Economy

Naira strengthens against dollar

Ihesiulo Grace 20 August 2020 0

Barely 24 hours after the naira was forced to a downward trajectory by dollar scarcity, it bounced back, closing at ₦477 to a dollar at the parallel market in Lagos. According to reports, the Pound Sterling and the Euro traded at ₦608 and ₦550, respectively. READ ALSO: Naira declines as

Business Money Money

Forex: Naira gains marginally at official, parallel markets

Ihesiulo Grace 23 July 2019 0

…As traders eagerly awaiting outcome of MPC meeting today Motolani Oseni The Nigerian currency, Naira at the close of yesterday trading activities strengthened against the US Dollar at both the official and unofficial foreign exchange markets. This is even as activities at the market on Monday remained slow, due to the anticipation of the likely […]

Business

Naira stables against dollar across Forex segments

Ihesiulo Grace 10 May 2019

The Naira on Thursday remained stable across foreign exchange segments, including the parallel market, where it closed against the US Dollar at N359.3. The Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling […]

News

Naira strengthens to 367/$1, drops against Pound at parallel market

Ihesiulo Grace 14 July 2017 0

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 […]

Business

Naira strengthens further, closes 400/$1 at parallel market

Ihesiulo Grace 20 April 2017 0

The Nigerian currency, the naira, on Wednesday gained a whopping seven points to close at 400 against 407 it traded on Tuesday. The local currency on Tuesday had appreciated by three points from 410 sold per dollar on the first trading day of the week. It was traded at N497 and N420 to the pound […]

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.