Nigerian naira appreciated to 363 naira to the dollar at the parallel market as Central Bank of Nigeria, CBN, continues to mop up liquidity in the forex exchange market.
The currency on Thursday, however, dropped 0.02 per cent at the CBN official market to 305.65 naira to a dollar.
At the I&E...
Few hours after the CBN announced the outcome of its Monetary Policy Committee (MPC) meeting, the exchange rate crashed at the parallel market as the Naira further appreciated against the dollar.
The Nigerian currency gained two points to trade at N363 to the dollar on Tuesday at the parallel...
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Nigerian naira is expected to firm up coming days as the Central Bank of Nigeria (CBN) again injected $418m into foreign exchange market.
The intervention - came a day after the Apex bank injected about $413 million - which cut across various segments of the inter-bank forex market, was aimed...
The Central Bank of Nigeria On Wednesday sold the dollar at a weaker rate, traders say, in an effort to boost liquidity on the official market and narrow the naira’s spread at the black market.
The Central Bank has been intervening on the official market to try to narrow the currency spread...
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Nigerian naira on Friday continued depreciation week after sustaining massive gain at the parallel market.
The currency fell by 1.5 per cent to close at 465 per dollar from 458 its closed on Thursday.
The currency also crashed against the British pound and Euro to 542 and 480.
At the Bureau...
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nigeria naira: 465 against dollar today
nigeria naira: now 465 against dollar
The Naira appreciated on both the interbank and parallel segments of the market, after the Department of State Security Service, DSS raided and arrested of some licensed currency dealers who were said to be selling foreign exchange (FX) above the prescribed limit.
On the interbank FX market...
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The naira plunged by 31 per cent to 288.85 against the United States dollar on Monday at the close of trading at the newly established interbank market.
The local currency also depreciated at the parallel market where it closed at 346 to the greenback, down from around 330 and 335 on Friday...