Naira Appreciates to 1,609/$ at Official Market
The naira appreciated marginally against the United States dollar to N1,609 on Wednesday at the official market from N1,615.94 recorded the previous day.
This indicates an increase of N6 or 0.37 per cent.
The slight improvement came on the heels...
CBN to Sell $20,000 to BDCs, Pegs Exchange Rate at N1301 to a Dollar
The Central Bank of Nigeria (CBN) has announced the sale of foreign exchange to Bureau de Change (BDC) operators in the country.
This was contained in a memo issued on Tuesday and...
Again, Naira Falls At Parallel N1,680/$1, Official Rates Gains to N1,582/$1
The naira yesterday experienced a U-turn on its gaining streak as it slightly depreciated at the parallel market to N1,680/$1.
However, the official Nigerian Autonomous Foreign Exchange (NAFEM) gained closing yesterday at N1,582.94 signifying an...
Operator to Tinubu: Ban Dollar Cash Transactions To Save Naira
The Group Managing Director of CFL Group, Lai Omotola, has urged President Bola Tinubu to sign an executive order prohibiting dollar cash transactions to save the naira from further depreciation.
Omotola noted that several economic policies...
How a Dollar Can Exchange for N160 in Nigeria, by Prof. Ahmed Adamu
The recent free fall of the Naira, plummeting from N460 to a staggering N1,600 at the official rate, has cast a dark shadow over Nigeria's economic landscape. With inflation soaring from 22%...
Naira Appreciates to 1,468 per Dollar as MPC Meets
After weeks of free fall, the Naira has finally made a comeback against the US dollar, reaching a new high of 1,468 in the official market.
According to Economic Confidential findings at the parallel market, the average...
