the UNN 45th Convocation The Honourable Minister of State for Petroleum ... Read More

President Jonathan Unveils Commemorative N100 Banknote

AMT Tanimu- November 12, 2014

New N100 Naira Note The President, Dr. Goodluck Ebele Jonathan, GCFR, formally unveiled the redesigned commemorative N100 banknote today, Wednesday, November 12, 2014, at the ... Read More