naira rates

Nigeria's foreign exchange market is gradaully closing up and the Central Bank Of Nigeria, CBN, aim at converging the multiple rates almost here. Yesterday, the FMDQ OTC, official market for trading debt securities, forex and other financial products in Nigeria, has asked banks to start quoting...

Nigerian naira on Friday closed flat against the United States dollar at 391 and crashed to 500 from 495 against the pound sterling at the parallel market. The currency also depreciated by 2 naira to close at 422 against the Euro. Trading at the interbank market saw the Naira closing at...

Nigeria has thrown Naira open for investors but it may still struggle to attract dollars unless it scraps its system or multiple exchange rates, analysts told Nasdaq.com. The Central Bank of Nigeia said on Monday it would allow investors to trade the naira at rates determined by the market - a...

Nigerian naira on Monday appreciated by 1.09 per cent to close at 460 from 465 to a dollar at the parallel market. The currency also depreciated against Pound sterling to 560 but remained stable against the Euro to close at 480 at the black market segment. At the official market, the currency...

The National Economic Council (NEC) on Thursday expressed concern over the exchange rate and directed the Central Bank of Nigeria (CBN) to quickly facilitate an urgent review of the current forex policy‎ in the country. The meeting which lasted for over five hours was presided over by Acting...