Tag: Naira

The last time the naira traded at between N390 and N400 to the dollar at the parallel market was in ...

Naira exchanged at N410 a dollar on Wednesday.

A dollar exchanged for N430 on Tuesday.

The accused, however, pleaded innocence of the offence.

The Naira remained stable at the interbank market, exchanging at N307.50 to a dollar.

“Those doubting will lose in their bid to place a wrong bet on the direction the CBN is going,” Mr. ...

“Currency speculators and hoarders would suffer more losses as the CBN injects more dollars to the interbank market."

An economist says CBN's intervention is not sustainable.

The Nigerian currency gained two points to exchange at N455 to a dollar, from N457 it posted on Wednesday.

At the interbank window, the Naira closed at N306.25 to a dollar.

CBN has so far injected $1.34 billion into the market.

The Nigerian currency also traded at N305.8 to the dollar at the interbank window.

The Naira exchanged at N305.80 at the interbank market.

The CBN intervention had brought down the naira exchange rate.

Traders in the market expressed concern about the depreciation of the Naira in spite the gains earlier recorded.

Geonel Integrated Services Limited is accused alongside others of laundering over N38 billion.

The Naira on Wednesday remained stable at the parallel market, exchanging at N450 to a dollar, the News Agency of ...

BDC operators bought dollars at N415 on Tuesday.

The Naira exchanged at N460 to a dollar at the parallel market

A university lecturer says the CBN move can only narrow the gap between the official and parallel exchange rates.

The gain came days after the CBN announced a new forex policy.

Thursday's National Economic Council held tasked the CBN governor to act promptly.

Traders blame the activities of speculators and currency hoarders.

Naira had been stable at the parallel market for three weeks.

Licensed BDC operators bought $250 million on Thursday.