nigerian currency

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...

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...

President Muhammadu Buhari in Abuja yesterday, told editors and newspaper executives in a brief interview to mark the administration’s first year in office that the biggest shock he had during the past year as President. On Naira Devaluation: He said in the course of its history Nigeria...

Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting has retained MPR at 12%, CRR at 22.5% and Liquidity Ratio at 30% while it embraces flexibility in the foreign exchange market. Cash-reserve ratio left unchanged at 22.5%, Central Bank of Nigeria Governor Godwin Emefiele said...