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 currency of any country is a source of pride to its citizens. That explains why every country frowns at any form of abuse of its legal tender currency. Here in Nigeria, the abuse of the Naira is one that has continued to be...

The naira tumbled to 520 against the United States dollar at the parallel market on Monday as scarcity of the greenback continued to keep the exchange rate in a free fall mode. The naira had closed at 516/dollar on Friday, after hitting 510/dollar and 507/dollar...

The Naira has continued to depreciate at the parallel market in spite of the steady rise in the nation’s foreign reserves. The Nigerian currency lost three points at the parallel market to exchange at N510 on Wednesday after closing at N507 on Tuesday, while the...

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...