tracking nigeria's currency

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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...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 69]

    Nigerian naira appreciated 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 fell to 480 to the dollar on the...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 67]

    Nigerian naira depreciated by 1.49% against United States Dollar to close at N312.98 at the Inter-bank foreign exchange market. At the parallel market, the currency down to N452.00 to the dollar as shortages on the official market persist, funneling importers to the unofficial market, amidst...
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    Business Naira Now N445 to a Dollar At Parallel Market

    The naira sustained its decline on the parallel market as it slipped to N445 to the dollar yesterday, lower than the N440 to the dollar it closed on Friday as pressure and activities of speculators continued to hurt the nation’s currency. But on the interbank FX market, the spot rate of the...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 66]

    Nigerian naira depreciated by 0.19% against United States Dollar to close at N308.37 at the Inter-bank foreign exchange market. At the parallel market, the currency down by 0.68% to N445.00 as against 436 on Thursday and 435 on Friday as dollar shortages on the official market persist...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 65]

    Nigerian Naira appreciated 1.69 percent against United States dollar sixty five business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency closed 307.79 naira to a United States dollar at the Inter-bank market. At the parallel market, the currency hit a...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 64]

    Nigerian Naira depreciated 0.96 percent against United States dollar sixty one business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency closed 313.07 naira to a United States dollar at the Inter-bank market. At the parallel market, the currency hit a...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 63]

    Nigerian Naira appreciated 0.08% against United States dollar sixty-two business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency closed 310.08 naira to a United States dollar at the Inter-bank market. The country’s debt profile has risen by 4.17...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 61]

    Nigerian Naira appreciated 0.16% against United States dollar sixty one business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency closed 315 naira to a United States dollar at the Inter-bank market. The Central Bank of Nigeria’s Monetary Policy...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 60]

    Nigerian Naira depreciated by 0.16% against United States dollar fifty-nine business days after the Central Bank of Nigeria removed peg on the Nation's currency. Meanwhile, Nigerian inflation rate accelerated to to 17.6 in August, 2016, compounding President Muhammadu Buhari-led federal...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 59]

    Nigerian Naira appreciated by 0.07% against United States dollar fifty-nine business days after the Central Bank of Nigeria removed peg on the Nation's currency. The currency advance slightly at the inter-bank foreign exchange market to close at N315.25. The naira has been under pressure as...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 56]

    Nigerian Naira depreciated against the United States dollar to close at N325.25 at the inter-bank market, fifty-six days after the Central bank of Nigeria removed peg on the nation's currency. Meanwhile, the National Council of State of Wednesday said that it approved the steps being taken by...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 55]

    Nigerian Naira appreciated 0.18% against the United States dollar to close at N314.35 at the inter-bank market, fifty- five days after the Central bank of Nigeria removed peg on the nation's currency. At the parallel market, the naira closed flat at N422.00 against the Dollar. Traders are...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 53]

    Nigerian naira on Monday appreciated 0.2% to closed 314.75 to a United States dollar at the inter bank market, fifty- three days after the Central bank of Nigeria removed peg on the nation's currency. On the parallel market, the currency appreciated to 415 to the dollar against N420 the...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 52]

    The naira on Friday depreciated by 0.47% against United States dollar to close at N314.77 in Interbank market, fifty-two days after the Central bank of Nigeria introduced the flexible exchange rate policy. On the parallel market, the currency appreciated by 0.83% to close at N420.00. Naira...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 50]

    The naira on Wednesday appreciated against Dollar to close at N314.25 at the inter-bank market, fifty days after the Central bank of Nigeria introduced the flexible exchange rate policy. Meanwhile, the Central bank of Nigeria (CBN ) has reinstated the nine banks that were recently suspended...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 49]

    The naira on Tuesday appreciated by 0.22% against Dollar to close at N318.14 at the inter-bank market, forty -nine days after the Central bank of Nigeria introduced the flexible exchange rate policy. The currency slipped by 0.73% to N415.00 in parallel market. The interbank market recorded an...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 48]

    The naira on Monday depreciated slightly to close at 314.75 to the dollar at the inter-bank market, forty -eight days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. The currency on Friday closed at 314.25 to the dollar...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 47]

    The naira on Friday appreciated slightly to close at 314.25 to the dollar at the inter-bank market, forty -seven days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. Meanwhile, the Nation's naira was quoted at an all-time...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 46]

    The naira on Thursday appreciated to close at 338.75 to the dollar at the inter-bank market, forty -six days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. The Currency initially weakened 8.9% to 342.05 per dollar by...
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