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Tag: Naira and Dollar

Naira gains against the dollar at parallel market

March 7, 2017Ayo Olowo

The dollar on Monday crashed against the Naira, as the Nigerian currency gained 5 points at the parallel market against the greenback. The Naira traded at N460 to a dollar, after speculators had forced it 3 points down amid liquidity boost on Friday. However, the Naira weakened against the Pound Sterling but maintained its Euro […]

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Naira appreciates against dollar, as NSE market capitalisation increases

May 17, 2016Ayo Olowo

The Nigerian Naira on Monday appreciated by 4.4 per cent against the U.S. dollar at the parallel market, gaining N16 from its Friday rate. Although the official exchange rate by the Central Bank of Nigeria, CBN remained at N197 – N199 band, the Naira exchanged for N345 to the dollar on Monday from about N361 […]

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