Tag: naira to dollar

Exchange Rate Latest: Naira Makes New Gains Against The Dollar

Arowobusoye Samuel- May 4, 2017

Fabian Ekeruche, NAN: The naira on Thursday appreciated marginally against the dollar at the parallel market at N390 to the dollar, according to NAN reports. ... Read More

Naira makes New Gains in the Battle Against the Dollar

Arowobusoye Samuel- April 21, 2017

The continuous flooding of the foreign exchange market with dollars has crashed the currency against the local currency, Naira. The Naira firmed up at the ... Read More

Dollar Loses To The Naira, Closed at 398 Naira to Dollar

Arowobusoye Samuel- April 19, 2017

Fabian Ekeruche: The Naira firmed against the US dollar at the parallel market on Tuesday, closing at N398 to the dollar, as the Central Bank ... Read More

Central Bank Outlines A Bigger Long-term Fight Against Low Naira to Dollar

Arowobusoye Samuel- April 9, 2017

The Central Bank of Nigeria (CBN) has auctioned $418 million at a marginal rate of 310 Naira to dollar, to airlines, agriculture, petroleum and raw ... Read More

Central Bank: ”It is not true that CBN allocates dollars”

Arowobusoye Samuel- December 4, 2016

CBN Headquarters The Central Bank of Nigeria (CBN) has denied reports from some quarters that it allocates dollars unilaterally. A statement by Mr Isaac Okoroafor, ... Read More

Nigeria economy loses First Place in Africa to South Africa, Temporarily

Arowobusoye Samuel- August 10, 2016

Roro Port, Nigerian Port Authority (Photo: Sun News) According to Reports from Bloomberg and IMF today, South Africa’s economy has regained the position of Africa’s ... 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

FEATURED: The Common Man’s Guide To The New CBN Forex Policy, As Explained By A Local Butcher

Arowobusoye Samuel- June 18, 2016

Last week the CBN through its Governor, Godwin Emefiele, released new guidelines for exchange rate policy for Nigeria. We saw words like "float", "market-driven", "More ... Read More

CBN Introduces More Flexibility in Nigeria’s Exchange-rate Policy

Arowobusoye Samuel- June 15, 2016

Headquarter, Central Bank of Nigeria, Abuja, Nigeria. Governor of the Central Bank of Nigeria, Godwin Emefiele, at an address titled "Framework for Re-introduction of Managed ... 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