Tag archive for ‘Naira’
By Bar and Bench On Tuesday, June 13th, 2017

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

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

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

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

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...

By Bar and Bench On Sunday, March 26th, 2017

As Naira appreciates, Bureau de Change operators lose N130 million in one week – Official

The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last one week, the News Agency of Nigeria, NAN, reports. While the Naira appreciated, the leader of bureau de change operators in More...

By Bar and Bench On Friday, March 24th, 2017

Naira gains strength, now 380 per dollar

The Nigerian currency on Friday afternoon exchanged between N380 (buying rate) and N390 (selling rate), stronger than N400 recorded on Thursday, while the pound sterling and Euro closed at N490 and N430. At the More...

By Bar and Bench On Thursday, March 23rd, 2017

Dollar exchanges at N395, drops below N400/$ for the first time in seven months

The dollar on Wednesday traded at N399 to the dollar in Lagos and exchanged at N395 in Abuja. The development was the first in the last seven months that the dollar would fall below the N400 barrier With the gains More...

By Bar and Bench On Tuesday, March 21st, 2017

Forex: Again, Naira gains against dollar

Naira on Monday again extended its gain against the dollar as it was sold at N440-N445 per dollar The currency exchanged at N440 (buying rate) and N445 (Selling rate) to a dollar, from N445/N450 it traded on Friday, More...

By Bar and Bench On Monday, March 20th, 2017

Naira to appreciate further as CBN boosts Forex sale

The naira is set to appreciate further in the week as the Central Bank of Nigeria (CBN) plans to inject more foreign exchange (forex) into the market to meet the requests of genuine customers. The spokesman of More...