Naira Strengthens To 512/$1 As Banks Sell For N412/$       The naira appreciated against the dollar at the parallel market on Monday as deposit money banks set up foreign exchange teller points for customers in line with the directive from the Central Bank of Nigeria. The naira...

Naira Slides To 505/$ As CBN Stops Forex Sale To BDCs     The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators in...

Naira Exchanges For 503/$ At Parallel Market     The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators. Figures obtained from naijbdcs.com, the official website for the licensed BDCs by the Central Bank of Nigeria showed...

Naira Relapses To N500/$1 Despite Marginal Gains     The naira yesterday depreciated to N500/$1 after recording marginal gain against the greenback at the weekend. The naira closed last week at N498/$1, N2 weaker than current position of the local currency. Also, foreign exchange (forex) reserves have dropped to...

Naira Weakens To 4-Year Low As Dollar Sells For N502/$1   Nigeria’s currency weakened to a four-year low in the parallel market after the central bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and...

Naira In Best Health Against Dollar - Garba Shehu       Senior Special Assistant to the President on Media and Publicity, Garba Shehu, says the naira in its best possible health against the dollar. He spoke while featuring on Channels Television’s ‘Sunday Politics’ programme. The Economic Confidential had earlier...