Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

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FOREX: $1 Goes For N500

Efforts To Save The Naira Have Crumbled – IMF

Abuja & Lagos (New Telegraph) – The naira fell close to N500 against the dollar on the parallel market due to dollar shortages yesterday as Bureaux De Change (BDC) operators set their quotes for dollar purchases at N399/$ for next week, traders said . . .

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Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

Naira Weakens Against Dollar, Pound Sterling & Euro

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Fears as Naira weakens to N490/$, 590/£

Abuja (Daily Trust) – The Naira on Wednesday weakened to N490 to a dollar at the parallel market after appreciating to N485 to a dollar during the Christmas break . . .

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Naira Weakens Against Dollar, Pound Sterling & Euro

Business News Today

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Nigeria’s central bank to eliminate forex black market; Nokia sues Apple for infringing on patent rights; Nigeria loses N200b yearly to diversion of cargoes; Naira falls again at parallel market . . .

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Business News Today

CBN To Eliminate Forex Black Market – Adeosun

Naira notes

Abuja (New Telegraph) — The Central Bank of Nigeria (CBN) will try to eliminate the gap in exchange rate against the dollar between the official and black markets, the Minister of Finance, Mrs. Kemi Adeosun, said yesterday. Speaking during an economic conference in Abuja, the Minister said that the: “CBN has been directed to do this and has promised to do something by putting a system in place to eliminate the black market because it was damaging the economy.” . . .

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CBN To Eliminate Forex Black Market – Adeosun

Naira gains on Dollars as reserves rise

Naira . notes

The naira continued to gain strength at the parallel market on Monday as an overflow of dollars chased the local currency. The value of the naira which had gone haywire last week rose to around N367 to the dollar . . .

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Naira gains on Dollars as reserves rise