Money

Naira gains at official forex market as NAFEX records $209m turnover

Ihesiulo Grace 11 December 2017 0

The Nigerian currency, Naira on Monday, gained further at the official foreign exchange market, with the new closing rate of 306.35 compared to 306.40 to the US Dollar sold on Friday. Even as the Nigerian Autonomous Foreign Exchange (NAFEX) window closed the day with a total transactions

Money

Naira rebounds at official FX, extends gains over Euro at parallel market

Ihesiulo Grace 7 December 2017 0

….As NAFEX records $195.6m transactions turnover Following the dropped of the Naira to N307 per US Dollar on Monday for the first time ever at the official foreign exchange, the Nigeria’s local currency, rebounded slightly to close at 306.85, as at close of yesterday trading activities, while the local currency extended its gaining streak against […]

Money

Naira gains at parallel market, drops further at official FX

Ihesiulo Grace 5 December 2017 0

The Nigerian currency, Naira, on Monday rebounded against the US Dollar at the parallel market to settled at 363 compared to 364 sold throughout last week, however, dropped further at the official foreign exchange market to close at 307 per dollar weaker than 305 exchanged in the recent time, data obtained by the Daily Times […]

Business Headlines

CBN injects $210m to boosts Forex market

Ihesiulo Grace 29 November 2017 0

The Central Bank of Nigeria (CBN) on Tuesday, announced the injection of another $210,000,000million to boost liquidity in the inter-bank Foreign Exchange Market. Disclosing this in Abuja, the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor said the sum of $100m was offered to the wholesale segment, while the Small and Medium Enterprises

Money

Naira loses at parallel market as capital inflows hit $4.2bn in Q3

Ihesiulo Grace 28 November 2017 0

The Naira, on the second trading day of the week suffered a significant setback at the parallel market segment of the foreign exchange market, with closing rates of Pound sterling and the Euro at 480 against 475 traded on Monday and 430 to the Euro, compared to 425 exchanged the same period. This is just […]

Business

Naira gains at official market, records $179.8m turnover at NAFEX

Ihesiulo Grace 28 November 2017 0

The Nigerian currency, Naira, on Monday extended its gain over US Dollar at the official foreign exchange market, with closing rate of 305.80 against 305.85 traded on Friday and stronger than 305.90 sold the previous day. This is even as the Nigerian Autonomous Foreign Exchange (NAFEX) widow, recorded transactions turnover of $179.78 million at the […]

Business

Naira gains over Pound, Euro at parallel market

Ihesiulo Grace 24 November 2017 0

The Naira, at the end of Thursday’s foreign exchange trading activities, appreciated slightly against the Pound Sterling and Euro at the closing rates of 475 compared to 476 exchanged on Wednesday and 425 against 426 sold per Euro on the same period at the parallel market. Although, the local currency, was seen unchanged at 364 […]

Business

Naira steadies across FX markets as NAFEX declares $234.2m turnover

Ihesiulo Grace 23 November 2017 0

The Nigerian currency, Naira, a day after the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held major economic indices unchanged, stood steadied against the three major foreign currencies, across the official and official forex markets, Daily Times check has revealed. But the Nigerian Autonomous Foreign Exchange (NAFEX) widow, rebounded from its

Money

Naira drops against major foreign currencies at parallel market

Ihesiulo Grace 20 November 2017 0

…..Worst in two months …..Stables at official FX with $1.15bn NAFEX turnover in one week The Naira, over the weekend, depreciated further at the parallel segment of the foreign exchange market, with closing rate of 366 to the US Dollar, represented the worst in the last two months, as well as recorded significant drop against […]

Business

Naira gains at official FX, drop at parallel market

Ihesiulo Grace 17 November 2017 0

.As I&E FX window trades $299.50m The Naira, on Thursday, rebounded to record an appreciable gain at the close of trading at the official foreign exchange market, even though it was a different case at the parallel segment, as the local currency dropped against all the three major foreign currencies, Daily Times check has revealed. […]

Headlines

Nigeria holds key to West-African single currency- ECA

Ihesiulo Grace 12 November 2017 0

The United Nations Economic Commission for Africa (ECA) has said that the economic performance of Nigeria was crucial in realising the dream for a single currency in the West African region. Naira Dimitri Sanga, Director of the Sub-Regional Office for West Africa of the United Nations Economic Commission for Africa (SRO/WA-ECA) said this in an […]

