Naira appreciates to N359.38/$ as I&E records $26bn turnover in 2017 The naira Tuesday recorded its biggest daily appreciation of N1.76 in the Investors and Exporters (I&E) window. Data from the Financial Market Dealers Quote (FMDQ) revealed that the indicative exchange rate for the …
The naira is expected to appreciate further against the United States dollar in the coming week as offshore investors pile into local stocks, currency and financial analysts told Reuters.
The analysts, said, the naira will likely strengthen against the dollar in the coming days as more offshore...
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The Naira on Tuesday appreciated further against the US dollar at the black segment of the foreign exchange market.
The currency gained 2 points to exchange at N453 to the dollar at the parallel market, from N455 it traded on Monday while the Pound Sterling and the Euro remained steady at N545...
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There are strong indications that the efforts of the Central Bank of Nigeria (CBN) to stabilise the naira may have started yielding the expected results.
The CBN governor, Godwin Emefiele, last week accused speculators who connived with bureau de change operators to undermine the efforts of the...