nigerian naira

The Naira on Wednesday down slightly against the United States Dollar closing at N315, twenty-five days after the Apex bank removed the currency peg. The naira opened the day's trading at N310.25 to the United States Dollar with a high trading rate of the day of 5.8% to N334, making it all time...

Nigeria naira weakened to an all-time low of 334.50 against the dollar on the interbank market on Wednesday, a day after the central bank hiked interest rates to try to lure foreign investors back into local assets, traders said. The naira fell 5.8 percent on Wednesday from its opening rate...

The naira has hit yet new record lows this morning as the currency continues to slide as the 251st edition of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) underway. The Nigerian currency has dropped a further 1 per cent against the greenback this morning to a new...

The naira, today, traded above N300 at the inter bank market over 20 days the Country's apex bank removed peg on the currency. The Naira, which closed at 294.25 to a dollar on Wednesday, headed to the south on Thursday trading at N309 to a dollar at the official market. The currency is...

Nigerian Naira on Wednesday keeps heading to its normal value as Central Bank of Nigeria hands off on the country's currency. The naira declines 0.3% to 294.25 against the United States Dollar as of 2:54pm in Lagos, record low on a closing basis. Also, Naira to dollar 3-month...

The Nigerian naira on Tuesday immediately reacted to the International Monetary Fund adjustment on Nigeria's economic outlook for 2016 by sliding to all time low at the inter-bank market. The Naira weakens 3.4% to N293.25 to a dollar at 3:23pm in Lagos, the commercial hub of Nigeria. The...

The Naira received its worst bashing last week at both the parallel and official markets, thus signalling more pains for Nigerians. The naira hit a record low of 295.25 on thin trade at the interbank market, a month after the CBN lifted its currency peg, Reuters reported. On Monday morning...

Failure of President Muhammadu Buhari led federal government to meet revenue targets for the first and second quarters, persistent oil production shut-in from militancy and foreign exchange supply challenges have renewed concerns on the feasibility of the 2016 budget. The problems have also...

The CBN has finally bowed to pressure mounted by the financial markets and analysts to freed the nation’s currency so that its rate on the Nigeria Interbank Foreign Exchange (NIFEX) will be determined by the interplay of demand and supply. According to ThisDay reports, the apex bank will...

Nigerian Naira, Thursday rose slightly at 283.10 to a US dollar, sixteen official business day after the Central Bank of Nigeria removed peg on the country's currency rate. Nigerian naira gained 0.1% to 282.68 against the USD as of 1.17pm in Lagos, commercial hub for 2nd Day in a roll according...

Nigerian naira gains 1.3% to 280.10 against the US Dollar as at 11.38am in Lagos, commercial hub of the country. The gain is poised for biggest advance since Feb. 16, 2016. According to Bloomberg, the Naira to dollar 3 month non-deliverable forwards also fell 0.1% to 290.85 to the US...

The Naira on Monday weakened slightly against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency shed 1 point to trade at N353 by midday, from N352 it traded on Friday. However, the Naira hedged against the Pound Sterling and the Euro as it...

Nigerian naira on Monday rises by 0.5% to N280.65 to a United state dollar as at 11am in Lagos, the commercial nerve city of the country. According to Bloomberg news, the naira extended gain of 0.6% this week despite the three days off declared by the federal government. Naira to dollar on...

Nigeria’s naira, yesterday, rose against the dollar, heading for its first gain since starting to trade without a peg three days ago, as the central bank sought to stabilize the market by selling dollars. According to Data obtained from the Bloomberg terminal, the naira rose 0.7 percent to...

Naira fell for a third day of trading without a peg, even after the nation’s central bank said it was confident it had cleared a backlog of foreign-currency demand. The naira fell 0.5 percent to 286 per dollar by 8:40 a.m. in Lagos, the commercial capital, after weakening 0.7 percent Tuesday...

The naira plunged by 31 per cent to 288.85 against the United States dollar on Monday at the close of trading at the newly established interbank market. The local currency also depreciated at the parallel market where it closed at 346 to the greenback, down from around 330 and 335 on Friday...

Naira weakens to 24% to 260 against United States Dollar as of 11.06am in Lagos, commercial capital as Central Bank of Nigeria allows currency to trade freely, according to a data gathered from the Bloomberg terminal. Earlier the Naira weakened to N253 to a dollar as the operation of the inter...

Nigeria’s naira weakened 22 percent to 253.50 per dollar after the central bank allowed the currency of Africa’s biggest economy to float freely on Monday. Demand for foreign currency has built up to about $3 billion since capital controls were imposed 15 months ago to defend the currency’s peg...

As the Central bank of Nigeria set to name the lead players in the foreign exchange market today, about fours banks have met the criteria set by the regulatory agency. The lead players would be known as Foreign Exchange Primary Dealers, FXPD. Though CBN’s guidelines indicated that about eight...

Brenna Daldorph has penned down this opinion for the Radio France Internationale on the new foreign exchange policy of the Central Back of Nigeria. READ: Nigerians have been busy debating the government’s decision to ease currency controls, which have been blamed for stagnating the economy...