Tag: , ,

PwC says naira may fall to N386

Naira crashes further against dollar at parallel market

The Naira on Thursday depreciated at the parallel market, exchanging at N368 to the dollar. The Naira lost N4 compared to N364 traded on Wednesday while the Pound...

CBN asks importers to trade with yuan instead of dollar 

CBN asks importers to trade with yuan instead of dollar 

The Central Bank of Nigeria (CBN) is wooing local businesses importing goods from China to use the yuan instead of the U.S. dollar in its effort to support the naira and...

Naira-and-dollar-notes

Nigeria dollar scarcity to persist till 2018 – Moody’s

Despite the Central Bank of Nigeria’s efforts to strengthen the value of the naira against the dollar, Moody’s Investors Service has said foreign currency shortages...

naira-Dollar

Naira dips against dollar

The naira on Thursday depreciated slightly against the dollar at the parallelmarket.The Nigerian currency lost two points to close at N390 to the dollar, while the...

naira-Dollar

Naira dips slightly against dollar

The Naira on Thursday depreciated slightly against the dollar at the parallelmarket.The Nigerian currency lost two points to close at N390 to the dollar, while the...

Dr. Boniface Aniebonam

Usman should review NPA dollar charges – Aniebonam

Founder of the National Association of Government Approved Freight Forwarders (NAGAFF), Dr. Boniface Aniebonam, in this exclusive interview with a team of SHIPS &...

Hadiza Bala Usman

NPA to review guaranteed minimum tonnage, dollar payment by operators 

Nigerian Ports Authority (NPA) has expressed readiness to review its policy on guaranteed minimum tonnage (GMT) and payment of dues to it in dollars by port terminal...

Hadiza Bala Usman - NPA

NPA begins review of dollar payment by port concessionaires

Respite is around the corner for terminal operators operating at the nation’s seaports as the Nigerian Ports Authority (NPA) has expressed readiness to review its...

naira-Dollar

Naira slumps to N395/Dollar

The naira on Monday depreciated further at the black market despite the commitment of the Central Bank of Nigeria (CBN) to boost liquidity in the market. The naira lost...

naira-Dollar

CBN crashes dollar to N360

Banks are to sell dollar at N360 for travel allowances, tuition and medical fees. A statement from the Central Bank of Nigeria (CBN) yesterday noted that ” $85...

naira-dollar

Naira appreciates further, sells at N390/dollar in parallel market

The value of the U.S. dollar continued to diminish against the naira as the Nigerian currency was traded at N390 on Thursday in Abuja. The Naira had also appreciated...

naira-dollar

Naira gains N20 against dollar

The naira appreciated significantly against the dollar on Wednesday to trade at N410 to the dollar. The local currency gained N20 to exchange at N410 to the dollar from...