naira rate

Nigeria’s foreign exchange market continued to soaked as the Naira raced towards N500 to a dollar at the black market. The currency closed at N480 to a dollar in the parallel market on Thursday and rose to 490 on Friday morning, with dealers expecting further rise today to hit the dreaded N500...

Nigerian naira appreciated 2.45% against the United States Dollar to close at N305. 31 at the Inter-bank foreign exchange market, sixty-nine days after the Central bank of Nigeria removed peg on the country's currency. At the parallel market, the local currency fell to 480 to the dollar on the...

Nigerian Naira appreciated 0.08% against United States dollar sixty-two business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency closed 310.08 naira to a United States dollar at the Inter-bank market. The country’s debt profile has risen by 4.17...

Nigerian Naira on Tuesday advanced 1.4% to 315.75 to a dollar at the inter-bank market at mid hour trading in Lagos, the commercial nerve centre of the nation. According to data compiled by Bloomberg, Naira 3-month non deliverable forwards fall 0.1% to 349 to United States dollar...

Naira advanced gain by 1% to 326.25 to the United States Dollar by 5:10pm in Lagos, strongest since Aug. 16 The currency 3-month on deliverable forwards also jumped +0.3% to 349 US Dollar Ghana Cedi weakened further by -0.5% to 3.97 o the US Dollar, lowest since Aug. 16 Meanwhile, the...

The naira on Monday appreciated 0.81% to 305.50 to the dollar at the inter-bank market, forty -three days after the Central bank of Nigeria introduced the flexible exchange rate policy. The capacity to defend the currency has also continued to drop as the external reserves of the country has...

The naira on Friday apreciated 5.2% to 308 to a dollar, forty -two days the Central bank of Nigeria introduced the flexible exchange rate policy. Naira, yesterday, suffered a major dropped in the inter-bank market trading at N365.25 per dollar against it earlier trade of N314.14, almost 14 per...

President Muhammadu Buhari's Minister of Agriculture, Audu Ogbeh has said that he does not believe in the devaluation of the Naira. Speaking at the Town Hall Meeting and Policy Dialogue on Good Governance in Abuja on Tuesday, the minister said Nigeria has been heading for disaster since 1986...

The naira on Thursday appreciated to 313.75 to the United States Dollar at the inter-bank market as against 315 its closed the previous day. The currency closed at N356 and N414 to the Euro and Pound respectively at the end of closing period on Thursday. The Central Bank of Nigeria (CBN)...

The naira on Monday appreciated slightly to 317.75 to the United States Dollar at the inter-bank market, thirty-three days after the Central bank of Nigeria removed peg on the currency rate. The naira on Friday down 1.22% to N318.91k to close trading at the inter-bank market, while at the...

The Nigerian naira fell 0.2% to record low at 319.8 to the United States Dollar as of 11:23am in Lagos, the commercial hub city. The naira on Friday down 1.22% to N318.91k to close trading at the inter-bank market, exactly thirty-two days after the Central Bank of Nigeria removed peg on the...

The naira on Thursday weakened by 0.1 per cent to 316.40 against the US dollar at the inter-bank market, a month after the Central Bank of Nigeria decided to remove peg on the country currency. Meanwhile, at the parallel market the currency crashed to N390 per dollar from it previous trading...

The Central Bank of Nigeria (CBN), yesterday directed authorized dealers who are agents to approved international money transfer operators, to sell foreign currency accruing from inward money remittances to licensed bureau de change operators in the country. The bank in a circular referenced...

Nigerian Naira, Monday fell against the dollar, trading at 282.33 to a US dollar, eleven official business day after the Central Bank of Nigeria removed peg on the country's currency rate. The new foreign exchange policy has been greeted with various criticism despite Central Bank of Nigeria...

Foreign traders are expecting Nigeria’s currency devaluation to trigger a rush of cash into Africa’s largest economy are rapidly concluding that the naira’s 30 percent drop wasn’t enough. Investors got the foreign-exchange policy change they asked for, but still aren’t flocking to buy naira...