Naira Soars by 21.8% Against Dollar in March
In March 2024, the Naira saw a dramatic turnaround against the US dollar, with the exchange rate closing at N1309/$1 on the last trading day of the month.
This marked a significant 21.8% gain from the rate of...
Naira Appreciates, Sell for N1,350/$ 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
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
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/$1.
In a circular issued by the...
CBN Policies Working as Exchange Rate Sees Highest Gain in 6 Weeks
The exchange rate between the Naira and the US Dollar gained 1.52% to close at N1,431/$ 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
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...
