CBN Policies Making Nigerians Dump US Dollar — BDC Chief, Gwadabe
A potpourri of effusive accolades and slight skepticism have been poured on the Central Bank of Nigeria (CBN) in the past few days over the sudden appreciation of the Nigerian…
Naira Lost 7.6% after CBN Gives Notice on FX Inflows
Naira Lost 7.6% after CBN Gives Notice on FX Inflows The naira recorded large daily depreciation at the Nigeria autonomous foreign exchange window amidst expectation that the apex bank would…
Naira depreciates to N1,140/$ in parallel market
The Naira on Friday, April 19, depreciated to N1,140 per dollar in the parallel market, from N1,060 per dollar recorded on Thursday, April 18. The Naira also depreciated in the…
Naira Heads for Best Run, Official Rate Gains 6.6%
Naira Heads for Best Run, Official Rate Gains 6.6% The Nigerian naira roared against the dominant US dollar in the forex market to settle at N1, 072. The local currency…
Naira Skids as FX Turnover, External Reserve Decline
Naira Skids as FX Turnover, External Reserve Decline The Nigerian local currency, the Naira, depreciated first time in weeks following a sharp declined forex turnover at the Nigerian autonomous foreign…
Nigerian Exchange Bleeds, Investors Lose N1.113Trn
Nigerian Exchange Bleeds, Investors Lose N1.113Trn The Nigerian Exchange (NGX) all share index (ASI) sank below 100,000 points psychological levels as selling spree ravaged the local bourse. Equities market capitalisation…
What Tinubu Did That Made The Naira Appreciate – House Of Rep Candidate, Nwosu
A House of Representatives candidate in the 2023 general election, Obinna Nwosu, has shared his thoughts on the reason the naira has steadily been appreciating over the past few weeks.…
Naira Records Gain, BDCs Sell US Dollar at N1,050
Naira Records Gain, BDCs Sell US Dollar at N1,050 The naira recorded another gain against the US dollar in the forex market on Monday. However, the exchange rate recovery appeared…
Nigerian Currency Sustains Upward Trend, Nears N1,050/$1 At Parallel Market
The naira has continued its resurgence against the United States dollar, appreciating N1,136/$ at the official market and N1,050/$ at the parallel market at the close of trading activities on…
Naira Appreciation Faster Than Expected, Say BDC Operators
The Association of the Bureau De Change Operators of Nigeria (ABCON) says the Nigerian currency Naira has appreciated faster than expected against the United States’ Dollar. The President of the…