Category Archives: Naira

Naira depreciates against dollar

Lagos – The Nigerian currency, naira, lost N2 to the dollar at the parallel market on Thursday. It exchanged for N369 to the dollar, weaker than N367 posted on Wednesday, while the Pound Sterling and the Euro closed to the naira at N478 and N437, respectively. At the Bureau De Change (BDC), the naira was […]

Naira depreciates to N360.2/$ in NAFEX

By Babajide Komolafe THE naira, yesterday, depreciated further to N360.2 per dollar in the Investors and Exporters (I&E) window. liquidity Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the I&E window, known as Nigeria Autonomous Foreign Exchange (NAFEX) rose to N360.2 per dollar, yesterday, from N359.4 per dollar […]

Naira depreciates as CBN injects $250m

By Babajide Komolafe The naira, yesterday, depreciated against the dollar in the parallel market as well as in the Investors and Exporters (I&E) window, even as the Central Bank of Nigeria (CBN) injected $250 million into the interbank foreign exchange market. Vanguard investigation revealed that the naira depreciated against the dollar by N2 in the […]

Naira depreciates as NAFEX records $178.5m

By Babajide Komolafe The naira yesterday depreciated marginally to N359.7 per dollar in the investors and Exporters (I&E) window while the $178.5 million was traded. Data from the Financial Market Dealers Quote (FMDQ) showed that the   indicative exchange rate for the I&E window, known as Nigeria Autonomous Foreign Exchange (NAFEX) rose to N359.7 per dollar […]

Naira closes at N362 as CBN injects $547m in one week

In anticipation of Sallah holiday, the Central Bank of Nigeria (CBN) on Thursday raised the total intervention for the week to 547 million dollars as against 195 million dollars offered the previous week. The CBN spokesman, Mr Isaac Okorafor in a statement in Abuja, said that the intervention would uplift the Naira exchange rate, boost […]

Naira closes at N362 as CBN injects $547m in one week

Abuja – In anticipation of Sallah holiday, the Central Bank of Nigeria (CBN) on Thursday raised the total intervention for the week to 547 million dollars as against 195 million dollars offred the previous week. The CBN spokesman, Mr Isaac Okorafor in a statement in Abuja, said that the intervention would uplift the Naira exchange […]

Naira appreciates against dollar

The Naira on Tuesday, appreciated against the dollar at the parallel market. The Nigerian currency gained N2 to exchange at N365 to the dollar, stronger than N367 posted on Monday while the Pound Sterling and the Euro closed at N475 and N433. Trading at the Bureau De change (BDC) window saw the Naira closing at […]

Naira stable as CBN injects $250m

By Babajide Komolafe The Central Bank of Nigeria (CBN), yesterday, injected $250 million into the foreign exchange market. Meanwhile, the naira remained stable against the dollar in the parallel market and in the Investors and Exporters (I&E) window of the foreign exchange market. Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, announced the intervention […]