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Naira

Naira depreciates further at black market on strong demand

Nigeria’s currency on Friday depreciated further by 0.39 percent to close at N510 per dollar as against N508/$ closed on Thursday at the black...

Naira closes strong despite 61.90% drop in liquidity

Nigeria’s currency on Thursday firmed by 0.19 percent against the dollar at the official market in spite of over 60 percent drop in liquidity.Naira/dollar...

Reps direct CBN to urgently check further devaluation of Naira

The House of Representatives on Wednesday directed the Central Bank of Nigeria (CBN) to urgently put in place a policy to check further devaluation...

Naira gains 0.02% to N409.67/$ at I & E FX window

The exchange rate between the naira and the US Dollar closed at N409.67 to a dollar at the Investors and Exporters window.The Naira appreciated marginally...

Why we introduced Naira 4 Dollar Scheme – CBN

The Central Bank of Nigeria has explained the reason for the introduction of the Naira 4 Dollar Scheme for Nigerians in the diaspora who are...

Naira Abysmal Appreciation

By Adefolarin A. OlamilekanThese are not the good times for the Nigerian Naira currency. The Nigerian economy, its Central Bank, the custodian of its...

Naira Gains 9.3% at Parallel Market on Planned CBN’s Intervention

The naira strengthened to N435 to a dollar at the parallel market yesterday as against about N480 to a dollar it had been trading...

Why naira is on a free fall against the dollar

By Amadin Idahosa and Joshua TasieThe latest exchange rate of the naira against dollar is currently placed at N379, from the initial N361 to...

Naira strengthens marginally to dollar at I&E window

The Naira on Monday gained marginally to the dollar at the Investors and Exporters (I &E) window closing at N389.25 to a dollar as...

Naira weakens further as dominant currencies alter pricing decisions

The International Monetary Fund has expressed concerns that currency movements pose great challenges to developing countries’ domestic economy, especially trade.The concerns is to the...

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