Tag: Naira

Naira strengthens against dollar

Suleiman Idris- August 19, 2020

Barely 24 hours the Naira was forced to a downward trajectory by dollar scarcity, it bounced back, closing at N477 to a dollar at the ... 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

Hajj 2018: Black Market Operators Besiege Nigerian Pilgrims For Forex

Abdul Jimoh- July 26, 2018

Foreign exchange black market operators are making a brisk business from Nigerian pilgrims in Madinah, since the arrival of the first batch from Kogi for ... 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 Depreciates Against Dollar At Parallel Market

Abdul Jimoh- May 18, 2018

The Naira on Friday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency lost ... 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

Naira Remains Strong as Central Bank Pumps in $195m

Tanimu- November 14, 2017

Olalekan Ajayi, Abuja: The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank 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 Rebounds Against Dollar At Parallel Market

Abdul Jimoh- July 24, 2017

Naira Rebounds Against Dollar At Parallel Market The Naira on Monday regained strength against the dollar at the parallel market, the News Agency of Nigeria ... 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

Progress in Buhari’s Economic Plan Vice President Osinbajo Assures Nigerians- “There Is Light at The End of The Tunnel”

Arowobusoye Samuel- May 3, 2017

FULL SPEECH DETAILING PROGRESS IN BUHARI’S ECONOMIC PLAN VICE PRESIDENT OSINBAJO ASSURES NIGERIANS- “THERE IS LIGHT AT THE END OF THE TUNNEL” SPEECH DELIVERED BY ... Read More

Naira gains five points against the dollar

inno.korie- April 20, 2017

The Naira on Thursday strengthened against the dollar in all the major segments of the market, the News Agency of Nigeria (NAN) reports. At the ... 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

Update on FOREX Market As Central Bank Offered $100m To Dealers

Tanimu- March 26, 2017

Olalekan Ajayi, Abuja: Following Thursday’s FOREX wholesale auction, the Central Bank of Nigeria (CBN) on Friday, March 24, 2017, concluded transactions on the sum of ... Read More

Naira Gains Against Dollar Again

Abdul Jimoh- March 22, 2017

Naira Gains Against Dollar NAN, Abuja; The continuous Central Bank of Nigeria’s (CBN) intervention in foreign exchange (forex), has caused the Naira to hit the ... Read More

FG Will Protect, Reward Whistle-blowers – Minister

Suleiman Idris- March 19, 2017

The Federal Government will protect and reward whistle-blowers who provide information that leads to the recovery of stolen funds or assets, the Minister of Information ... Read More