Naira Plunges, Exchanges For N440/$     The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales to the Bureau de Change Operators on Monday. The naira had last week dropped from N480/$ to N420/$, following the Central...

Naira Set To Gain As CBN Resumes Forex Sales     The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today) will strengthen the exchange rate of the naira to the dollar according to the operators. In a...

Naira Rebounds, Exchanges For 420/$, Speculators Count Losses     The naira exchanged to the dollar at the parallel market at N420/$ on Wednesday, following the interventions made by the Central Bank of Nigeria in the Investors and Exporters window. Prior to CBN’s renewed intervention in the I&E...

Naira Gains 9.7% At Parallel Market     The naira appreciated on the parallel market on Tuesday. It gained 9.65 per cent against the dollar. Forex traders attributed the appreciation of the currency to Central Bank of Nigeria’s (CBN’s) plan to restart forex sales to Bureaux de Change. The...

CBN To Resume Forex Sales To BDCs Sept 7     The Central Bank of Nigeria has said it will resume the sale of foreign exchange to the Bureau De Change segment of the foreign exchange market on September 7. The CBN stated this in a circular entitled...

Uncertainty Over Resumption Of Dollar Sales To BDCs     The Naira, last week, continued its downward slide in the parallel market, where it depreciated further to N477 per dollar amidst uncertainty over resumption of dollar sales to Bureau de Change (BDC) operators ahead of the scheduled...