Tag: naira
See Naira and Dollar Latest Exchange Rate Today
Naira has suffered a loss against the dollar at the official market on Tuesday.
The local unit exchanged hands with the foreign currency at N415.07...
Naira Depreciates Against Dollar…See Latest Exchange Rate
The Nigerian naira on Monday recorded a loss against the dollar at the parallel market.
The naira exchanged N570/$1 compared to N565/$1 recorded as of...
Rising gas prices, crisis in the making; By Dakuku Peterside
Nigerians are facing hydra-headed challenges on all fronts: debilitating insecurity, extreme poverty, hyperinflation, high cost of food and essential consumables, diminishing trust in government...
Naira Weakens at Official Market Despite 122% Rise in Dollar Supply,...
The Nigerian Naira marginally depreciated against the US dollar to close at N415.10/$1 on Tuesday at the Investors and Exporters window.
This represents a 0.01%...
What makes eNaira different from money in your bank account
The Central Bank of Nigeria’s eNaira website has gone live ahead of the October 1 official launch.
According to the website, www.enaira.com, “eNaira is a...
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...
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...
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...
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...
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...
N500/$1: Naira Crashes to Record Low Against Dollar
The Naira exchanged N500/$1 at the parallel market on Friday, November 27, 2020, to see it crash to an all time low, according to...
I changed naira to dollars today and I almost cried –...
Nigerian superstar singer, Davido, is currently upset with the high dollar rate in Nigeria. The Fem singer took to his Twitter account to lament...
CBN Rebukes Those Using Parallel Market To Push For Naira Devaluation
Those using parallel market rates to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t have their way.
The CBN...
Naira Weakens Further As Dollar Sells For 478
The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478.
The local currency, which traded...
Naira May Depreciate To 475/$, Says Rewane
The naira will weaken in the parallel market as oil prices stay at $40-$42 per barrel and likely depreciate to 470-475 against the dollar...
Naira Steady Despite #EndSARS Protests
The naira last week traded at the parallel market for N463 against the dollar, a slightly weaker ratio from the N462 exchange rate the...
Naira drops to 460/$ 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...