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Naira Appreciates, Sell for N1,350/$ in parallel market, Remains N1,251 in CBN

Naira Appreciates, Sell for N1,350/$ in parallel market, Remains N1,251 in CBN The naira yesterday appreciated to N1,350 per dollar in the parallel market from N1,430 per dollar on Monday. Similarly, the naira yesterday appreciated to N1,382.95 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data...

Naira Continues to Strengthen, CBN Sells N1,251 per Dollar

Naira Continues to Strengthen, CBN Sells N1,251 per Dollar The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them that it has sold $10,000 to each BDC at a rate of N1,251/$1. In a circular issued by the...

Naira Continues to Strengthen, CBN Sells N1,251 per Dollar

Naira Continues to Strengthen, CBN Sells N1,251 per Dollar The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them that it has sold $10,000 to each BDC at a rate of N1,251/$1. In a circular issued by the...

CBN Policies Working as Exchange Rate Sees Highest Gain in 6 Weeks

CBN Policies Working as Exchange Rate Sees Highest Gain in 6 Weeks   The exchange rate between the Naira and the US Dollar gained 1.52% to close at N1,431/$ on Friday, March 22, 2024, continuing an upward trend that has lasted for seven consecutive days. According...

CBN Policies Working as Exchange Rate Sees Highest Gain in 6 Weeks

CBN Policies Working as Exchange Rate Sees Highest Gain in 6 Weeks   The exchange rate between the Naira and the US Dollar gained 1.52% to close at N1,431/$ on Friday, March 22, 2024, continuing an upward trend that has lasted for seven consecutive days. According...

Naira Gains Against Dollar on Parallel Market, Exchanges for N1,400/$

Naira Gains Against Dollar on Parallel Market, Exchanges for N1,400/$ The parallel market has seen the naira strengthen against the dollar, with a buy price of N1,400/$1 quoted for those holding dollars looking to sell. The rise in the naira is due to waning demand,...