By Motolani Oseni The Naira at the parallel market traded flat at N498 and N700 against the Dollar and Pound Sterling respectively on Wednesday. The local currency thus lost 0.17 per cent against the Euro to close at N598. Trading at the parallel market on Tuesday revealed that Naira lost by 0.61per cent and 0.17 […]
Emefiele has warned domestic and foreign investors against patronising the unofficial market, saying it was helping to overheat that market. Dollar sales have since resumed following a phased easing of the lockdown but foreign investor currency demand is yet to be met, analysts say. Emefiele, has warned firms and individuals against patronizing the parallel market, […]
…As CBN lifts forex market with fresh liquidity The Naira, on Monday settled low against the Pound sterling and Euro at N510 and 446, respectively , compared to N505 and N445 exchanged over the weekend at the unofficial forex market. This is even as the Central Bank of Nigeria (CBN) yesterday injected fresh foreign exchange […]
New facts have emerged on how the Bureaux De Change Operators in Nigeria are currently shunning the Central Bank of Nigeria’s (CBN’s) Foreign exchange (forex) market for a more profitable parallel market rate, findings by The Daily Times have revealed. Before now, Association of Bureaux De Change Operators of Nigeria (ABCON) has several times, called […]
Following the appreciable closing rate of Naira at 306 per dollar on the last trading day in 2017, the Nigeria’s currency on Tuesday, first official foreign exchange trading activities in 2018, extended gaining streak to close at 305.50 per dollar, Central Bank of Nigeria (CBN) data has revealed. As at close of yesterday trading activities, […]
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 turnover of $209.05 million. Contrary to this development, […]
….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 […]
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 […]
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 […]
.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. […]
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 […]
.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, […]
.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, […]
The Naira on Thursday rebounded to close at 367 per US Dollar against 368 traded on Wednesday, but exchanged at a depreciated rate of 419 or 420 against the Pound Sterling at the parallel market. The Nigerian currency however, remained stable at the Central Bank of Nigeria (CBN) official rate, which had traded at 305.95 […]
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. […]
The Naira, on Tuesday relapsed slightly against the US dollar, to close at 366 against 365 sold on the first trading day of the week (Monday), which represented a total four points’ gain, compared to the 369 exchanged last Friday. This is just as the Central Bank of Nigeria (CBN) boosted the foreign exchange market […]
CBN offers $100m in wholesale forwards The nation’s currency, the naira on Thursday settled at 390, a slight depreciated rate against the 388 traded per dollar on Wednesday at the parallel market. This is just as the Central Bank of Nigeria (CBN) said that multiple exchange rate has eliminated “frivolous demand” of foreign currency, while […]
The Nigerian currency, the naira on Wednesday closed at 410 to a dollar, the same rate it traded the previous day, which indicated a drop of five points from 405 it exchanged on the first trading day of the week at the parallel market. This was contrary to the widely expected new closing rate for […]
Following the dramatic and continuous gain of the naira at the black market, with a new closing of the local currency at 399 per dollar at both the Bureau de Change segment and the parallel market on Thursday, indications are rife that no less than 3200 BDCs and over 30, 000 Nigerians may lose their […]
The Nigerian currency, the Naira on Friday relapsed from days of significant appreciation against the dollar at the parallel market, but foreign exchange dealers are optimistic that it would rebound positively this week, as the Central Bank of Nigeria (CBN) indicated it will regularly intervene in the market in continuation of its strategy to further […]