The naira appreciated significantly against the dollar on Wednesday to trade at N410 to the dollar.…
Tag: Naira
Black market operators lose as naira trades at N400/dollar
Following the Central Bank of Nigeria (CBN) intervention in foreign exchange, the Naira traded N400 to…
Nigeria naira at six-month high on black market, traders say
The Nigerian naira gained 1.1 percent to a six-month high of 430 per dollar on the…
Naira continues to appreciate against dollar
The Naira has continued to appreciate against the dollar at the parallel market. The Nigerian currency…
Nigeria central bank keeps rates on hold, sees naira rate improving
Nigeria’s central bank kept the main interest rate at 14 percent as expected on Tuesday and…
Naira to sell at N415/$ as CBN sustains intervention – ABCON
The naira will trade at N415 to a dollar as the series of intervention by the…
Naira appreciates in all segments of FOREX market
The Naira on Monday appreciated in all the major segments of the foreign exchange market, newsmen…
Without devaluation or free-float, naira gain ‘just a stop-gap’
The drastic appreciation of the naira must be supported with devaluation or proper free-float of the…
CBN to auction $100 mln in currency forwards
The Central Bank of Nigeria (CBN) said on Monday it will auction $100 million in forward contracts…
NAGAFF advises CBN to introduce more interventions to strengthen naira
The National Association of Government Approved Freight Forwarders (NAGAFF) on Monday advised the Central Bank of…
Hijackers hit tanker escort’s head with hammer, divert multi-million naira product
Operatives of Rapid Response Squad of the Lagos State Police Command have arrested 12 suspects over…
Naira sustains gain as dollar crashes at parallel market
The Naira on Friday sustained its gains against the dollar as liquidity boost by the Central…