The difference between the official exchange rate of naira to the U.S. dollar and that of the parallel market tightened to its smallest in three weeks,...
Naira strengthened on black market on Tuesday, exchanging at N490 for the United States dollar, following an announcement of the Central Bank of Nigeria (CBN), permitting...
The Central Bank of Nigeria (CBN) has weakened the local currency for the third time in 2020, while striving to curb dollar demand in the face...
Naira weakened against the United States dollar on Monday on the over-the-counter spot market segment of the currency market, called the Investors and Exporters (I&E) forex...
Naira depreciated further against the United States dollar on Wednesday on the black market, exchanging at N478 as the momentum of increasing demand from traders and...
Naira weakened against the United States dollar on Wednesday at the parallel market, closing at N464, 0.23% lower than the N463 it exchanged for at the...
Naira depreciated against the United States dollar at various segments of the foreign exchange market on Monday. The local currency closed at N460 to a dollar...
Naira fell against the United States’ dollar on the parallel market on Wednesday, closing at N445, according to data from abokiFX, which collates rates from informal...
The inflow of foreign exchange into Nigeria shrank by 43.2% to $5.52 billion in May as Africa’s biggest economy took a battering from a record crash...
Naira declined to N445 to the United States dollar on the black market on Monday, the same day Bureaux De Change (BDCs) resumed operations following sales...
The naira continued its rally against the United States dollar on Wednesday, exchanging at N420 per dollar as the central bank’s interventions in the currency market...
Naira appreciated against the United States Dollar on the parallel market on Monday, having stagnated at N477 against the greenback for some days. The local currency...
Nigeria’s foreign reserves increased by $70 million from $35.59 billion to $35.66 billion in the one week period between 20th and 27th August, data from the...
The naira depreciated by 1.3% against the United States dollar on the official market on Friday, one day after the Central Bank of Nigeria (CBN) announced...
Naira appreciated against the United States dollar on the black market on Wednesday, exchanging for N477/$1. The exchange rate at the previous session had stood at...
Naira fell by 1.04% on Tuesday to a new low of N480 against the United States dollar on the black market following government’s declaration of its...
Nigeria’s perennial foreign exchange shortage is squeezing life out of Africa’s largest economy, Bloomberg reported on Monday. Banks won’t honour card payments, foreign investors can’t get...
The naira closed stronger against the United States dollar at the over-the-counter spot market also called the Investors and Exporters (I&E) window on Monday, exchanging at...
Nigeria’s aspiration of harmonising its various exchange rates has been brightened by the recent modification of the Central Bank of Nigeria (CBN)’s spot exchange rate, data...
Naira weakened against the United States dollar across foreign exchange market segments on Tuesday as Nigeria confronts an enduring liquidity crunch that had seen its foreign...
Naira appreciated against the United States dollar on Monday on the over-the-counter spot market used by investors and exporters as well as at the black market...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Naira inched higher against the United States dollar on Thursday at the over-the-counter spot market widely used by investors, closing at N388, 0.07% or 17 kobo...
The rate of exchange of naira to the United States dollar remained immobile for three days in a row Wednesday at the black market, data from abokiFX.com showed,...
Naira hovered at the rate of 472 to the United States dollar on the parallel market on Tuesday, the same rate it sold for the session...
It is probable that the naira will stay under sustained pressure from the United States dollar on the parallel market in the week ahead as demand...
The exchange rate of naira closed at N470 to the United States’ dollar at the unofficial parallel market on Wednesday, signalling a 1.1% markdown from that...
The rates of exchange of the naira to the United States dollar remained unchanged across various segments of the foreign exchange markets on Tuesday in spite...
Naira strengthened marginally against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, closing at N386 to...
Naira weakened against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, falling to N386.50 a dollar....
Nigeria’s currency, the Naira advanced against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Wednesday, rising to...
Naira made a rally against the U.S. dollar at the parallel market segment of the foreign exchange (forex) market on Tuesday. Market data obtained from exchange...
Naira weakened against the U.S. dollar on Monday at the Investors and Exporters (I&E) window of the foreign exchange (forex) market, crumbling to N387.33 at the...
Nigeria’s currency, the Naira advanced 2.2% against the American dollar on Monday at the black market segment of the currency market, exchanging at N440 for the...
Naira traded at N460 to the U.S. dollar on the parallel market Thursday, having stayed at the same rate of exchange for two days without budging,...
Traders in the black market segment of the Nigerian foreign exchange (forex) market are battling the most severe crunch so far this year as the recovery...
The Naira may continue losing value at the parallel market segment of the currency market as demand for dollar intensifies from accumulation of past foreign exchange...
The Naira strengthened against the U.S. dollar at the Investors and Exporters window on Monday, appreciating by 31 kobo over the rate at which it traded...
The Naira shed value against the dollar at the parallel market on Friday, going down by 1.83% after trading without budging at the last two previous...
The U.S. dollar sold for N450 at the parallel market last Friday, having depreciated by 4.6% or N20 compared to the value at which it closed...
The Naira exchanged for N412 per dollar on Monday at the Bureau De Change (BDC), shedding N10 in one day after selling for N402 last Friday. The...
The exchange rates of the US Dollar hovered between N365 and N369 at the Bureau de Change segment of the market on Tuesday. Owing to the...
The Naira slumped in value against the dollar on Thursday, exchanging for between N405 and N420 at Bureaux De Change (BDC) in the country. The persistent...
The Central Bank of Nigeria’s (CBN’s) fourth quarter economic report has revealed that about $39.9 billion was injected into the foreign exchange market to defend the...
The Naira made a modest gain of 50 kobo against the US dollar to close at N360 on Monday. The British Pound Sterling sold at N472...
Although it pegged the exchange rate at N305 to $1, the Senate, on Thursday instructed the Federal Government to peg the exchange rate to Nigerians embarking...
Pressure on commercial banks in Nigeria to meet obligations on foreign exchange purchase on Friday raised the interbank lending rate by 20 per cent, hitting 70...
The recent move of the Central Bank of Nigeria (CBN) to frequently pump in foreign exchange into the Nigerian market seems to be paying off even...
For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos...
In its bid to ensure that dollar currency is made available to vital sectors of the economy, the Central Bank of Nigeria (CBN) has concluded plans...