Browsing Tag

foreign exchange

Naira rebounds against dollar

The Naira on Tuesday, appreciated against the dollar at the parallel market.The Nigerian currency gained N2 to exchange at N365 to the dollar, stronger than N367 posted on Monday while the Pound Sterling and the Euro closed at N475 and…

Naira maintains position at parallel market

The Naira on Monday remained stable at the parallel market, exchanging at N367 to a dollar, the News Agency of Nigeria (NAN) reports.The Nigerian currency maintained its Friday rate, while the Pound Sterling and the Euro traded at N478…

Why CBN interventions fail to save Naira

Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria (CBN) in the foreign exchange market.The experts told the News…

NSE market capitalisation increases by N208bn

Transactions sustained positive trend on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation growing by N208 billion amid gains by cement, banking and consumer goods stocks.The News Agency of Nigeria (NAN) reports…

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) reports.The Nigerian currency lost one point to exchange at N368, weaker than N367 posted on Wednesday, while the Pound…

Naira dips further against dollar

The naira on Monday depreciated further against the dollar at the parallel market, exchanging at N367 to the dollar.The News Agency of Nigeria (NAN) reports that the Nigerian currency lost one point from N366 posted on Friday, while the…

Naira sustains gain at parallel market

The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N364 posted on Tuesday.The pound sterling and the Euro closed at N477 and N428 to the naira, respectively.At the…

Naira gains marginally against dollar

The Naira on Wednesday appreciated marginally against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.The Nigerian currency gained 50k to exchange at N362.50, stronger than N363 posted on Tuesday, while the…

Naira appreciates against dollar

The Naira on Monday appreciated against the dollar at the parallel market, the New Agency of Nigeria (NAN) reports.The Nigerian currency gained two points to exchange at N365 to the dollar, stronger than N367 it traded on Friday, while…

CBN injects $195m into foreign exchange market

Following its 800 million dollars intervention in the inter-bank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria (CBN), on Monday, injected 195 million dollars into the market to meet the requests of customers in the…