Tag: Dollar

Polio eradication campaign gets $2.6 bn boost

Abdul Jimoh- November 20, 2019

Countries and donors have pledged 2.6 billion U.S. dollars to eradicate polio worldwide. Nearly half of the fund has been donated by Bill and Melinda ... Read More

Yuletide: Naira will sustain stability, says BDC operator

Arowobusoye Samuel- December 23, 2018

(ABCON) has predicted that the Naira will sustain its stability as the nation’s foreign exchange market winds down for the Yuletide. Gwadabe told the News ... Read More

Naira Loses Marginally Against Dollar… See Latest Exchange Rate

admin- November 8, 2018

Naira The Naira on Wednesday lost marginally against the dollar at the investors’ window. It exchanged at N363.58, weaker than N363.54 traded on Tuesday. Investors ... Read More

CBN Fines 4 Banks Over Foreign Exchange illegality

Henry Solomon- August 30, 2018

The Central Bank of Nigeria (CBN) on Wednesday imposed an N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged irregularities ... Read More

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

Naira Appreciates Against Dollar At Parallel Market

Abdul Jimoh- May 15, 2018

The Naira on Tuesday gained 2.3 points to appreciate against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. ... Read More

Samson of Masaka Residence in Nasarawa State Specializes in Fake Dollar Notes

Tanimu- April 10, 2018

The Economic and Financial Crimes Commission, EFCC, on Saturday, April 7, 2018 arrested a suspected fraudster, one Samson Otuedon, at Masaka, Karu Local Government Area ... Read More

Apex Bank Injects into Forex Market to Boost Activi

Tanimu- March 6, 2018

Olalekan Ajayi, Abuja: The Central Bank of Nigeria (CBN) on Tuesday, March 6, 2018 gave a boost of $210 million to the interbank foreign exchange ... 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

Naira Suffers Marginal Loss Against Dollar

Henry Solomon- July 7, 2017

The Naira on Friday suffered marginal loss against the dollar at the parallel market in spite of CBN’s intervention at the foreign exchange market. Reports ... Read More

Financial Expert Predicts Further Appreciation Of The Naira

Henry Solomon- April 4, 2017

Prof. Uche Uwaleke, a financial expert, has predicted a further decrease in the rate of inflation and appreciation of the Naira for March 2017 as ... Read More

ABCON President Explains Why Naira Falls Despite CBN’s Recovery Measures

Henry Solomon- April 1, 2017

Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON), has blamed the recent depreciation of naira on the speculators’ onslaught ... Read More

Naira gains ground as CBN pumps $195m

Abdul Jimoh- March 15, 2017

CBN Governor, Godwin Emefiele Pumps 195m Into The Market NAN, Abuja; The Central Bank of Nigeria (CBN) on Tuesday sustained the supply of foreign exchange ... Read More

FOREX: Banks seek customers to buy surplus foreign currencies

inno.korie- March 13, 2017

Banks are seeking customers to buy surplus foreign currencies they hold following the flooding of the banks with dollars by the Central Bank of Nigeria ... Read More

CBN Revealed The Secret Behind Nigeria Naira Waxing Stronger

Arowobusoye Samuel- March 3, 2017

By Racheal Ishaya (NAN): The Central Bank of Nigeria (CBN) said the recent appreciation of the Naira against other currencies was the result of its market ... Read More

News Summary 01/03/2017; OPEC Commends Oil/Gas Reforms

Abdul Jimoh- March 1, 2017

OPEC Commends Oil/Gas Reforms The reforms captured in the seven Big wins of the ministry of petroleum Resources are commendable and Must be sustained as ... Read More

ONSA Cash: I Acted Under Badeh’s Instructions, Faleke Insists

Arowobusoye Samuel- November 3, 2016

The trial of a former Chief of Defence Staff, Air Chief Marshal Alex Badeh and Iyalikam Nigeria Limited, continued on Thursday, November 3, 2016 before ... Read More

British Pound Falls Below Dollar After 31 Years

Henry Solomon- October 6, 2016

Britain's pound sterling dips below the dollar on Wednesday Britain’s pound has experienced a fall below dollar for the first time since June 1985, the ... Read More

Dangote Africa’s Richest Drops $3.7bn As Naira Tumbles

Arowobusoye Samuel- June 21, 2016

Nigerian billionaire Aliko Dangote, Africa’s richest person, fell 25 places on the Bloomberg Billionaires Index on Monday as the naira tumbled on its first day ... Read More

How The CBN Naira-Settled OTC FX Futures Market Will Work

admin- June 17, 2016

Headquarter, Central Bank of Nigeria, Abuja, Nigeria. The proposed Naira-settled OTC FX Futures are Non-Deliverable Forwards. (i.e. a contract where parties agree to an exchange rate ... Read More