Business Headlines

Naira gains over euro as CBN lifts forex market with $195m

Ihesiulo Grace 2 November 2017 0

FG raises N100bn through T-Bills The Nigerian currency, Naira, on Wednesday, appreciated by two points against the Euro, to close at 423 against 425 traded on Tuesday, while the official foreign exchange market remained liquid, as the Central Bank of Nigeria (CBN), within the week, injected total sum of $195 million to meet demand for […]

Crime News

Armed robbers kill two policemen in a bank robbery in Ondo, cart away millions of Naira

Ihesiulo Grace 27 October 2017 0

‘Tosin Ajuwon, Akure Armed robbers on Thursday attacked the branch of a new generation bank in Ifon at the Ose local government area of Ondo state carting away millions of naira. The robbers who were numbering about fifteen also killed two policemen in mufti after they had engaged them a gun duel. The Daily Times […]

Business Money

Naira drops to 305.75 at interbank forex market

Ihesiulo Grace 27 October 2017 0

As NAFEX’s daily transaction sheds $16.42m Motolani Oseni The Nigerian currency, Naira, on Thursday, dropped slightly by 0.02 per cent to close at 305.75 to the US Dollar, against 305. 70 traded on Wednesday at the official interbank foreign exchange market, Daily Times check has revealed. Also, Nigerian Autonomous Foreign Exchange (NAFEX) widow, which had […]

Money

Naira ends first trading day at 305.65/$ at interbank

Ihesiulo Grace 24 October 2017 0

As NAFEX sells $156.43m The Nigerian currency, Naira, on first trading day of the week (Monday) remained stable at 305.65 to a US Dollar at the official interbank foreign exchange market, Daily Times check has revealed. As at the close of yesterday trading activities, the Nigerian Autonomous Foreign Exchange (NAFEX) widow sold a total volume […]

Business Money

CBN tightens liquidity through sales of Tbills worth N98bn

Ihesiulo Grace 19 October 2017 0

.As Naira stabilises at FX markets Motolani Oseni There are indications that the Federal Government of Nigeria, through the Central Bank of Nigeria (CBN) has tightened liquidity to support the nation’s currency, Naira, through the sales of fresh N98 billion worth in Treasury Bills (TB) securities on Thursday, after it auctioned N133.25bn on Wednesday. On […]

Business Money

Naira steadies at 365/$, appreciates against Pound, Euro, at parallel market

Ihesiulo Grace 28 September 2017 0

* Importers & Exporters FX window record $300m daily turnover Motolani Oseni The Nigerian currency, Naira, on Thursday, extended its gains against Pound Sterling and Euro, but remained unchanged at 365 to the dollar at the parallel market. The Naira, as at close of yesterday, trading activities exchanged at 485to a pound against 493 traded […]

Money

Naira gains at NAFEX, stabilises across forex widows

Ihesiulo Grace 19 September 2017 0

Nigeria’s currency,the Naira, on Monday, recorded 0.04 per cent gain at the Nigeria Autonomous Foreign Exchange Market (NAFEX) window, but remained stable at 368 to the dollar at the parallel market, as well seen at 305 per the greenback at the official Central Bank of Nigeria (CBN) rate. The NAFEX, had opened trading activities at […]

Money

Naira stabilises at official, unofficial forex markets

Ihesiulo Grace 11 September 2017 0

. As CBN says N1.86 trn circulated in August .NAFEX turnover hikes by $133m, highest in one week The Nigerian currency, Naira, on Tuesday, opened the official foreign exchange trading week at 365 to the dollar in the parallel market, but rebounded slightly on Wednesday at 364 gaining a point; however, it relapsed to 365 […]

Business

Naira extends gain at parallel market, strengthened at NAFEX

Ihesiulo Grace 31 August 2017 0

After trading between 368 and 370 for over a week, the Nigerian currency, Naira, on Wednesday, extended gains recorded at the parallel market, while it strengthened at the Nigeria Autonomous Foreign Exchange Fixing (NAFEX) window. At the close of yesterday’s trading activities, the naira, at the unofficial market, appreciated by two points to close at […]