Friday, March 5, 2021

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dollar

Naira exchanges at N472 to dollar at parallel market

The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos, the News Agency of Nigeria reports.

CBN injects $210m into forex market

The Central Bank of Nigeria, CBN has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on...

CBN injects $284.2m, CNY36m into retail secondary market

The Central Bank of Nigeria, CBN has injected 284.2 million dollars in the retail Secondary Market Intervention Sales, SMIS. The bank’s Director, Corporate Communications Department,...

Naira weakens marginally against dollar at parallel market

The Naira on Wednesday lost marginally to the dollar at the parallel market in Lagos exchanging at N358.2 to the dollar, weaker than N358 traded on Tuesday.

Naira gains against dollar

The Naira on Tuesday gained 28 Kobo to exchange at N361.67 to the dollar at the investors window, stronger than N361.95 traded on Monday. Market...

Naira weakens marginally against dollar

The naira on Tuesday weakened marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria reports. The Nigerian currency lost...

Naira weakens against dollar at parallel market

The Naira on Wednesday fell by one point exchanging at N361.5 to the dollar at the parallel market in Lagos, the News Agency of...

Currency swap: Naira will gain strength against dollar, says economist

An economist, Chijioke Ekechukwu, says the naira will gain strength against the dollar when the Nigeria-China currency swap takes effect. Mr Ekechukwu, a former Director-General,...

CBN pumps $210m to forex market to strengthen naira

The Central Bank of Nigeria, CBN, has injected another sum of $210 million into various segments of the inter-bank market. The nation’s currency on Monday...

High hopes for Nigeria as oil prices rise to $70pb

Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of...

CBN to senate: N200 to dollar exchange for pilgrims not feasible

Resolution of the Nigerian senate asking the Central Bank of Nigeria, CBN, to sell a dollar at N200 to the intending pilgrims was not...

Naira waxing strong in Forex market

The naira on Thursday appreciated against the dollar at the parallel market, the News Agency of Nigeria reports. The Nigerian currency rebound barely 24 hours...

Dollar crashes in black market

The continuous flooding of the foreign exchange market with dollars has crashed the currency against the local currency, naira. The naira firmed up at the...

CBN auctions $418m to aviation, oil, agric sectors

The Central Bank of Nigeria, CBN, has  auctioned $418 million  at a marginal rate of N310 to a dollar, to airlines, agriculture, petroleum and...

Bureau de change operators lose N130m as naira gains

The president of Association of Bureau De Change Operators of Nigeria, ABCON, Aminu Gwadabe, on Friday said CBN-licensed BDCs would incur regulatory losses of...

CBN pumps another $180m to strengthen naira

The Central Bank of Nigeria (CBN) has offered additional S180 million to meet bids for wholesale auction and requests for invisibles such as medicals,...

Dollar crashes again at parallel market

The dollar on Monday crashed against the naira, as the Nigerian currency gained 5 points at the parallel market against the Dollar. The naira traded at...

CBN pumps more dollars into market

The Central Bank of Nigeria said on Monday it sold $80 million to retail customers and another $100 million in currency forwards to increase...

CBN showers banks with $370m

Following resolve to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria, CBN, on Tuesday carried...

Naira exchanges at 510 to $1 at black market

The naira has continued to depreciate at the parallel market in spite of the steady rise in the nation’s foreign reserves. The Nigerian currency lost...

Naira weakens to 490 to 1 dollar at parallel market

The naira has weakened to N490 to a dollar on Wednesday at the parallel market. The currency had appreciated to N485 to a dollar during...

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