Dollar Debts: CBN To Repay Banks, Naira Rebound Likely   The Acting Governor of the Central Bank of Nigeria (CBN) Folashodun Shonubi, has said the apex bank will repay banks all outstanding forward contract debts in the next one to two weeks. Although he did not disclose...

Naira Loses, Exchanges N773.42 at I&E Window, N895 at Black Market   The naira depreciated against the dollar on Wednesday as it exchanged at N773.42 at the Investors and Exporters window. According to a report by the News Agency of Nigeria (NAN), the naira lost by 0.35...

Naira Slides Further As Dollar Shortage Hits Banks   The widening gap between the demand and supply of dollars in the banks and at the parallel market has continued to worsen the value of the naira. In less than three weeks, the naira lost N100 after sliding...

Naira Gains, Exchanges At N757.51/$   The Naira on Tuesday appreciated against the dollar, exchanging at N757.51 at the Investors and Exporters window. The Naira gained by 2.23 per cent when compared with N774.78 for which it exchanged for the dollar on Monday. The open indicative rate closed...

Naira Gains, Closes At N791/$ In Official Market   The naira yesterday recorded marginal gain of N1 to close at N791/$ in the official Investors and Exporters (I&E) window. The local currency closed at N792/$ at the official window on Monday however continued depreciation at the parallel...

Dollar Exchanges For N876/$ As Forex Shortage Worsens   The naira maintained its downward trend against the dollar as it traded for 876/$ at the parallel market on Sunday. Some Bureau de Change operators said the local currency had earlier exchanged to the dollar at 820 a...