Naira plunges further as CBN resumes dollar sales to BDCs next week
Mr. Gwadabe said that the CBN would be selling about $25 million to BDCs next week
Mr. Gwadabe said that the CBN would be selling about $25 million to BDCs next week
At the official interbank window, the Naira closed at N305 to a dollar.
The currency gained 3 points to exchange at N490.
"The monies that were deposited were received from her at her chambers or her house."
The Naira traded at N305.25 to a dollar at the official interbank market.
Traders said that the demand for dollars was putting pressure on the Naira.
The Pound Sterling and the Euro closed at N602 and N515, respectively.
As the holidays approach, the naira is fast losing strength.
The company says its shareholders funds are in excess of N14.5 billion.
The Naira continued to nosedive at the parallel market, closing at N480 to a dollar.
The naira closed at N305.25 to a dollar.
The labour union says the forex crisis justifies its opposition to the deregulation of the fuel subsidy.
The rate remains volatile at the parallel market amid government clampdown.
At the Bureau De Change (BDC) window, the naira was sold at N390 to a dollar
The Naira remained stable at the parallel market, closing at N465 to a dollar.
"Nigeria has a lot to learn from Britain’s private sector, the academia, tourism industry, the media and entertainment sectors, among ...
Currency traders said it was difficult to put a price on the dollar since it had become scarce.
Scores of money changers have been arrested since Wednesday.
Dozens of money changers have since Wednesday been arrested by officials of the State Security Service, SSS, in Lagos and ...
The Nigerian currency gained N5 in Lagos to exchange at N460 to a dollar.
At the parallel market, the naira gained N5 to exchange at N465 from N470 it traded on Monday.
A expert said speculators take advantage of the movement of the naira to manipulate the market.
The Nigerian currency gained N4.06 at the interbank market.
The cargoes are stacked at the Ikorodu Lighter Terminal.
The currency exchanged at N468 to the dollar as against N470 it traded on Friday.
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All content is Copyrighted © 2025 The Premium Times, Nigeria
