Economy

Nigeria’s naira records significant gains against the dollar

Ihesiulo Grace 29 August 2017 0

The Nigerian naira has made interesting improvement against the dollar as it continues its recovery. The Naira Tuesday appreciated against the dollar at the parallel market. The Nigerian currency gained N2 to exchange at N365 to the dollar, stronger than N367 posted on Monday while the Pound

Money

Naira sheds points against major foreign currencies at parallel market

Ihesiulo Grace 29 August 2017 0

Remains weak at official FX market, NAFEX window The Nigerian currency, Naira, on Monday, shed slight points against the three major foreign currencies, Dollar, Pound and the Euro at the parallel segment of the foreign exchange market. The local currency, however, remained low at the official Forex market; and fell slightly at the Nigeria Autonomous […]

Money

Naira loses at NAFEX, steady in official, parallel markets

Ihesiulo Grace 21 August 2017 0

The Nigerian currency, Naira, at the end of business activities on Monday, lost slightly at Nigeria Autonomous Foreign Exchange Fixing (NAFEX) window, but remained unchanged at both the official foreign exchange and unofficial markets. At NAFEX, the Naira, closed trading at 360 to the dollar against 359.98 exchanged on Friday, which indicated a drop of […]

Business Money

Naira gains at I&E FX window, drops at parallel, official markets

Ihesiulo Grace 15 August 2017 0

The Nigerian currency, naira, on Tuesday, extended its gaining streak at the Investors &Exporters FX window, but reverse was the case at the official and unofficial foreign exchange markets, as both dropped points, findings by The Daily Times has revealed. The naira, at the close of yesterday trading activities, strengthened by 0.03 per cent to […]

Money

Naira falls to 368/$1 at parallel market, drop at interbank

Ihesiulo Grace 15 August 2017 0

.Appreciates by 0.062% at I&E FX window The naira, on Monday fell further to close at 368 per US dollar, indicating a drop of total three points from a depreciated rate of N365 traded last Monday at the parallel market. The Nigerian currency, however, recorded appreciable points of N2.28 at the Investors and Exporters window, […]

Money

Naira depreciates against dollar, pound at unofficial market

Ihesiulo Grace 14 August 2017 0

.Eases at NAFEX to 364.78/$1, gains 0.47% The Nigerian currency, Naira, over the weekend, extended its losing streak against major foreign currencies, dollar and pound sterling at the unofficial segment of the Foreign Exchange (Forex) market to close at 367 and 478, respectively, against 366 and 477 sold on Thursday. The naira, however, remained unchanged […]

Business Money

Naira relapses to 366/$1 at parallel market

Ihesiulo Grace 11 August 2017 0

.Records low turnover of $53.13m at I&E FX window After sustaining gained points for two days, the Nigerian currency, Naira on Thursday relapsed to 366 per US dollar, against 365 sold on Tuesday and Wednesday at the parallel market. The naira, at the end of yesterday market activities on the Investor & Exporter FX widow, […]

Money

Naira depreciates to 367.88/$1 at I&E FX window

Ihesiulo Grace 1 August 2017 0

The Nigerian currency, Naira, on Monday, depreciated further to 367.88 per US dollar against 367.60 traded on Friday, shedding 0.07 per cent on the Investor &Exporter FX widow. The Naira, however, appreciated by points to close at the end of yesterday trading at 422 against 424 traded on Friday. Although, the naira, had depreciated within […]

Capital Market Capital Market

Experts delve on import of currency devaluation on ICT Industry, others

Ihesiulo Grace 12 July 2017 0

With the recent Central Bank of Nigeria (CBN) move with the Naira against the dollar, some experts said it been liberalized in the market and that has caused significant increase in confidence even as international potential clients that they were coming but held back have re-engaged to that wind of change to boost local content. […]

Business News

Nigerian Naira loses ground against dollar

Ihesiulo Grace 4 March 2017 0

The Naira on Friday depreciated against the dollar at the parallel market after posting days of appreciation. The nation’s currency lost N7 to exchange at N465 to a dollar after closing at N458 on Thursday, while the Pound Sterling and the Euro traded at N542 and N480. At the Bureau De Change (BDC) window, the […]

