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1. Naira firms further against dollar on parallel market Tony Chukwunyem The naira again ap p re c i a t e d against the dollar on the parallel market yesterday, gaining N2 to close at N458/$1 compared to…
2. Naira falls to N460 to dollar despite CBN’s FX… Nigeria’s currency on Monday dropped in value by N7 as the dollar was trading at N460 from N453 and N452.67k traded at the weekend and Friday on the black market.…
3. Naira strengthens ahead of central bank’s dollar… Nigeria’s currency at the weekend appreciated by N0.67k as the dollar traded at an average rate of N464.33k, from N465 traded on Friday on the black market. The naira appreciation…
4. Naira gains N1 as CBN sells dollar to BDCs Nigeria’s currency on Tuesday firmed by N1.00 to exchange with the dollar at N464 on the black market as the Bureau De Change (BDC) operators received dollar allocation from the…
5. Naira firms against dollar as independence holiday… Nigeria’s naira on Wednesday firmed against the dollar, gaining N2.33k after exchanging at an average rate of N461.66k from N464 on Tuesday on the black market. The naira appreciation was…
6. Uncertainty over resumption of dollar sales to BDCs *As Naira depreciates further to N477/$ in parallel market By Babajide Komolafe The Naira, last week, continued its downward slide in the parallel market, where it depreciated further to N477…
7. With international flights delayed, Nigeria’s… The Central Bank of Nigeria (CBN) will now wait until September 7 before it resumes dollar sales to Bureau De Change (BDC) operators after the date for resumption of international…
8. CBN: Dollar sales to BDCs resume August 31 The Central Bank of Nigeria (CBN) has announced that it will resume what it describes as “gradual” sales of dollars to Bureau De Change (BDC) operators on Monday, August 31,…
9. Dollar sales to BDCs raises risk of profiteering in… The Central Bank of Nigeria’s decision to resume the supply of dollars to Bureau de Change operators is raising the risk unscrupulous traders profiting from the country’s multiple exchange rates,…
10. Dollar falls to N430 as BDCs fund account ahead of… The value of Nigeria’s currency improved further on Wednesday by N10 as the cost of dollar dropped to N430 (selling) compared to N440 traded on Tuesday on the black market.…
11. Naira eases 1.3% as sale of FX to BDCs commences tomorrow The Naira eased 1.3 per cent against the U.S. dollar on the official market on Friday, a day after the Central Bank of Nigeria (CBN) said it planned to resume…
12. Naira gains N10 as currency hoarders offload dollars… As Nigerians anxiously look to the newest direction of the local currency, the naira on Monday gained N10 exchanging at N470/$ compared to N480/$ it traded in the previous week…
13. CBN’s fixed exchange rate for BDCs not sustainable… The Central Bank of Nigeria (CBN)’s fixed exchange rate of N386 per dollar may not be sustainable as Naira fell to N445 at the weekend from N440 on Friday morning.…