nigerian currency

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    Business Naira To Appreciate Against Dollar Next Week - Analysts

    The naira is expected to appreciate further against the United States dollar in the coming week as offshore investors pile into local stocks, currency and financial analysts told Reuters. The analysts, said, the naira will likely strengthen against the dollar in the coming days as more offshore...
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    Business Nigeria: 12/06/2017 - Today's Naira Rate Against Dollars, Pounds and Euros

    Nigerian naira appreciated on the black market segment to 367 to the dollar but depreciated to 307 at the official market rate Table below shows today's (12/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro:
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    Business Naira Crashes, Loses 2% To 398 Per Dollar

    Nigerian naira on Wednesday crashed at the parallel market to 398 per dollar despite Central Bank of Nigeria intervention at the forex market. The currency lost 2 per cent against the greenback. The currency also depreciated to 485 against the Pound sterling but maintained rate at 415 to the...
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    Business Naira Appreciates To 455 Per Dollar At Parallel Market

    Nigerian naira on Thursday continued to appreciate against United States dollars at the parallel market. The currency gained 2 naira to 455 against the dollar and N5 to 580 against Euro from 585 it traded previous day. It remained flat at 550 to a Pound sterling at the parallel market. At the...
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    Business Naira Appreciates Another 1.1% To 455 Per Dollar At Black Market

    Nigerian naira on Monday appreciated 1.1 per cent to close at 455 to a dollar at the parallel market. The currency gained 13 per cent last week after the Central Bank of Nigeria auctioned $230 million in forward contracts on the official market after selling $370 million this week to boost...
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    Business Naira Appreciates 8.9% To 460 Per Dollar At Parallel Market

    Nigerian naira on Friday appreciated 8.9 per cent to close at 460 to a dollar at the parallel market, fourth continuous days since the Central Bank of Nigeria relaxed the Forex policy. The local currency also gained heavily against Pound sterling and Euro to close at 575 and 480 respectively...
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    Business Naira Crashes To Another Record Low Of 520 Per Dollar

    Nigerian Naira on Monday continued to crash at the parallel market to N520 per United States dollar, even as the Central Bank of Nigerian, CBN fund commercial banks with additional forex to cater for school fees, medical and PTA/BTA fares. The currency depreciated sharply from N518 its opened...
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    Business Naira Free Fall: Crashes To 516/US$1

    The naira appears to have entered a free fall mode with the local currency selling for 516 per United States dollar on the streets of Lagos on Thursday. The currency plummeted at the parallel market from 510/dollar on Wednesday to 516/dollar on Thursday. Currency dealers on the streets of...
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    Business Nigerians Panic As Naira Crumbles To 500 Per Dollar At Parallel Market

    Nigerian naira on Monday crumbled to 500 per dollar at the parallel market sending significant shock to businesses as analysts predicted a sharp depreciation on the currency. The currency plunged further against the United States dollar to an all time low record of 500 on Monday morning, down...
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    Business Naira Crashes Further As Buhari, CBN Plan To Eliminate Black Market

    Nigerian naira on Wednesday crashed further at the parallel market as President Muhammadu Buhari, the Central bank of Nigeria plan to eliminate the gap in the exchange rate against the dollar between the official and black markets, Nigerian Bulletin gathered. The currency plunged to 492 naira...
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    Business Naira To Bounce Back As Travelex Begins Dollar Sales to BDCs

    Nigerian naira on its recovery path as Travelex, a global foreign exchange dealer, will on Friday (today) disburse the sum of $15,000 to each of the 3,000 registered Bureaux De Change operators in the country. The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe...
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    Business Ben Bruce Faults EU's Call For Naira Devaluation

    A Nigerian Senator, Ben Murray-Bruce, senator representing Bayelsa east senatorial district, has faulted European Union's call for further devaluation of Nigeria's currency. A European Union (EU) had on Tuesday advised the federal government to devalue the naira as part of measures to tackle...
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    Business Naira Appreciates 3.14% to 310/USD1 At Inter-Bank Market

    Nigerian naira appreciated 3.14% against the United States Dollar to close at N310. 24 at the Inter-bank foreign exchange market, seventy-two days after the Central bank of Nigeria removed peg on the country's currency. At the parallel market, the currency appreciated slightly tot 475 from 476...
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    Business Naira Depreciates Against 3 Major Currencies At Interbank Market

    The Naira depreciated against three major currencies at the interbank market on Wednesday. The local unit depreciated by Dollar - 0.23% to 314.77 Pound - 3.1 to 422.64 Euro - 0.33% to 352.46 At the parallel market, the Naira firmed by 0.47 percent to 423 against the Dollar, but fell...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 36]

    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)...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 23]

    The Naira on Monday appreciated against the United States Dollar closing at N282, twenty-three days after the Apex bank removed the currency peg. The naira opened the day's trading at N305.25 to the United States Dollar and closed at N282 at the inter bank market, according to data mined from...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 6]

    Nigerian Naira on Monday retreated against the dollar by 0.4% to 282.72 vs US dollar, six official business week after the Central Bank of Nigeria removed peg on the country's currency rate. The Central Bank of Nigeria (CBN), today, made history in the Nigerian foreign exchange market as it...
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    Business Naira Firms Against Dollar at Parallel Market

    Nigeria naira firmed to 340/$ from 365 to the dollar on the parallel market on Friday, after the Central Bank introduced reforms designed to relaunch inter-bank currency trading and attract foreign investors. The naira gains ahead of currency floating on official market from Monday, Aminu...
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    Business Naira Weakens Against Dollar At Parallel Market

    The naira weakened further against the dollar at the parallel market on Monday, exchanging at N357 for a dollar as against N350 it traded on Friday. But maintained stability with the pounds sterling and euro, trading at N505 and N397 to each of them, respectively. Meanwhile, pending the...
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    Business Naira Suffers As Pound Hits N500

    The naira on Friday remained stable at the parallel market, exchanging at N350 to the dollar, the News Agency of Nigeria (NAN) reports. The Nigerian currency maintained same value since Wednesday. However, the naira weakened further against the pound sterling as it traded at N500 to the pound...
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