Currency retailers and experts have said the naira will trade slightly below 500 per United States dollar this week despite the commencement of the sale of foreign exchange to Bureau De Change operators by the Central Bank of Nigeria last week. The CBN had through...

The Naira on Tuesday stabilised at N490 to a dollar at the parallel market in spite of speculations that it would depreciate to N500 to a dollar by the end of 2016, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro...

The Naira on Wednesday fell further to N492 to a dollar at the parallel market, from N490 it closed on Tuesday, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro closed at N605 and N505 respectively. At the Bureau De Change (BDC)...

Naira Before falling to 487 on Friday, the local currency had consecutively closed flat at 485 for four days last week. The severe shortage of the dollar has put the naira under persistent pressure at both the official and parallel forex markets. The global crash in the...

The naira is expected to strengthen this week on improved dollar supply to the market, currency dealers have predicted. The naira fell to N470 to the dollar on the parallel market last Friday, as against the N455 to the dollar it was the preceding Friday....

The naira continued its appreciation on the parallel market yesterday as it climbed to N468 to the dollar from N470 to the dollar the previous day, following the implementation of an arrangement that saw the intervention of Travelex in the Bureau De Change (BDC) ...