Tag: dollars
Dollar drifts in year-end trade as clouds gather
The dollar was broadly steady in thin year-end trading on Monday with the Australian dollar AUD=D3 leading gainers as tensions…
Naira loses marginally against dollar at parallel market
The Naira on Monday lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday…
Dollar gains for a second day
The dollar edged higher on Wednesday as a rally on Wall Street boosted risk appetite, although gains were capped before…
Police recover $4,000 from 19 year old boy
The police in Gombe state have recovered the sum of $4,000 (about N1.3million) from a 19 year old boy following…
Naira appreciates marginally against dollar
The Naira appreciated marginally on Thursday at the parallel market in Lagos, exchanging at N358 to the dollar against N358.5…
Naira converges at N360 to dollar
The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of…
CBN floods FOREX market with dollars, directs banks to sell to everybody
The Central Bank of Nigeria, CBN, has directed all banks to sell foreign exchange to anyone that is willing to…
Forex: Naira closes at N360.54 per dollar at investors’ window
The Naira on Thursday traded at N360.54 to a dollar at the investors’ window.
Apex bank injects fresh $210m into foreign exchange market
The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet…
Forex: Naira loses against dollar
The naira on Thursday continued to fall against the dollar at the parallel market, the News Agency of Nigeria (NAN)…
Hajj: We are not selling dollars to anyone at N200, CBN tells senators
The Central Bank of Nigeria, CBN on Friday says it is not going to sell dollars to anyone at N200…
Naira dips slightly against dollar
The Naira on Thursday depreciated slightly against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.
CBN sells $25m to investors, exporters
The Central Bank of Nigeria (CBN) on Tuesday commenced interventions in the new Investors and Exporters’ FX Window with the…
Politicians’ hoarding of dollars responsible for Naira’s fall – BDC
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON) said that the discovery of huge…
Dangote leads Nigerians’ chase for dollars
Nigeria ’s hard-currency shortage is forcing companies to get creative in their hunt for dollars. For many, including Dangote Cement…
Naira consolidates strength against dollar
The Naira on Friday in Lagos consolidated its position against the dollar at the parallel market.
CBN approves dollar sale to more exchange bureaux
Nigeria's central bank on Thursday cleared more retail currency bureaux to take part in a weekly dollar sale to boost…
Naira trades at N455 to a dollar at black market
The Naira traded at N455 to a dollar amid liquidity boost in the Bureau de Change and parallel market segments…
CBN denies reports of allocation of dollars
The Central Bank of Nigeria (CBN) has denied reports from some quarters that it allocates dollars unilaterally. A statement by…
Naira falls again
The Naira on Monday fell against the dollar at the parallel market. The Nigerian currency shed N8 to exchange at…
Hairdresser steals phone, dollars
A 26-year old, hairdresser, Kikelomo Fagbenro, on Tuesday appeared at an Ikeja Magistrates’ Court in Lagos for allegedly stealing an…
FG plans on yuan forces dollar rate down – Gwadabe
The President, Association of Bureau De Change Operators of Nigeria, Mr Aminu Gwadabe said the Federal Government’s plan to increase…
Saraki lodged thousands of dollars into own account – Witness
An official of the Economic and Financial Crimes Commission (EFCC) Mr Michael Weskat, on Wednesday told the Code of Conduct…
Witness exposes Saraki, breaks down naira, dollar, pounds account transactions
Ayorinde Oluokun/Abuja Micheal Wetkas, the first prosecution witness in the false asset declaration trial of Senate President, Bukola Saraki, has…
Expert commends FG’s decision to halt sale of dollars to BDCs
An economic expert, Prof. Uche Uwaleke, on Wednesday commended the Central Bank of Nigeria’s (CBN) plan to stop the sale…
CBN injects dollars into Nigeria’s economy
Central Bank of Nigeria (CBN) has injected dollars into the market on Friday after a lull in foreign exchange trade…
“Don’t panic there’s no shortage of liquidity,” CBN Governor urges banks
Nigerian central bank Governor Godwin Emefiele ruled out on Thursday a naira devaluation and told people not to panic about…
Nigeria banks reject dollar deposits to curb speculation – FCMB CEO
LAGOS, (Reuters) – Nigeria’s commercial lenders have stopped collecting cash deposits in dollars in a move to discourage speculation on…
Naira records mixed trading at official, parallel markets
The naira on Friday remained stable against some major international currencies at the official and parallel markets. NAN reports that…
Dollar Tactic: PDP planning to implicate APC leaders again
The All Progressives Congress (APC) has uncovered yet another in the series of devilish plots being hatched against the leadership…