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
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
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
The Naira, yesterday, appreciated to ₦362.31 in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window dropped marginally to N362.31 per dollar yesterday from ₦362.33 per dollar on Wednesday, indicating 2 kobo appreciation of the naira. However, the volume of dollar traded in the window yesterday […]
Read More The Naira, yesterday, appreciated to ₦362.33 in the Investors and Exporters (I&E) window in spite of 52 percent decline in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped marginally to N362.33 per dollar yesterday from ₦362.40 per dollar on Tuesday, indicating 7 kobo appreciation of […]
Read More
The Central Bank of Nigeria, CBN, yesterday, warned traders in the country against rough-handling naira notes, saying “the law guiding the notes is still subsisting and violation of the laws would attract jail terms.” The Assistant Director, Currency Operation Department of the CBN, Benedict Maduagwu gave the warning, in Akure, during a sensitisation programme for […]
Read More
The Naira, yesterday, depreciated by 62 kobo to ₦362.40 in the Investors and Exporters (I&E) window as the volume of dollar traded increased by $90.01 million (89 percent). Data from FMDQ showed that the indicative exchange rate for the window rose to ₦362.40 per dollar yesterday from ₦361.78 per dollar on Monday, indicating 62 kobo […]
Read More
The Central Bank of Nigeria (CBN) flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), Friday, signaling the consummation of the Bilateral Currency Swap Agreement (BCSA) signed with the People’s Bank of China (PBoC) on April 27, 2018. CBN, in a statement disclosed that the sales would be through a […]
Read More The Naira, yesterday, depreciated by 70 kobo to₦358.7 per dollar in the parallel market even as the Central Bank of Nigeria (CBN) injected $210 million into the inter-bank forex market. The apex bank offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got the […]
Read More The Naira on Wednesday appreciated marginally against the dollar at the parallel market in Lagos, exchanging at ₦358.50 to the dollar. Newsmen report that the Nigerian currency was 10 kobo stronger than ₦358.60 to the dollar traded on Tuesday, while the Pound Sterling and the Euro closed at ₦478 and ₦417.5, respectively. At the Bureau […]
Read More The Naira, yesterday, appreciated slightly by nine kobo to ₦361.91 per dollar in the Investors and Exporters (I&E) window due to 30 percent increase in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦361.91 per dollar yesterday from ₦362 per dollar on Monday, indicating […]
Read More Analysts at FSDH Merchant Bank Limited have said that Nigeria cannot afford another level of devaluation of the currency, saying this will worsen the nation’s debt position. The total public debt increased to ₦22.71 trillion in the first quarter of 2018 from ₦12.60 trillion in the fourth quarter of 2015, according to the Debt Management […]
Read More
