Tag archive for ‘Naira’
By Bar and Bench On Friday, August 18th, 2017
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Forex: Naira loses against dollar

The naira on Thursday continued to fall against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency lost one point to exchange at N368, weaker than N367 posted on More...

By Bar and Bench On Friday, July 14th, 2017
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Naira records further gains against dollar

The Naira on Thursday recorded further gains against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained 0.5 points to close at N366.5 to a dollar, stronger More...

By Bar and Bench On Monday, July 10th, 2017
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After CBN’s offer of $450 million in one week, Naira gains further

Following the latest interventions by the Central Bank of Nigeria (CBN) through injection of $449.3million,the naira has further strengthened against the dollar at the weekend as it exchanged for N365 per dollar More...

By Bar and Bench On Sunday, July 9th, 2017
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Naira may crash again–Boyo

In spite of the perceived stability in the foreign exchange market after months of serious crisis, renowned economist and Lagos-based industrialist, Henry Olujimi Boyo, in this interview with Onyedika Agbedo, insists More...

By Bar and Bench On Thursday, July 6th, 2017
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Again, Naira sustains gain against dollar

The Naira on Wednesday traded at N365 to a dollar, stronger than N366 its closing rate on Tuesday, while the pound sterling and the Euro exchanged at N468 and N412, respectively. The official interbank market however More...

By Bar and Bench On Tuesday, June 13th, 2017
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Naira records marginal gain, closes at 364/dollar

The naira on Monday posted a marginal gain against the United States dollar at the parallel market, closing at 364/dollar. The local currency closed at 365/dollar on Sunday. The marginal gain was recorded on a More...

By Bar and Bench On Monday, May 8th, 2017
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Naira appreciates against dollar at parallel market

The Naira on Monday appreciated against the dollar at the parallel market, NAN reports. The Nigerian currency gained three points to exchange at N388 to the dollar, stronger than N391 it traded on Friday, while More...

By Bar and Bench On Friday, April 21st, 2017
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Dollar glut hits market as Naira appreciates further

Aftermath of the pumping of $380 million into the market by the Central Bank of Nigeria between Tuesday and Wednesday, the Naira on Thursday appreciated significantly by N20 in one day to close at N380 to the dollar. Naira More...

By Bar and Bench On Wednesday, April 5th, 2017
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Naira overvalued by 20% – IMF

The International Monetary Fund (IMF) on Wednesday said the naira is overvalued by 10 to 20 per cent. The IMF mission chief for Nigeria, Gene Leon, said the overvaluation of the naira is “somewhere to the tune More...

By Bar and Bench On Monday, April 3rd, 2017
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Naira falls further to N395/Dollar

The naira on Monday depreciated further at the black market despite the commitment of the Central Bank of Nigeria (CBN) to boost liquidity in the market. The naira lost two points to exchange at N395 to the dollar More...