Business

Naira strengthens at N425/$1 in parallel market

Ihesiulo Grace 1 March 2017 0

The naira continued to regain strength and appreciate in value in the parallel market on Tuesday as it was sold for N425 to a dollar. However, it was N450 to a dollar at the close of transactions on Monday. An investigation on Tuesday at the Bureau De Change (BDC) market in Lagos revealed that operators […]

Business Money

Naira closes at 500/$1, traders anticipate further stability next week

Ihesiulo Grace 10 February 2017 0

The Naira yesterday closed at 500 per US dollar, the same rate it exchanged on Wednesday when it recorded first depreciation of the week, but foreign exchange traders are optimistic that the Naira holds steady outlook by next and may not drop further at the parallel market. The naira, late yesterday, was bought at 498 and sold at […]

Business Money

Naira drops to N500/$ at parallel market

Ihesiulo Grace 8 February 2017 0

The naira on Wednesday depreciated again to 500 per dollar.  At the close of the market, the value of the local currency which had appreciated to N498 to the dollar on Tuesday exchanged between 499 or 500 to a dollar at the parallel market.   The naira, however, remained stable at N305.25 to the dollar on the interbank […]

Business Money

Naira maintains 498/$1, as interbank rate eases on liquidity injection

Ihesiulo Grace 30 January 2017 0

The 498 per dollar closing rate of the naira at the end of last week confirmed the assessment by foreign exchange traders and some industry experts that the naira would not cross the N500 to the dollar psychological watermark for the whole week at the parallel market.   This is even as the nation’s interbank lending […]

Business Money

Naira steadies at 498/$1, appreciates against pound sterling at parallel market

Ihesiulo Grace 27 January 2017 0

The Naira yesterday for the fourth consecutive day maintained the 498 per US dollar, having traded since the foreign exchange market opened on Monday for the week operations at its parallel segment.   The naira at the official foreign exchange market gained slightly by .25 to close at 305.25 against 305.50 per dollar it traded between Monday and Wednesday.  

Business Money

Naira drops further to 492/$1 at parallel market

Ihesiulo Grace 12 January 2017 0

Following the prediction by some analysts that the naira may hit N500 to the US dollar at the parallel market, the local currency yesterday fell further to close at 492 per dollar against 491 it was traded on Tuesday.     The naira sold at 486 to a dollar but closed at 492, while Euro and […]

Business Money

Naira remains 490/$1 at parallel market

Ihesiulo Grace 3 January 2017 0

Contrary to some financial analysts’ prediction that the Naira would hit 500 per dollar before the New Year, the currency has remained steady at N490 against the dollar.   The naira has maintained the N490 per dollar rate it traded on the last day of 2016 and has held steady for the first two days […]

Business

Revive Naira to revitalize economy, expert urges CBN

Ihesiulo Grace 27 December 2016 0

An Economist, Prof. Sheriffadeen Tella, on Tuesday, said that the Central Bank of Nigeria (CBN) must pursue monetary or quantitative easing approach in 2017 to revitalize the economy and solve the country’s lingering foreign exchange crisis. Tella, a Professor of Economics in the Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, made the

Business Money

Naira eases to 485/$1 as work resumes

Ihesiulo Grace 27 December 2016 0

The Naira eased 10 points from N495 it traded during the weekend to settle at 485 per dollar at the parallel market yesterday.   It was 305 per dollar at the official interbank market rate on Friday before the market closed for the Christmas and Boxing day holidays, while the euro and the British pound exchanged for […]

Entertainment Nollywood

Kemi Akindoju Spotted on Set of Surulere

Ihesiulo Grace 16 April 2015 0

Dazzling mirage star actress, KemiLalaAkindoju has been spotted alongside The Meeting top notch, Rita Dominic on the set of yet another mind blowing flick, Surulere From the stables of award winning Audrey Silva Company jointly owned by Mildred Okwo and Rita Dominic, Surulerewill most likely gulp several millions of naira before its completion as work […]