Analysts Forecast Naira Devaluation To N400/$
The naira has been tipped to depreciate by between 10 and 20 per cent next year as the impact of falling crude oil prices and foreign exchange reserves persist.
Local and foreign analysts predicted that a decline by 10 per...
Dollar Rates: Nigeria Records Zero Rise In Budget, Capital Spending In 10 Yrs – Data
In terms of the foreign exchange (forex) rates in the United States dollars equivalent, Nigeria may not have increased its budgetary and capital spending in the last 10 years, data...
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, acting Director,...
