Naira depreciates to N770.38/$ as demand pressure hits I&E
By Babajide Komolafe & Elizabeth Adegbesan The Naira yesterday depreciated by 16 per cent to N770.38 per dollar in the Investors and Exporters (I&E) window following a surge in demand for...
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Naira drops further at investors, exporters window
Naira drops further at investors, exporters window The Naira on Tuesday dropped further, exchanges for N763 against the dollar at the Investors and Exporters window. The Naira depreciated by 0.67 per...
View ArticleCBN announces Naira remittances payout option
• Money Transfer Operators to use I & E Window rate The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators to commence remittances payout in Naira to beneficiaries....
View ArticleNaira hits new low at N820/$, as forex supply gap persists
By Babajide Komolafe, Economy Editor & Elizabeth Adegbesan At the backdrop of sustained supply gap in Nigeria’s foreign exchange (forex) market, the local currency, Naira, has hit a new low at the...
View ArticleNaira appreciates in parallel market, steadies for 3 day
The post Naira appreciates in parallel market, steadies for 3 day appeared first on New Nigerian Politics.The naira has continued to appreciate in the parallel market in the last three days even as it...
View ArticleNaira falls to N927.19/$ in official market
The post Naira falls to N927.19/$ in official market appeared first on New Nigerian Politics.By Elizabeth Adegbesan The naira today depreciated to N927.19 per dollar in the Nigerian Foreign Exchange...
View ArticleNaira falls 18% to N951.22/$ in NAFEM
The post Naira falls 18% to N951.22/$ in NAFEM appeared first on New Nigerian Politics.By Elizabeth Adegbesan The naira yesterday depreciated to N951.22 per dollar in the Nigerian Foreign Exchange...
View ArticleNaira drops to N2,000/1£ at parallel market
By Enioluwa Adeniyi Nigeria’s local currency, the naira, has plummeted to a new low, now trading above 2,000 naira against the Great Britain Pound in the parallel market. This was confirmed by a...
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IMF sees Naira depreciating by 35% to N2,081/$1 in official market
By Yinka Kolawole The International Monetary Fund, IMF, has warned that the official exchange rate may further depreciate by about 35 per cent, this year, adding that this could lead to inflation...
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Naira strengthens to N1,000 against Dollar
Naira strengthens to N1,000 against Dollar By Sikiru Obarayese The value of the naira gained strength midday on Monday, opening at N1,130 to the dollar but rising to N1,000 by noon at the parallel...
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