Naira Maintains Stability Ahead Of Elections   The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that the naira has in over 18 months remained stable at both the official and parallel markets, despite several odds facing it ahead of...

Further Devaluation Of Naira Will worsen Debt Position - FSDH   Analysts at FSDH Merchant Bank Limited have said that Nigeria cannot afford another level of devaluation of the currency, saying this will worsen the nation’s debt position. The total public debt increased to N22.71tn in the...

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...

Forex Market Gets $514m Boost Ahead Of Yuletide • Investors price Naira below N360/$ The Central Bank of Nigeria (CBN) ended foreign exchange (forex) market transactions for the week with $303.9 million, as it earlier in the week, sold $210 million to sustain liquidity. This is the...

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...