Financial sector operators have predicted that the interbank foreign exchange rate and the parallel market exchange rate will converge at N375 per dollar, implying further appreciation...
Banks deposit drop by N1trn The interbank money market suffered bouts of intense scarcity of funds which sent up cost of funds to the roof following...
The surplus supply of dollars has again jolted speculators and caused a further increase in value of the Naira as forex market closed on Friday without...
The naira on Thursday sustained its steady rise against all major currencies in the market, trading at N390 to a dollar as against the N400 it...
The Central Bank of Nigeria has released another $100m into the wholesale forwards segment of the market and pumped an additional $80m into the banks specifically...
The Central Bank of Nigeria (CBN) has restated its commitment to exchange rate stability. The Naira at the weekend sustained its gains against the dollar as...
By Odunewu Segun The naira was earlier today, Tuesday 31, quoted as low as 499 to the dollar on the black market on percent weaker than...
Nigeria’s local currency on Tuesday, January 17, remained static at the parallel segment of the Nigerian Currency Market, closing flat at N497/$1. The Naira, however crashed against...
The Naira continued to depreciate against the greenback at the parallel market as demand for the dollars outstrips forex liquidity. The local currency slid N2 from...
By Odunewu Segun The naira has further crash against major currencies in all the segments of the market at the interbank market, falling 2.99 points to...
