Money

Naira appreciates to ₦363.71/$ in I&E window

The Naira, yesterday, appreciated to ₦363.71 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded (turnover) rose by 65 percent. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦363.71 per dollar yesterday from ₦363.89 per dollar on Monday, translating to 18 kobo […]

Read More

$3.1bn sale to Bureau De Change sustained naira stability – ABCON

The Association of Bureaux De Change Operators of Nigeria has said that the 163 per cent increase in dollar sales to bureaux de change, to the tune of $3.1 billion in the first half of the year, helped to sustain exchange rate stability and protected 25,000 jobs in the subsector. The President, ABCON, Alhaji Aminu […]

Read More
An illegal foreign currency trader poses counting notes at a local bus station in the capital Harare

Dollar sales’ rises by 163 pct to BDCs – ABCON

The Association of Bureaux De Change Operators of Nigeria (ABCON) has revealed that the 163 per cent increase in dollar sales to bureaux de change (BDCs) which amounted to $3.1 billion in the first half of the year, helped in sustaining exchange rate stability and protected 25,000 jobs in the sub-sector. ABCON President, Alhaji Aminu […]

Read More

Naira depreciation may persists as external reserves fall by $955 m in 10 days

The depreciation of the naira in the parallel market and the Investors and Exporters (I&E) window last week is expected to persist this week, even as the nation’s external reserves maintained its downward trend falling by $955 million in the first ten days of October. Last week the naira depreciated by ₦1 in the parallel […]

Read More

Naira stable at ₦360 per USD at parallel market

The naira remained stable against the dollar at the parallel market in Lagos on Friday, still exchanging at ₦360 to the dollar. The naira was, however, traded against Pound Sterling and the Euro at ₦478 and ₦417, respectively. At the Bureau De Change (BDC), the naira was sold at ₦360 to the dollar, while its […]

Read More

Naira appreciates to ₦363.07/$ in I&E window

The Naira, yesterday, appreciated to ₦363.07 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded dropped by 62 percent. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦363.07 per dollar yesterday from N363.11 per dollar on Monday, indicating four kobo appreciation of […]

Read More
U.S. Dollar held with Nigerian Naira

Naira appreciates to ₦358.5 per USD in parallel market

The naira yesterday appreciated to ₦358.5 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON), the parallel market exchange dropped to ₦358.5 per dollar from N359 per dollar last week Friday, indicating 50 kobo appreciation of the naira. However, […]

Read More

Naira gains against USD at parallel market, exchange at ₦359

The Naira on Tuesday gained one kobo to exchange at ₦359 to the dollar, stronger than N360 posted on Monday. The Nigerian currency also traded at ₦479 and ₦410 against the Pound Sterling and the Euro at the parallel market. At the Bureau De Change (BDC) window, the naira was sold at ₦360 to the […]

Read More

Naira appreciates to ₦358 per USD in parallel market

The naira yesterday appreciated to ₦358 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators (ABCON), the parallel market exchange dropped to ₦358 per dollar from ₦359 on Monday, translating to 10 kobo appreciation of the naira. On the other hand, the […]

Read More
An illegal foreign currency trader poses counting notes at a local bus station in the capital Harare

Currency in circulation drops by ₦75.84 billion in one month

Currency in circulation in the country fell by ₦75.84 billion from ₦1.9 trillion in June to ₦1.824 trillion in July 2018. According to statistics from the Central Bank of Nigeria on Wednesday, the figure rose from N1.93tn in February to ₦2.03 trillion in March. The CBN revealed that the currency in circulation fell to ₦1.95 […]

Read More
U.S. Dollar held with Nigerian Naira

Naira appreciates to ₦362.08 per USD in I&E window

The Naira, yesterday, appreciated to ₦362.08 in the Investors and Exporters (I&E) window despite the 49 percent decline in volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦362.08 per dollar yesterday from ₦362.30 per dollar on Tuesday, indicating 22 kobo appreciation of the naira. The […]

Read More

Naira appreciates to ₦361.96/$ in I&E window

Nigeria’s Naira, yesterday, appreciated to ₦361.96 in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window dropped marginally to ₦361.96 per dollar yesterday from ₦362.67 per dollar last week Friday, indicating 71 kobo appreciation of the naira. The volume of dollars traded in the window yesterday […]

Read More