Tag archive for ‘Naira’
Naira
By metro On Monday, December 4th, 2017
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CBN weakens naira to 307/US$ for first time on official market -traders

Nigeria’s central bank on Monday weakened the naira marginally, selling dollars at 307 naira each for the first time on the official interbank market, in what traders say could signal a gradual move to merge More...

Naira
By metro On Tuesday, November 21st, 2017
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Naira sells at N362.5 per dollar at parallel market

The Naira on Tuesday traded at N362.5 to the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. Meanwhile, the Pound Sterling and the Euro closed at N476 and N426 respectively. At the Bureau More...

Naira
By metro On Tuesday, November 14th, 2017
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CBN weakens naira marginally on spot market

CBN sold dollars at 306 naira for the second time on Tuesday after maintaining a level around 305 naira on the official spot market for two months, traders said. The move was minor, to signal a change in foreign More...

Naira
By metro On Tuesday, October 31st, 2017
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Naira closes at N360.16/$ at investor’s window

The Naira on Monday traded at N360.16 to the dollar at the investor’s window, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N362 to the dollar at the parallel market, while the Pound More...

Naira
By metro On Tuesday, July 4th, 2017
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Naira may appreciate more against dollar as CBN pumps additional $195m

The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange (Forex) market, has injected 195 million dollars into various segments of the inter-bank More...

By metro On Thursday, June 15th, 2017
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Naira to firm on stock purchases, others seen steady

Naira Nigeria’s naira could strengthen against the dollar in the coming week as offshore investors pile into local stocks, while Kenya’s shilling is expected to be stable. NIGERIA The Nigeria naira could More...

Naira
By metro On Friday, January 13th, 2017
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Naira falls to nearly 500 per dollar on unapproved open market-traders

The Nigerian naira fell close to 500 against the dollar on the unapproved open retail market due to dollar shortages on Friday as retail currency operators set their quotes for dollar purchases at 399 for next week, More...

By metro On Monday, January 9th, 2017
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CBN to meet retail traders on naira rates

CBN  officials will meet bureau de change operators on Tuesday to try to find ways to eliminate the gap between the official and black market dollar rates, the association president told Reuters. The naira lost More...

Naira
By metro On Thursday, December 22nd, 2016
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Ugandan shilling, Nigerian naira seen lower

Naira The currencies of Uganda, Kenya and Zambia are seen trading sideways in the week to next Thursday as most investors closed positions ahead of the end of the year while Nigeria’s naira is seen weaker More...

By metro On Tuesday, December 20th, 2016
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CBN seeking end to spread between naira rate and black market -Emefiele

Emefiele Central bank will try to eliminate the spread between the official and black market exchange rate against the dollar, the finance minister said on Tuesday. The naira is trading on the parallel market some More...