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  • naira_nigeria1-696x466
    Naira appreciates to N365/$1 as CBN injects $195 million into forex market

    The Nigerian Naira has appreciated at the parallel market even after the Central Bank of Nigeria injected $195 million last week in continuation of its intervention in the forex market. According to NAIJ.com findings, the Naira has gained two points to close the day at N365/$1 as against the previous rate of N367/$1. However, the

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  • Naira, Dollar
    Naira To Appreciate As CBN Injects More Dollar Into Forex Market

    Strong indications emerged over the weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market thereby heightening expectations that the Naira will appreciate significantly during the week. The expectations became rife following the inability of the authorized dealers to fully subscribe to various amounts

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  • Naira, Dollar
    Naira loses marginally against dollar

    The Naira on Tuesday depreciated marginally against the dollar at the parallel market. The Nigerian currency on Tuesday afternoon lost one point to exchange at N391 to the dollar, weaker than N390 posted on Friday, while the Pound Sterling and the Euro closed at N498 N420 respectively. At the Bureau de Change window, the Naira

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  • Naira stabilises at parallel market

    The naira on Monday stabilised against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency traded between N380 (buying rate) to N385 (selling rate) on Monday afternoon, maintaining the same rate as at Friday. The naira closed at N495 to pound sterling and N415 to Euro at the

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  • naira_nigeria1-696x466
    JUST IN: Naira sustains gain against Dollar as CBN slashes BDC rate

    The Nigerian Naira on Wednesday, March 29, sustained its growth against the Dollar at the black market as it now trades at N375 per American Dollar from the previous rate of N380. The local currency also appreciated to N465 per Pound and N400 per Euro from the previous rate of N470 and N435 respectively. This

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  • Naira, Dollar
    Dollar crashes again at parallel market

    The greenback on Monday crashed against the Naira, as the Nigerian currency gained 5 points at the parallel market. The News Agency of Nigeria (NAN) reports that the Naira traded at N460 to a dollar, after speculators had forced it 3 points down amid liquidity boost on Friday. However, the Naira weakened against the Pound

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  • Naira, Dollar
    Naira appreciates, sells at N450/$1

    The Naira on Monday continued to strengthen against the dollar and other major currencies, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained N10 to exchange at N450 to a dollar at the parallel market, while the Pound Sterling and the Euro exchanged at N560 and N470. At the Bureau De Change (BDC)

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  • naira
    Should CBN leave naira open to market forces?

    Market forces should be allowed to determine the value of the naira, but you cannot do this half-way. When you say you are opening it up and you still list some items that cannot access foreign exchange at the official market, it is unnecessary. This is part of the beginning of the whole crisis. The

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  • map-nigeria
    Nigeria records 37.14% drop in online fraud

    Nigeria recorded 37.14 per cent decrease in the amount lost to online fraud in the fourth quarter of 2016. The Chief Executive Officer, Electronic Payment Provider Association of Nigeria, Mrs Regha Onajite, said on Tuesday in Lagos that the success was made possible as a result of more collaboration between relevant stakeholders in the industry.

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  • Naira drops to 499 on lingering dollar shortage

    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 local currency had hit 500/ dollar on Friday, from

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