Tag: Naira

Naira Sells N413.07/$1 at I&E, N570/$1 at Black Market - As observers await a possible policy action from the Central Bank of Nigeria (CBN) on Friday just like it happened on July ...

Crumbling Naira value raises fear of hyper-inflation - There are growing concerns that unless drastic measures are urgently taken, the current unprecedented downward spiral of the Naira may lead to a ...

Naira Loses 0.21% to Trade N411.67/$1 at I&E - The Naira started the new trading week on a wrong note as it depreciated against the Dollar by 87 kobo or 0.21 ...

Nigerian Naira falls to N510/$ at parallel market - THE Nigerian local currency yesterday lost N5 to close at N510/$1 at the parallel market over rising volatility in the foreign exchange ...

Naira Now N508/$1 at Unregulated FX Market as Pressure Eases - The value of the Naira against the United States Dollar at the black market has further strengthened to N508/$1, Financial Watch reports. ...

Nigerian Naira Loses against USD at Parallel Market as CBN Stops dollar Sales to BDCs - In the just concluded week, Naira depreciated against the greenback at the Bureau De Change ...

Nigeria’s Central bank orders banks to create teller points for foreign exchange transactions - The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks, DMBs to create teller points for ...

Nigeria central bank says e-naira will make transactions cheaper - The Central Bank of Nigeria (CBN) has said that transactions will be cheaper to conduct with Nigeria’s digital currency, e-naira. ...

Naira falls to new lows As CBN Channels N2.3tn Forex Sales to Commercial Banks - The naira to dollar exchange rate dipped to N505 to one dollar at the parallel market ...

Falling Naira Value Forces Businesses, Companies To black Market - With the value of the naira further declining to N504 to the dollar, businesses and corporates are resorting to sourcing foreign ...