Tag: dollar
Naira depreciates further against dollar
The Naira on Wednesday weakened further against the dollar at the parallel market, barely 24 hours after the Central Bank…
Oil drifts lower on stronger dollar
Oil dipped Tuesday as a stronger US dollar and progress in controlling wildfires in Canada’s crude-producing Alberta province dampened prices.…
Oil market slows down as dollar rises
Oil prices extended their retreat Thursday after hawkish US Federal Reserve meeting minutes strengthened the dollar and a weekly report…
Naira depreciates further against the dollar
The Naira on Friday depreciated further, exchanging at N321.5 to the dollar at the parallel market, losing N1 on Friday…
Naira exchanges at N320 to dollar at parallel market
The Naira on Monday exchanged at N320 to a Dollar at the parallel market in Lagos State. The News Agency…
Naira sells at N322 to dollar at parallel market
The Naira on Monday, traded at N322 to a dollar at the parallel market in Lagos. The News Agency of…
Naira still struggling against the dollar
The naira on Wednesday maintained its exchange rate at N322 to a dollar. It also remained firm against the two…
Why naira weakened against the dollar
Alhaji Aminu Gwadabe, President, Association of Bureau de Change Operators in Nigeria, said unauthroised persons posing as Bureau de Change…
Naira depreciates against the dollar
ra The naira on Friday depreciated against the dollar at the parallel market closing at N320. The naira lost N10…
The naira-dollar blues by Reuben Abati
“My brother, e ku exchange rate oh.” “Excuse me?” “I am greeting you. I am saying how are you and…
Naira strenghtens against the dollar
Nigeria’s naira firmed sharply on the parallel market on Wednesday as retail traders, having anticipated a cut in its official…
IMF calls on Buhari to lift forex restrictions
The International Monetary Fund (IMF) called on Wednesday for Nigeria to lift foreign exchange curbs and let the naira reflect…
Ambode proffers solution to naira-dollar crisis
Lagos State Governor, Akinwunmi Ambode on Tuesday expressed optimism that the foreign exchange crisis plaguing the country which has resulted…
Ifeanyi Ubah to Nigerians: Pray that the dollar drops below N200
The managing director of Capital Oil and Gas Industries Limited, Ifeanyi Ubah, has urged Nigerians to pray for a dollar…
Naira still struggling against the dollar
The naira on Wednesday continued to depreciate at the parallel market amid mixed reactions to the recent forex policy of…
New low for naira, now N282 to a dollar
The naira hit a record low of 282 naira per dollar on the unofficial market on Monday after the central…
Naira strengthens against the dollar
The Naira on Friday hedged up slightly against the dollar at the parallel market amid calls for the apex bank…
Naira down again, now N265 against dollar
The naira on Monday depreciated by 0.8 per cent to exchange at N265 to the dollar at the parallel market.…
Finally, naira strengthens against the dollar
The naira on Friday finally strengthened against the dollar after weeks of free fall at the parallel market. The currency…
Again, naira weakens against the dollar
Nigeria’s naira weakened further in the parallel market on Thursday, down 0.59 percent after the central bank’s exclusion of some…
RRS smashes dollar counterfeiting syndicate
Kazeem Ugbodaga Operatives of the Rapid Response Squad (RRS) Friday arrested five members of a 15-man syndicate specialising in dollar…
Naira slides further at parallel market
The Naira on Monday further slided at the parallel market as it exchanged for N227 to the dollar, as against…
Naira appreciates at parallel market
The naira on Wednesday firmed against the dollar at the parallel market. The naira gained N1 on Wednesday afternoon as…
Nigerian companies in trouble as CBN measures backfire
Reuters – Nigerian companies making anything from soap to tomato paste could run out of raw materials and be forced…
Naira depreciates against the dollar
The naira on Wednesday depreciated slightly against the dollar at the parallel market, dropping by N2. The currency traded N222,…
Reps. summon CBN Governor over ban on foreign currency deposits
The House of Representatives on Tuesday summoned the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, to explain the…
Up Again: Naira now N224 to a dollar
The naira eased against the dollar on the parallel market on Tuesday driven by demand mainly from individuals travelling abroad…
Naira hits new low, now N241 for $1
LAGOS, (Reuters) – The naira has hit a new low against the dollar in the black market. It sold for…
Naira slips up against the dollar
The value of the Naira on Monday depreciated against the dollar by N3, to close at N208 at the Bureau…
Naira hits N215 to dollar at BDC’s segment
The naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs)…