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,...
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...
The slide in the value of the naira against the dollars has caused the price of aviation fuel, known as Jet A1, to skyrocket, Daily Trust checks have shown.
The price which stabilized in recent times, selling between N220 to N255 per litre, has increased...
The Central Bank of Nigeria (CBN) has pegged the Naira exchange rate for payment of school fees (strictly universities) abroad and Personal Travel Allowance (PTA) at N375 to the dollar.
The central bank disclosed this in a closed-door meeting it held with all chief executive officers...
The naira dropped against the United States dollar to 499 on Tuesday, from 498 on Monday as lingering scarcity of the greenback continued to weigh on the market Reuters reported.
The local currency had reversed its Friday’s loss against the dollar, and closed at 498/dollar.
The...
