Tag: DOLLAR
Dollar set to crash further as CBN pumps additional $180m
In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m...
Naira appreciates further at parallel market
The naira on Thursday consolidated its gains against the dollar at the parallel market, few days after the Central Bank of Nigeria (CBN) announced...
Naira strengthens against dollar
The naira on Friday strengthened against the dollar in all segments of the foreign exchange market.
At the interbank market, the currency gained N1.45 to...
Naira sold at 436 to one dollar
The Naira on Thursday crashed further against the major currencies in all the segments of the market, the News Agency of Nigeria reports.
At the...
Naira at record closing low as dollar shortages linger
The naira was stuck at a record closing low of 292.90 to the dollar on Wednesday after just one transaction was carried out, with...
Naira plummets as currency floats for first time
The naira plunged 40 percent in value on Monday after the Federal Government allowed the currency to float, with businesses welcoming the move as...
IMF hails Nigeria’s decision to end currency peg
The International Monetary Fund (IMF) said on Thursday it welcomed the decision by the Central Bank of Nigeria (CBN) to abandon its currency peg...
Naira falls to 367 as dollar scarcity hits black market
The naira was quoted at 367 on the black market on Wednesday, down 1.6 percent against the dollar as delays by the Central Bank...
Naira maintains value to dollar at parallel market
The naira on Tuesday traded at N350 to the dollar, maintaining its value since Friday.
It, however, weakened further against the pound sterling.
The naira exchanged...
Naira sells for N370 to a dollar at parallel market
The Naira appreciated by N20 on Monday, exchanging for N370 to the dollar at the parallel market.
It sold at N390 to one dollar on...