Business

Naira stables as inter-bank FX market is lifted with $311.5m

Ihesiulo Grace 7 October 2019 0

The Nigerian currency, Naira, at the close of the official trading activities for the week on Friday remained stable, as the Central Bank of Nigeria (CBN), injected a total sum of $311.5 million in the Retail Secondary Market Intervention Sales (SMIS) and CNY 15million in the spot and

Business

Naira stables against dollar across official FX segments

Ihesiulo Grace 26 September 2019 0

…As investors record transactions turnover of $245m The Nigerian currency, Naira on Wednesday remained stable against the Unites State Dollar across official Foreign Exchange segments. This is even as the Investors & Exporters FX (I&E FX) window, recorded a total transactions turnover of $245 million, higher than $179.10 million sold on Tuesday. The I&E

Business Headlines

Naira strengthens at Investors window amid weekly forex injection

Ihesiulo Grace 9 April 2018 0

The Nigerian currency, Naira, at the end of trading activities at the Investors & Exporters Foreign exchange Window (I&E), last week, appreciated against the US Dollar by 0.05 per cent to close at N360.0, amid weekly injections by the Central Bank of Nigeria (CBN). The apex bank during the week under review lifted the Foreign […]

Money

Naira ends trading week high as CBN injects fresh $321m

Ihesiulo Grace 26 February 2018 0

…Suffers marginal loss at NAFEX The Nigerian currency, Naira, ended the just concluded trading week on a high note against the United State Dollar, closing at N305.95, better than N306.50 traded on Thursday, N306.00 exchanged on Wednesday, Tuesday and Monday. The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention […]

Money

Naira steadies across major foreign currencies

Ihesiulo Grace 14 February 2018 0

The Nigerian currency, Naira, on Tuesday steadied against major foreign currencies at the official and unofficial foreign exchange markets, just as the Central Bank of Nigeria (CBN) on Monday injected $210 million into the interbank foreign exchange market The local currency, at the official Spot market, stabled at N305.90 per dollar, the same rate it […]

Business

Naira relapses against Pound, steadies across Dollar, Euro at parallel market

Ihesiulo Grace 22 December 2017 0

After trading at N484 to the Pound sterling for two consecutive days within the week, the Nigerian currency, Naira on Thursday relapsed to 485, the same rate it traded on Monday at the parallel segment of the foreign exchange market. Although, the Naira stood steadied across the other two major foreign currencies, dollar and euro, […]

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 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

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 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 […]

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 […]

News Nigeria

Naira drops at NAFEX, settles at 369/$1 at parallel market

Ihesiulo Grace 18 August 2017 0

The Nigerian currency, Naira, in the recent weeks has lost its gaining streak against the US Dollar at the parallel market, as it closed on Thursday trading activities at a slight depreciated value of 361.17 at the NAFEX window; and 369 as against 368 sold on Wednesday at the parallel market. Before the recent intervention […]

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 […]

News

CBN clears 3114 BDCs to access IMTSO proceeds

Ihesiulo Grace 10 March 2017 0

The Association of Bureaux de Change Operators of Nigeria (ABCON) has said that no less than 3114 of its members have been cleared by the Central Bank of Nigeria (CBN), in an effort to begin collection of the proceeds of International Money Transfers Operators (IMTSO). Earlier, the CBN had granted approval to authorized dealers who […]