Dollar
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Business
CBN slashes Customs duty rate as naira stabilises
The exchange rate for computing the country’s Customs duties has been slashed by 5.3 per cent by the Central Bank…
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Metro
CBN allocates $20,000 to each BDC to stabilize the Naira
In order to correct the distortions in the retail segment of Nigeria’s foreign exchange market, the Central Bank of Nigeria…
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Metro
Naira slides to N1,900/$ at parallel market
The Nigerian naira, on Tuesday, dipped yet again and exchanged at the rate of N1,900 to the dollar at the…
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News
IMF predicts Naira will fall by 35% to N2,081/$1 this year
The International Monetary Fund (IMF) has said that the Naira will further depreciate by about 35 percent this year, adding…
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Business
EFCC arrest 50 bureau de change operators in Abuja
Operatives of the Economic and Financial Crimes Commission on Monday, February 19, raided a Bureau de Change location at the…
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Business
Naira slips to N1,600 at parallel market
The value of the Naira dipped further on Thursday, Feb. 15, as it depreciated to N1,610 to a United States…
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Business
CBN orders banks to pay customers money sent from abroad in Naira
Nigerian banks have begun full implementation of the CBN’s revised guidelines on international money transfer operations in the country.…
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Business
Nigerian students studying abroad are part of the problem of the Naira – CBN Gov. Yemi Cardoso (VIdeo)
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has blamed students studying abroad for the woes of…
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Business
FG ponders compulsory conversion of foreign currencies in domiciliary accounts to naira
The Federal Government is reportedly considering a policy that will result in the conversion of foreign currencies in domiciliary accounts…
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Business
Naira falls to N951 to a dollar
The naira fell by 17.91 per cent to N951.22/$ on the official channel known as the Investor and Exporter forex…
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Business
Naira appreciates against US Dollar at official market
Nigeria’s currency, the Naira, gained against the US Dollar on Tuesday at the official foreign exchange market. Official data from…
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Business
Naira slides to 1,030 per dollar
The naira crashed against the dollar on Monday, falling to 1, 030/$ on average at the black market. The naira…
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Business
Naira rises to N950/$ in parallel market
The Naira continued its rebound against the dollar on Friday, Nov. 3, as it rose to N950/$ on the average…
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Business
Naira continues upward trend at forex market
Nigeria’s currency, the Naira, continued with recovery at both the official and unofficial foreign exchange markets on Tuesday. According to…
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Business
Naira rises against dollar for first time in three weeks
Nigerian currency appreciated against the dollar at the parallel market on Wednesday. In afternoon trading, the exchange rate was N1,300…
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