naira dollar news
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Business Naira Converges at BDC and Parallel Market, Appreciates to N363 Per Dollar
The Nigerian naira on Tuesday converged at the BDC and parallel market, exchanging at N363 per dollar on both markets. The attractive rate at the parallel market immediately triggered a massive influx of demands from forex users running away from the mandatory regulatory documentations sought...- LequteMan
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Business CBN Conducts FX Auction as Naira Strengthens Further Against Dollar
The Central Bank of Nigeria, CBN, on Tuesday announced that it had offered $100 million in currency forwards at a wholesale auction in order to boost liquidity on the interbank market and strengthen the naira. The dollar sale, for which settlement will be between one week and 45 days, is aimed...- LequteMan
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- Forum: Business News Links
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Business Naira Bounces Back, Appreciates Against Dollar at Parallel Market
The Nigerian Naira on Tuesday appreciated against the dollar at the parallel market. The currency exchanged for N390 per dollar as against N395 it went for a greenback on Monday. The currency closed steady against the Pound sterling and Euro at 480, 415 respectively at the black market side on...- LequteMan
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