Amidst a three-day holiday break, the Nigerian naira maintained stability, with the dollar trading at N1,125 on Friday, consistent with Thursday's rate of N1,120. However, due to reduced trading activity during the festive period, irregularities in market rates were observed. Transactions were...
The Nigerian Naira exhibited a remarkable appreciation against the United States Dollar on Monday, with significant gains observed in both the parallel market and the official foreign exchange (FX) window.
This currency shift has drawn attention from investors, economists, and policymakers...
In Abuja, a recent social media frenzy sparked by claims of the US Dollar exchanging for as high as N1,000 has been debunked by Bureau De Change (BDC) operators. Viral posts circulating on platforms like Facebook and X suggested that the Dollar was commanding prices between N900 and N1,000 at...
In a surprising tweet from Voice of Northerners Twitter page, a demand was made for the prolonged detention of the arrested Binance official in Nigeria until the exchange rate drops to 600 Naira per dollar, with a call for President Tinubu to teach a lesson for allegedly sabotaging the economy...
The Naira on Tuesday appreciated to N360 to the dollar at the investors’ window, after depreciating for five consecutive days.
The Nigerian currency gained 54kobo to exchange at N360, stronger than N360.54 traded on Monday, while it was sold at N305.7 to the dollar at the CBN window. …...
Today's (07/03/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro
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Nigeria's naira strengthened 1 percent against the dollar on Monday in the forward market after the country's central bank raised interest rates by 100 basis points to 12 percent.
One-month dollar/naira forwards were bid at 205 after the rate rise compared to around 207 earlier, Thomson Reuters...
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