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 […]
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 […]
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 […]