FOREX

US Dollar Falls, Commodity Currencies Rise as Payrolls Data Looms

The US Dollar retraced downward having launched a broad-based recovery against its major counterparts in the first half of the week. Taken together, price action probably reflects corrective pre-positioning ahead of Friday’s much-anticipated release...

Naira down to 320.5 against the dollar

The naira has depreciated slightly, exchanging at N320.5 to the dollar at the parallel market. According to NAN, the naira lost 50 kobo on Wednesday afternoon, from the N320 it traded against the dollar on...

Naira weakens slightly against dollar at parallel market

The naira weakened slightly against the dollar at the parallel market on Friday as it exchanged at N321 to the dollar. The News Agency of Nigeria (NAN) reports that the Nigerian currency lost N1 to...

Naira sells N322 to a dollar at parallel market

The naira on Monday traded at N322 to a dollar at the parallel market in Lagos. The News Agency of Nigeria (NAN) reports that the currency was stable the previous week, maintaining a value of...

PZ Cussons Says They buy dollar at N320

PZ Cussons Plc says it is paying as much as 70 per cent more than the official rate for dollars as the Central Bank of Nigeria trading restrictions reduce availability of foreign currency in...
naira currency

Naira Exchanges For N322 Per Dollar At Parallel Market

The Naira on Wednesday, April 13 exchanged for N322 to the dollar at the parallel market. According to the News Agency of Nigeria, NAN, the Naira lost N0.5 from N321.5 it traded previously. However, the Pound...

Naira exchanges for N322 to dollar at parallel market

The Naira on Wednesday exchanged for N322 to the dollar at the parallel market. The News Agency of Nigeria (NAN) reports that the Naira lost N0.5 from N321.5 it traded previously. However, the Pound Sterling and...

CBN to relax FX Policy as Act of 2004 opens Windows Of Opportunity

There may be relief soon for Nigerian businesses and manufacturers as the Central Bank of Nigeria (CBN) moves to reform and restore liquidity and two-way quotes to the autonomous foreign exchange (FX) markets which...

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