The Naira has again 5kobo against the dollar at the Interbank market, the Central Bank Of Nigeria (CBN) has said. The apex bank, in a statement said t
Read MoreCrude oil futures edged lower toward $65 a barrel as the dollar gained momentum on Monday, May 25 following a public holiday in the United States and
Read MoreAs part of efforts to put a stop to the dollarisation of the Nigerian economy and also combat money laundering, the Central Bank of Nigeria (CBN) has
Read MoreAs a result of the Dollar weakening against the Euro, Oil prices once again rose on Thursday. US benchmark West Texas Intermediate for June delivery r
Read MoreIn line with analysts’ expectations, the naira appreciated at all alternative market segments against the dollar last week. The local currency appreci
Read MoreAs Nigerian stocks and bonds surged after Muhammadu Buhari won last weekend’s presidential election, the naira has made no improvement at the interba
Read MoreThe Naira firmed more than Two percent on the parallel market on Thursday as individuals sold dollars after a peaceful presidential poll in Nigeria, b
Read MoreThe Nigerian Naira firmed at 0.46 percent to 217 against the dollar on Wednesday on the parallel market. According to a dealer, little demand for doll
Read MoreOn Monday, March 23, in a campaign pledge certain to question his grasp of the Nigerian economy, the presidential candidate of the All Progressives Co
Read MoreDespite the scarcity of dollars in the nation’s deposit money banks last week, market survey has shown that shown that volatility in the local currenc
Read MoreNaira closed flat against the dollar on the interbank market on Wednesday in thin trade. Two energy companies made dollar sales, with the Naira closin
Read MoreThe Central Bank of Nigeria (CBN) has been push up against the wall in its attempt to defend the nation’s currency has failed continuously with
Read MoreThe Naira rose 1.13 per cent against the Dollar on the interbank market in thin trade on Monday, supported by dollar flows from Shell Petroleum Develo
Read MoreAnalysts at the Financial Derivatives Company Limited (FDC) have said that the closure of the bi-weekly sale of Forex through the Retail Dutch Auction
Read MoreThe Central Bank of Nigeria has jettisoned its weekly foreign-exchange auctions, a move which sees the apex bank effectively devaluing the naira for t
Read MoreAs part of efforts to curb speculation on the already belabored naira, the Central Bank of Nigeria (CBN) has banned banks from reselling dollars bough
Read MoreThe Nigerian Stock Exchange (NSE) activities closed on a more negative note on Wednesday, February 11, recording a loss of N135 billion in stocks. Ma
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In spite of the Central Bank of Nigeria (CBN’s) $76.32 million special intervention to Bureau De Change (BDC) operators, the naira ended at a record c
Read MoreFor sometime now, the naira has been on the downward spiral, largely due to the drop in oil prices at the international market. However, of recent it
Read MoreThe Central Bank of Nigeria’s intervention is gradually yielding fruits as the naira appreciated by N2.85 against the United States dollar at th
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