nigerian naira

Femi Falana, human rights lawyer and senior advocate of Nigeria (SAN), has alleged that President Muhammadu Buhari’s ministers colluded with the Intermational Monetary Fund, IMF to ruined the naira. In this interview with THISDAY Newspaper, Falana spoke on various issues facing the country and...

Nigerian Naira on Tuesday made great recovery, rose 5.81 per cent to 430 against the United States Dollar at the parallel market. The massive gain is coming as the CBN on Monday injected additional 180 million dollars since February when it started its intervention to meet bids for wholesale...

Nigerian Naira on Monday extended gain against the three major currencies at the parallel market as Central Bank of Nigerian continues to save to the currency against US dollar. At the Parallel market, the Naira gained 5 naira to 455 from 450 its closed last Friday against the dollar. The...

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...

Nigerian naira on Thursday depreciated by 0.44 per cent to close at 457 to a dollar at the parallel market. The currency also crashed against the British pound and Euro to 540 and 475. At the Bureau De Change window, the Naira was sold at N399 to a dollar, the Central Bank of...

Nigerian naira on Tuesday closed firm at 455 to a dollar at the parallel market despite Central bank of Nigeria's intervention in the market on Monday. The currency opened Tuesday's trading with a N5 gain against the dollar but revert to N455 against the greenback at the close of Tuesday's...

The Nigerian naira has been the major talk of the town as the currency gained heavily within a week after losing over 100 per cent in 2016. In an intriguing article on The Guardian Newspaper dated 26 February 2017 and titled: “Saving The Naira, The Soludo Option”, the writer, Dan Agbese...

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...

Nigerian naira which performed as the worst currency in 2016, surprised many spectators as its traded among the most performing currency last week owing to Central Bank of Nigeria intervention. The currency last Monday slumped to worst in history to 520 per dollar at the parallel market to gain...

The Nigerian naira on Thursday extended gain above 2 per cent against the United States dollar at parallel market, few days after the Central Bank of Nigeria relax country's forex policy. The currency started the day at N505 and appreciated to N495 as more and more people troop to the market to...

Nigerian naira on Tuesday gained rapidly against the United States dollar to 516 at the black market, 24 hours after the Central Bank of Nigeria adjusted the country's forex policy. On Monday, it crashed at the parallel market to N520 per United States dollar, even as the Central Bank of...

Nigeria's naira hit a fresh low on the black market on Wednesday at 510 per United States Dollar at the parellel market. The head of its bureau de change association, BDC urged his members to help stabilise the currency, whose continued weakness had become a "major concern" to the central bank...

The naira is expected to depreciate further against the United States dollar at the parallel market despite increase in Nigeria's foreign reserve. Nigeria's forex exchange reserves have gained more than $2bn in 2017, rising to $28.2bn on February 2. The local currency had been stable against...

A Nigerian man, Mohammed DeeDee has asked former President, Goodluck Jonathan for forgiven over his statement over when Naira fell to 180 per dollar at the official market in 2014. In 2016, under President Muhammadu Buhari, the naira has fallen to 305 per dollar at the paralle market and almost...

The naira bounced back against the United States dollar from 500 to 498 at the parallel market on first day trading February, 2017. The naira has been under persistent pressure as scarcity of the greenback continues to hit the market. The currency still maintained high rate against the pound...

Paul Alaje, an economist with the SPM Professionals, Abuja has written extensively on the naira-dollar crisis currently faced in Nigeria. In the article, "The Naira Is Dead: Lets Redenominate the Currency Before Its Too Late!", he delved into the hidtorical antecedent of the currency and why it...

Nigerian naira may be heading towards doom as Bureau De Change operators, most in Lagos state have gone underground. The Central Bank capped prices that non-bank dealers can charge their customers for foreign exchange, effectively pegging the black-market rate, while endorsing the Department of...

The Naira appreciated on both the interbank and parallel segments of the market, after the Department of State Security Service, DSS raided and arrested of some licensed currency dealers who were said to be selling foreign exchange (FX) above the prescribed limit. On the interbank FX market...

Nigerian naira remained steady despite shock at global markets as Republican candidate, Donald Trump coasts victory at the just concluded US presidential election. The US dollar fell by over three percent to the Japanese yen, while the Mexican Peso crashed to fresh record lows against the US...

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...