Tag: naira
Naira appreciates at forex markets
Naira gained slightly against the United States dollars at the official market on Friday, data posted on the FMDQ website where official rate [...]
FX rate disparity widens as Naira hits N1000/$1 at parallel market – The Sun Nigeria
By Chinwendu Obienyi
The disparity between the official and parallel market rate is now very much wider than anticipated [...]
Naira gains as FX market liquidity improves
The foreign exchange (FX) closed on Tuesday with naira gaining 4.06 percent as dollar liquidity improved at the official [...]
Nigeria Asks Banks to Reserve Forex Gains Amid Naira (NGN/USD) Risks
Nigeria’s central bank instructed the nation’s lenders to divert windfall currency revaluation gains into buffers against future losses, following the [...]
Blockchain could have prevented Nigeria’s naira scarcity effects
A group of local blockchain experts discussed how blockchain technology can help solve economic problems in Nigeria and throughout the African contine [...]
Naira falls to N927/$ despite CBN’s plans to clear FX backlog
The pressure on Nigeria’s foreign exchange (FX) continued on Thursday as the naira fell to N927 per dollar at the paralle [...]
Naira loses 0.42% as FX market records marginal turnover
Naira lost 0.42 percent of its value at the official market on Tuesday as the foreign exchange (FX) market recorded a mar [...]
Unfavourable Forex: Investor proffers solution to stabilize Naira – Vanguard
Unfavourable Forex: Investor proffers solution to stabilize Naira Vanguard
www.vanguardngr.com [...]
FrieslandCampina Nigeria expects no early recovery after weakening naira shot forex expense to N18.6bn
FrieslandCampina Nigeria, the country’s foremost dairy producer, sees no quick fix at least this year to the complications an unusually vast [...]
Naira Loses Key Support After Nigeria's Forex Reserve Revelations – Bloomberg
Naira Loses Key Support After Nigeria's Forex Reserve Revelations Bloomberg
www.bloomberg.com [...]
Nigeria’s Naira Unification Accelerates FX Inflows To $2.55 Billion In Two Months: ‘Promising’, Say Experts
Emmanuel shares with FORBES AFRICA: “The increase from $468 million to $2.55 billion serve as evidence that aligning official I&E rates with spot [...]
Diversion of diaspora remittances is reason for naira crash – CBN Acting Governor
Acting Governor of CBN, Folashodun Shonubi.
The Central Bank of Nigeria (CBN), has attributed the crash of the naira against the dolla [...]
Naira plunges at Forex markets
The Naira depreciated against the United States dollar on the Investors and Exporters (I&E) on Wednesday, market data posted on the FMDQ [...]
EIU sees naira falling to N1,018/$ on rising inflation
EIU sees naira falling to N1,018/$ on rising inflation - Businessday NG
[...]
“It Is Important”: Naira Plunges to N850/$ As Forex Demand Sparks Concern, CBN Urged To Begin Investigation
The Nigerian currency, the Naira, continues to lose its value against foreign currencies across different forex exchange segmentsNaira's depr [...]