The Naira, yesterday, appreciated to N363.96 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded rose by 60 percent.
Naira Data from FMDQ showed that the indicative exchange rate for the …
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The naira depreciated at the Investors and Exporter’s window (I&E) window yesterday even as the Central Bank of Nigeria (CBN) and the Nigeria Autonomous Foreign Exchange Market (NAFEX) injected the sum of $1.38 billion into the foreign exchange market last week.
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The nation’s currency on Friday traded strong after the Central Bank of Nigeria (CBN) on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market.
Naira gained N0.25k against …
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The Naira yesterday appreciated to N359 per dollar in the parallel market.
According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators (ABCON), the parallel market exchange dropped to N359 per dollar from N359.6 last …
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The Naira is expected to appreciate on the street this week, following the Central Bank of Nigeria’s plan to increase dollar sale to retail currency bureaus.
The Central Bank is planning to raise dollar sales to Bureau De Change to $40,000 from the present $20,000, which will improve liquidity...
The CBN in recent months had injected dollars to the inter-bank and Bureau de Change foreign exchange market in its bid to sustain forex supply to different categories of users.
The Apex Bank auctioned $418 million at a marginal rate of N310 to a dollar, to airlines, agriculture, petroleum and...
The Nigerian naira extended recovery at the parallel market by gaining 4.87 per cent to 411 against the United States dollar as Central Bank of Nigeria moves to close the gap between the various forex rates in the country.
The currency also appreciated against the Pound and Euro at the market...
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