Naira Exchanges For N474/$      The naira exchanged to the dollar in the parallel market at N474/$ on Thursday. The naira which recorded slight improvement in recent days closed at the Importer & Exporter forex window at N394.6/$. However, the Central Bank of Nigeria retained the official exchange...

Labour Drums Support For CBN Over Naira Value     Organized labour has commended the recent measures of Central Bank of Nigeria (CBN) aimed at shoring up the value of the Naira. The Naira recently reversed its depreciation trend in the parallel market, recording N20 gain against the...

Naira Bounces Back, Appreciates To N470/$ In Parallel Market       The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar. The naira had earlier depreciated by N30 against the dollar, as the parallel market...

Naira Abysmal Appreciation By Adefolarin A. Olamilekan       These are not the good times for the Nigerian Naira currency. The Nigerian economy, its Central Bank, the custodian of its monetary policy, which many of her citizens expects to engineer sound monetary policy that would have safeguard the...

IMF Seeks Unified Exchange Rate For Naira         The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate for the naira. It remained stable at N378 to dollar on the CBN’s official rate. The naira was on...

Export Proceeds, Remittances Diverted To Parallel Markets Weakening Naira         The continued diversion of export proceeds by exporters and diaspora remittances inflows to the parallel market are responsible for the ongoing depreciation of the naira against the dollar, global forex dealers have said. Trading Desk Manager, AZA,...