Tag: Naira
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Naira gains 1.9% to close at N1,517.93
The Naira ended the week positively on Friday, trading at N1,517.93 to a Dollar in the official market. Data from the Central Bank of Nigeria (CBN) showed that the Naira, which had been falling since March 5,
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NNPC clarifies Naira crude contract with Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says its contract with Dangote Refinery for the sale of crude oil in Naira was structured as a six-month agreement. The Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, on Monday in a statement said
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Naira depreciates by 0.43%
The Naira depreciated in the official market on Monday, trading at N1,498.98 to a Dollar. Data from the Central Bank of Nigeria (CBN) showed the Naira lost N6.49.
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Naira continues to nosedive against Dollar at Black Market
The Naira has continued to slide further against the dollar at the parallel foreign exchange market on Thursday. A Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Alhasan, said that the Naira dropped to N1500 per dollar on Thursday from N1490 exchanged on Wednesday. This showed that the Naira fell by N10 against…
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Naira gains as CBN sustains FX reforms
The Naira appreciated further at the official market on Monday, trading at N1,497.11 against the Dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira gained N3.62.
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CBN lavished $8bn to shore up Naira against Dollar at FX Market
The Chief Executive Officer of Financial Derivatives, Bismark Rewane, has revealed that the Nigerian government, through the Central Bank of Nigeria, has lavished almost $8 billion defending the naira at the foreign exchange market in the last months. Rewane, a renowned economist, disclosed this at the weekend in an interview with Channels Television.
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NAIRA bounces back in three-day appreciation against Dollar on black market
The naira recorded three consecutive days of appreciation against the dollar in the parallel foreign exchange market, ending the week on a high note on Friday. This comes as a Bureau de Change operator in Wuse Zone 4, Abuja, revealed that the naira strengthened to N1,565 per dollar on Friday, up from N1,570 on…
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Naira depreciates, operators react as CBN extends FX sale period to BDCs
The Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale period to Bureau de Change (BDC) operators until May 30. This aims to better serve retail market demands.
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Naira ends week stronger against Dollar
The Naira further appreciated in the official market on Friday, trading at N1,474.78 to the Dollar. Data from the FMDQ Securities Exchange official forex trading platform revealed that the Naira gained N11.17.
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Naira records further gains against Dollar at official market
The Naira further appreciated at the official market on Wednesday, trading at N1,510.72 to a Dollar.