CBN Sustains FX Intervention, Naira Appreciates The naira appreciated to N362 to a dollar wednesday, stronger than the N366 to a dollar it was as at the close of business on Monday. This is just as the Central Bank of Nigeria (CBN) once more intervened in...

Naira Drops To N307/$ As Official Rate On Monday for the first time on the official inter bank market,The Central Bank of Nigeria (CBN) sold dollars at N307, according to the FMDQ OTC. Traders said the development could signal a gradual move to merge its multiple...

Dollar Sells At N362.5  at parallel market The Naira on Tuesday maintained N362.5 to the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro closed at N480 and N430. At the Bureau De Change (BDC) window, the Nigerian...

The naira has depreciated marginally to N360.13 per dollar in the Nigeria Autonomous Foreign Exchange Window (NAFEX)​. The local currency had closed at N360.08 last weekend. ​Meanwhile, the Central Bank of Nigeria (CBN) ​yesterday, injected 195million dollars into the inter-bank Foreign Exchange(Forex) Market. Isaac Okorafor, ​a​cting Director​,...

The naira yesterday depreciated to N458 per dollar in the parallel market due to uncertainty over dollar sales to bureaux de change (BDCs) by the Central bank of Nigeria (CBN). Meanwhile the apex bank yesterday concluded arrangement to release into the foreign exchange market $195...

As the Naira continues to appreciate against the dollar and other foreign currencies amid liquidity boost, indications emerge that CBN is unrelenting in its move to ensure more liquidity in the interbank FOREX market, as it will inject more foreign exchange into market early...