Depleting Foreign Reserves, Lack of Specification Cast Dark Clouds Over Nigeria’s $3bn Eurobond
Nigeria’s fast depleting foreign reserves occasioned by growing propensity to defend the Naira and lack of project specification, among others ...
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Tag: Naira
Naira weakens as falling oil prices tightened liquidity on currency market
Naira weakened to 364 per dollar on Friday, from a quote of 363.50 the previous day as falling oil prices ...
CBN springs unscheduled T-bill auction as naira weakens
Nigeria’s central bank offered 100 billion naira ($326 mln) of treasury bills on Wednesday, in its first such auction since ...
Naira quoted weaker as funds exit bonds
Nigerian naira was quoted at 363.50 on Tuesday, weaker than 362.80 a week ago, traders said, as foreign investors exited ...
CBN intervening to prop up naira, trader says
The Nigerian central bank has been intervening in the currency market over the past two weeks to keep the naira ...
Naira closes at N359.3 to dollar at parallel market
The Naira on Monday traded at N359.3 to the dollar at the parallel market in Lagos. The Pound Sterling and ...
Naira gains marginally against dollar at parallel market
The Naira on Wednesday in Lagos gained marginally against the dollar at the parallel market closing at N359.3 to the ...
Emefiele’s reappointment will stabilise naira, economy – CSOs
The Empowerment for Unemployed Youth Initiative on Saturday applauded the reappointment of Mr Godwin Emefiele for a second tenure as ...
Naira closes at N360.35 to dollar at investors’ window
The Naira on Thursday closed at N360.35 at the investors’ window. Market turnover at the window stood at N152.09 million ...
Naira remains stable at N359 to dollar at parallel market
The Naira on Monday remained stable at the parallel market in Lagos, exchanging at N359 to the dollar. The Pound ...
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