The Naira on Monday appreciated at the parallel market after a two-week losing streak. The currency gained three points to exchange at N490, from N493 it posted last Friday, while the pound sterling and the euro traded at N600 and N506, respectively. At the bureau de change window, the naira closed at N399, the CBN […]
Continue ReadingThe Naira on Monday in Lagos appreciated marginally against the dollar at the parallel market, gaining N2, the News Agency of Nigeria reports. The currency exchanged at N468 to the dollar as against N470 it traded on Friday. The Pound Sterling and the Euro closed at N565 and 510, respectively. At the interbank market, however, […]
Continue ReadingThe Nigerian currency, the Naira is inching towards the N280 to the dollar opening rate at the Financial Markets Dealers Qoute (FMDQ).The naira on Wednesday closed at N304.75 to the dollar at the official interbank market from N305 recorded on Tuesday. At the Bureau De Change (BDC) window, the naira exchanged at N385 to the dollar, […]
Continue ReadingThe Naira on Friday appreciated against the dollar at the interbank market, after sustaining losses for two days, the News Agency of Nigeria (NAN) reports.The Nigerian currency gained N5.28 to close at N307.79 from N313.07 posted on Thursday. Trading at the Bureau De Change (BDC) segment of the market showed that the Naira exchanged at […]
Continue ReadingThe Naira on Monday remained stable at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency maintained N378 to the dollar at the close of trading on Monday afternoon, keeping same value as at Friday. Also, the naira maintained N495 to the Pound Sterling, but weakened further against the Euro, exchanging […]
Continue ReadingCEO of Honeywell Flour Mills, Babatunde Odunayo, has stated that many companies in Nigeria will begin to shut down over the next four to six weeks. In an interview with CNBC Africa, he revealed that it was not the best time for anyone to be president of Nigeria, adding that devaluation would be harmful to […]
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BY AYO OLOWO The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has ruled out the possibility of devaluing the naira, following the recent pressure on the national currency from the foreign exchange market. The Governor of the CBN), Mr. Godwin Emefiele, told journalists on Friday after the MPC meeting in Abuja […]
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