Tag: Exchange Rate
Naira makes huge appreciation, gains 7.2% against dollar
Naira saw a significant appreciation on Friday in the official market, with its exchange rate against the dollar trading at N1,142.38.
Data obtained from the...
Naira trades below 1,280/$ at official, parallel Markets
The naira kicked off the new month with a strong performance, strengthening to N1,278.58 against the US dollar compared to N1,309.39 per dollar recorded...
Federal Government to Fall Short of Promised Naira-Dollar Exchange Rate Target
As the year draws to a close, the Federal Government appears certain to fall short of its previously stated goal of achieving an exchange...
Federal Gov raises exchange rate for cargo clearance to N951/$
The exchange rate for cargo clearance has increased from N783/$ to N952/$, as announced by the Federal Government through the Central Bank of Nigeria.
Just...
Oil and Gas Suppliers Warn of Looming Petrol Scarcity, Call for...
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has warned of an almost certain petrol scarcity as the cost of shipping oil products...
CBN reacts to alleged plan to crash exchange rate to N1.25...
The Central Bank of Nigeria (CBN) has denied an alleged plan to introduce a new naira policy that will crash the dollar exchange rate to...
Naira gains at investors, exporters window
The naira apprepreciated against the dollar on Friday as it exchanged at N740.38 at the Investors and Exporters window.
The naira gained by 2.93 per...
Naira gains 0.22 per cent at investors, exporters window
The naira appreciated against the dollar on Thursday as it exchanged at N771.69 at the Investors and Exporters window.
The local currency gained by 0.22...
Naira loses, exchanges at N773.42 at Investors & Exporters window
The naira depreciated against the dollar on Wednesday as it exchanged at N773.42 at the Investors and Exporters window.
It lost by 0.35 per cent...
Exchange rate: Expert lauds NNPCL strategy to strengthen currency
An economic expert, Dr Chijioke Ekechukwu, has lauded the emergency three billion dollars crude oil repayment loan secured by the National Petroleum Company Ltd....