Naira Sustains Trading Below N1,300/$1 For Second Day In Months
The Nigerian Naira has continued appreciation, trading below N1,300/$1 for the second day after months at both official and parallel foreign exchange markets windows.
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Naira Strengthens To N1,309/$1 As CBN Boosts Dollar Supply By $2.5bn
In a move to stabilize the foreign exchange market, the Central Bank of Nigeria (CBN) and other banking institutions have injected $2.5 billion, leading to a strengthening of the naira against the United States dollar. The naira closed at N1,309 against the
Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market
Naira on Wednesday, 27 March 2024 recorded further gains as the exchange rate against dollar dropped to N1,300/$1 at the official market.
BDCs Debunk Viral Report Of Dollars Selling At N1,000/$1
Bureau De Change operators have debunked a report that has gone viral which claims that one dollar now sells at N1,000 at parallel market.
Naira’s Winning-streak Continues As Value Rises To N1,382/$1 At Official Market
Nigeria’s currency, the naira has continued to rise in value, trading at N1.382.95/$1 at the official market on Tuesday, 26 March 2024.
CBN Sells Dollars At ₦1,252/$1 To BDCs, As Naira Value Rises Further
In its bid to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has announced second tranche of dollar sales to eligible Bureau de Change (BDC) operators at the rate of ₦1,251/$1. The CBN said this is to
Naira Appreciates Further To ₦1,453 At Official Market
Naira continued its appreciation in the foreign exchange market closing trading at ₦1,453.28/$1 at the official market on Thursday, 21 March 2024. This means it recorded ₦39, reflecting 2.6 per cent gain from Wednesday’s closing rate of ₦1,492.61 according to Nigerian Autonomous
Naira Rebound To N1,400, CBN Clearing Of FX Backlogs: It’s Not Yet Time For Celebration – Expert
The clearing of foreign exchange backlogs by the Central Bank of Nigeria (CBN) and the appreciation of the value of the naira in the forex market has cast an air of delight in the financial landscape, however, an economic expert believes that
Naira Depreciates By 0.78% In Official Market, Rises To ₦1,570 In Black Market
The value of Nigeria’s currency, the naira, dropped by 0.78 per cent on Wednesday in the official window of the foreign exchange market. According to data published on the FMDQ Exchange platform the NAFEM (official rate) was ₦1,615/$1 at the close of
Naira Gains Little In Official Market At ₦1,617/$1
The Nigerian currency the naira recorded a marginal gain after close of trading in the official foreign exchange market on Monday, settling at ₦1,617/$1.
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