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 . . .
Continue reading “Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1”
Fears as Naira weakens to N490/$, 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 . . .
Continue reading “Naira Weakens Against Dollar, Pound Sterling & Euro”
The Central Bank of Nigeria (CBN) has finally allowed market forces to determine the true value of the Nigerian local currency- Naira (N) – against other currencies across the world. This was disclosed by the Governor of the CBN, Godwin Emefiele, who spoke at a press conference in Abuja on Wednesday . . .
Continue reading “Nigerian Currency, Naira, to be determined by market forces – CBN”
The Naira on Monday weakened further against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports . . .
Continue reading “Nigerian Naira falls to ₦357 per US Dollar $1”
We’ll Start Selling Forex To CBN By 2020 – Dangote
President of Dangote Group, Aliko Dangote, has projected that his conglomerate whould be selling foreign exchange to the Central Bank of Nigeria (CBN) by year 2020 . . .
Continue reading “Dangote Group to sell Forex to CBN by 2020”