Nigeria’s foreign exchange reserves rose marginally by 1.05 percent month-on-month to $29.80 billion by May 15...
In an apparent move to check the trending dollarisation of the Nigerian economy and cut down...
The Central Bank of Nigeria has started talks with banks and currency dealers on how to...
More Currencies News
Offloading of dollars triggers massive naira appreciation at parallel market
The peaceful outcome of the recently concluded presidential election has seen massive offloading of...
- Posted April 5, 2015
Naira gains 7%, now 211 to dollar
The naira appreciated by seven per cent to 211 against the United States dollar...
- Posted April 3, 2015
Scarcity of dollars hits Foreign Exchange Market
Most firms in Nigeria seeking to utilise and remit US dollars overseas are finding...
- Posted March 20, 2015
Experts say naira devaluation imminent
Although the Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has ruled out the...
- Posted February 17, 2015
Further devaluation of naira inevitable – Rewane
Renowned financial expert and Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has...
- Posted February 13, 2015
Naira slides to 200 against dollar
These are not interesting times for the naira, which entered a free-fall mode on...
- Posted February 12, 2015
Naira hits record low 196.30 to dollar
The naira hit an all-time low of 196.30 against the dollar at the interbank...
- Posted February 11, 2015
Central Bank’s intervention at Interbank bolsters naira
The naira appreciated by N2.85 against the United States dollar at the interbank arm...
- Posted February 6, 2015
Naira rises on strong dollar inflow
The naira firmed sharply on Wednesday after the Nigerian National Petroleum Corporation (NNPC) sold...
- Posted January 30, 2015