Naira Exchanges For N580/$ At Parallel Market
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market.
Some Bureau de Change operators who spoke to our correspondent said that the naira to the dollar was...
US Dollar vs NIG Naira: The Real Issues, by Dr Oni Gbolabo
1. Appreciation and depreciation of currency is not related to race or color or who is the president be it Hausa, Igbo or Yoruba. It is basically about production of goods and services...
CBN Warns Against Speculation, Manipulation Of Forex
The Central Bank of Nigeria has warned Nigerians to be wary of the activities of speculators who sought to manipulate the market for unpatriotic reasons.
In a statement by the Spokesman of the Central Bank of Nigeria, Mr Osita...
AbokiFX: BDCs Halt Exchange Rate Publication, Naira Slides Further
The naira defied all interventions and continued sliding against other currencies, exchanging 580 to the dollar at the parallel market on Monday. The rate was N570/$ on Friday.
In another development, the official website of the Central...
Beyond Aboki: The Ifekaego Foreign Exchange Tutorial, by Kingsley Moghalu
The most important determinant of the value of the Naira is whether or not the Nigerian economy is productive and competitive in international trade. That is to say, whether it has a diversified base of...
Naira Declines Further, Exchanges For 570/$
The naira continued its downward trend after exchanging to the dollar for 570 on Thursday.
A week earlier, the naira had traded to the dollar at the rate of 534.
According to the official website of the Bureau de Change operators,...
