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Business Naira Back to 470/USD At Parallel Market As Dollar Scarcity Bits Harder
The Nigerian Naira on Wednesday depreciated against the United States Dollar to close at N470 at the parallel market as shortage of dollar persists. The currency remained steady at the Interbank market to close at N304.78k as its posted on Tuesday. The Pound Sterling depreciated N565, while...- ProfRem
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Business Naira Gains At Interbank, Parallel Markets
The Nigerian Naira on Tuesday gained 1.31% against United States Dollar to close at N304.79 at the inter-bank foreign exchange market. The currency also extended appreciation at the parallel market to close at N465 from N470 to a dollar its posted on Monday. The Pound Sterling appreciated N5...- ProfRem
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Business Naira Depreciates 1.42% to 308 At Interbank Market
The Nigerian Naira on Monday depreciated by 1.42% against United States Dollar to close at N308.81 in inter-bank foreign exchange market. The currency closed N304.70 at the end of trading on Friday. At the Bureau De Change Segment of the market, the naira closed at N385 CBN controlled rate...- ProfRem
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Business Naira Weakens 100% Against Cameroon CFA
The Federal Government has been called upon to intervene and rescue the largest cattle market in West Africa from collapse due to weak of naira exchange. The Sarki Tuke of Mubi Emirate in Adamawa, Alhaji Rabi’u Ali made the call in an interview with News Agency of Nigeria (NAN) in Mubi on...- ProfRem
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Business Naira Appreciates 0.16% to 304 At Interbank Market
The Naira on Friday appreciated 0.16 per cent against the dollar at the official interbank market. The currency gained 50k to exchange at N304.50, from N305 posted on Thursday. At the Bureau De Change Segment of the market, the naira closed at N385 CBN controlled rate, while the Pound Sterling...- ProfRem
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Business Naira To Appreciate Next Week As Dollar Supply Increase
The Nigerian naira set to revive its losses as traders anticipate improved dollar supply from international money transfer agencies to ease a shortage, which has pushed down the local currency. The naira fell to N470 to the dollar on the parallel market yesterday from N455 a dollar last week...- ProfRem
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Business Naira Crashes to 470 Per Dollar At Parallel Market
The Nigerian naira on Thursday midday trading crashed to 470 per dollar at the parallel market as liquidity issue persists in the forex market. The currency declined by 3 points from N467 overnight market to N470 on Thursday afternoon. It remained steady at the inter-bank market, exchanging...- ProfRem
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Business Naira Falls At Inter-bank, Parallel Markets
The Nigerian Naira on Tuesday fell by 0.58% against United States Dollar to close at N306.78 in Interbank FX Market and 0.86% to N467.00 in parallel market as Travelex and First Bank of Nigeria Plc begin the sale of Forex to Bureau De Change operators in the North. The Pound Sterling also...- ProfRem
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Business Naira Appreciates, Edges Towards N280 Per Dollar
The Nigerian currency, the Naira is edging towards the N280 to the dollar opening rate at the Financial Markets Dealers Qoute (FMDQ). The naira on Wednesday closed at N304.75 to the dollar at the official interbank market from N305 recorded on Tuesday. At the Bureau De Change (BDC) window, the...- ProfRem
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Business Naira Gains At Interbank, Loses Value At Parallel Market Against US Dollar
The Naira on Wednesday appreciated by 0.08% to 304.75 to the dollar at the interbank market, as the Central Bank of Nigeria raised the exchange rate for Bureau de Change operators to 385 naira per dollar. The currency depreciated 2 points to exchange at N455 to the dollar at the parallel...- ProfRem
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Business Naira Appreciates to 453 Per US Dollar At Parallel Market
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...- ProfRem
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Business Naira to Appreciate Further As BDCs Get Dollar Supply
The naira is expected to appreciate further this week following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators. The CBN has given approvals to First Bank of Nigeria Limited and Travelex, a global foreign exchange company, to commence sale of dollars to the...- ProfRem
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Business Naira Appreciates Against 3 Major Currencies
The Naira on Friday continued to appreciate against the three major currencies at the parallel market. At the official inter-bank market, the Naira gained slightly remain steady at N304.50 from N304.75 posted on Thursday.. On Friday morning, the currency strengthened against the dollar, euro...- ProfRem
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Business Naira Strengthens to N468 Against US Dollar
The Naira on Tuesday continued to gain strength against the dollar at the parallel market, first consecutive gains in over two months. At the official inter-bank market, the Naira remain steady at N304.75 from N306.71 posted on Friday. It firmed against the dollar and British pound at the...- ProfRem
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Business Naira Falls to 310/USD At Inter-Bank, Steady At Parallel Market
Nigerian naira on Monday fell 1.45% to 310.50 to a United State Dollar at the inter-bank market, despite Travelex sale of dollars to the Bureau De Change operators. The currency closed at N305.99 to the dollar on Friday, according to data compiled by Bloomberg. Travelex, a foreign exchange...- ProfRem
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Business Naira to Record Gain Next Week - BDCs
Nigerian naira may stabilise on the parallel market after international money transfer agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive. The naira was quoted at 473 to the dollar on the black market on Friday, compared with 480...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 71]
Nigerian naira depreciated 2.79% against the United States Dollar to close at N320. 31 at the Inter-bank foreign exchange market, seventy-one days after the Central bank of Nigeria removed peg on the country's currency. At the parallel market, the currency closed at 476 from 475 to a dollar it...- ProfRem
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Business Pound Sterling Falls to 31-Year Low Against The Dollar
The pound tumbling to a new 31-year low against the dollar as fears of the consequences of a Hard Brexit widening. Theresa May has ended weeks of speculation and revealed that she will launch formal Brexit talks with EU leaders before the end of March 2017, while speaking at the Conservative...- ProfRem
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Business Naira Watch: Tracking Nigeria's Currency [Day 70]
Nigerian naira maintained rate of 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 appreciated to to 475 to...- ProfRem
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Business Naira Heads Towards N500 Per Dollar
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...- ProfRem
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