Foreign reserves rise to $34.85b on ‘Naira for Dollar’ policy
The ‘Naira for Dollar’ policy of the Central Bank of Nigeria (CBN) has led to positive accretion to the foreign reserves exactly one month after […]
naira
Polaris Bank begins ‘Naira 4 Dollar’ payments
Polaris Bank has commenced implementation of the Central Bank of Nigeria’s (CBN) ‘Naira 4 Dollar Scheme’ under which recipients receive N5 for every dollar received […]
The story of the Naira-For-Dollar Promo, By Azu Ishiekwene
It would seem harsh to judge the Central Bank of Nigeria (CBN) solely by its intentions, especially in the last four or five years. In a […]
CBN defended naira with $10.3b in six months
The Central Bank of Nigeria (CBN) defended the naira in six months with $10.3 billion intervention in the inter-bank foreign exchange market, its half-year report […]
Naira Loses Against Dollar At I&E Market
The naira has lost against the U.S. dollar. The naira on Wednesday lost against the dollar at the Investors & Exporters window (I&E) of the […]
N500/$1: Naira Crashes to Record Low Against Dollar
The Naira exchanged N500/$1 at the parallel market on Friday, November 27, 2020, to see it crash to an all time low, according to Nairametrics. […]
I changed naira to dollars today and I almost cried – Davido
Nigerian superstar singer, Davido, is currently upset with the high dollar rate in Nigeria. The Fem singer took to his Twitter account to lament saying […]
CBN Rebukes Those Using Parallel Market To Push For Naira Devaluation
Those using parallel market rates to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t have their way. The CBN […]
Naira Weakens Further As Dollar Sells For 478
The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478. The local currency, which traded […]
Naira May Depreciate To 475/$, Says Rewane
The naira will weaken in the parallel market as oil prices stay at $40-$42 per barrel and likely depreciate to 470-475 against the dollar in […]
Naira Steady Despite #EndSARS Protests
The naira last week traded at the parallel market for N463 against the dollar, a slightly weaker ratio from the N462 exchange rate the previous […]
Naira drops to 460/$ at parallel market
The naira fell slightly at the parallel market on Monday, as it exchanged to the dollar for N460/$ as of the close of work. The […]
ABCON projects Naira stability
By Fabian Ekeruche Lagos – The Association of Bureau De Change Operators of Nigeria (ABCON) on Monday said that in spite of the marginal losses […]
Naira loses against dollar at the parallel market
By Fabian Ekeruche Lagos – Barely 24 hours the Central Bank of Nigeria (CBN) resumed dollar sales at the Bureau De Change (BDC) sector, the […]
Naira strengthens against dollar
By Fabian Ekeruche Lagos – The Naira on Thursday gained one point to appreciate against the dollar at the parallel market in Lagos. The News […]
NSE opens week with N3bn growth
By Chinyere Joel-Nwokeoma Lagos – The nation’s bourse opened trading for the week on Monday on a positive note, growing by three billion naira. The […]
Inflation: 12. 82% not reflective of current reality — LCCI
By Rukayat Moisemhe Lagos – The Lagos Chamber of Commerce and Industry (LCCI) says“the July inflation rate of 12. 82 per cent does not reflect […]
Naira weakens marginally to dollar
By Fabian Ekeruche Lagos – The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window. […]
Naira exchanges at N472 to dollar at parallel market
By Fabian Ekeruche Lagos – The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos, the News Agency of […]
COVID-19: Withdraw old naira notes from circulation, group tells CBN
By Bolaji Buhari Lagos – The Association of Progressive Nigerians has appealed to the Central Bank to withdraw old and tattered naira notes from circulation […]