The Naira maintained N360 to the dollar at the parallel market on Monday in Lagos. The Nigerian currency had been trading at N360 to the Dollar for four days running, while the Pound Sterling and the Euro closed at N486 and N420, respectively. Trading at the investors’ window saw the naira close at N361.40 with […]
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The Naira on Friday remained stable at the parallel market in Lagos, exchanging at N360 to the dollar, the News Agency of Nigeria(NAN) reports. The Nigerian currency had traded at same rate for the past two days, while the Pound Sterling and the Euro closed at N480 and N421 respectively. At the Bureau De Change […]
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The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N361 to the dollar, stronger than the N361.50 traded on Tuesday, while the Pound Sterling and the Euro closed at N488 and N423, respectively. At […]
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Nigeria’s external reserves has hit $40.4 billion – its highest level since October 2014. This represents an increase of about $1 billion between December 2017 and January 2018. Isaac Okorafor, spokesman of the Central Bank of Nigeria (CBN), disclosed this in a statement on Monday. He said the new figure makes true, the projection which […]
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The Naira on Wednesday exchanged at N361.50 to the dollar at the parallel market, maintaining same rate for the past one-week. Also, the Pound Sterling and the Euro traded at N475 and N425, respectively. At the Bureau De Change, BDC, window, the naira was sold at N361.50, while the Pound Sterling and the Euro closed […]
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The Central Bank of Nigeria (CBN) has injected $142.5 million into the inter-bank foreign exchange, days after intervening in the retail segment of the market with $254.3 million. The spokesperson of the apex bank, Mr Isaac Okorafor, in a statement, said on Monday that CBN would continue to carry out its regular mediation in the […]
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The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million in the first trading day after the democracy day celebrations. This is coming at a time when the country’s reserves is experiencing a steady and gradual decline. A statement issued by Isaac Okorafor, acting director, CBN […]
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The naira on Monday stabilised against the dollar at the parallel market, the News Agency of Nigeria, NAN, reports. The Nigerian currency traded between N380 (buying rate) to N385 (selling rate) on Monday afternoon, maintaining the same rate as at Friday. The naira closed at N495 to pound sterling and N415 to Euro at the […]
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The Naira on Thursday strengthened against the dollar in all the major segments of the market. At the parallel market, the Nigerian currency gained five points to exchange at N385 to the Dollar from the N390 recorded on Wednesday. The Pound Sterling and the Euro traded at N495 and N410, respectively. At the Bureau De […]
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The value of the dollar continued to diminish against the naira as the Nigerian currency was traded at N390 at the parallel market on Thursday in Abuja. The News Agency of Nigeria reports that the Naira had also appreciated against the Euro, exchanging at N400 while remaining stable against the Pound Sterling at N465. The […]
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