Naira closes at N360.16/dollar at investor’s window

Nigeria Consumer News

The Naira on Monday traded at N360.16 to the dollar at the investor’s window. The Nigerian currency exchanged at N362 to the dollar at the parallel market, while the Pound Sterling and the Euro closed at N475 and N425. The Naira also traded at N362 to the dollar at the Bureau De Change (BDC) window, […]

CBN promises further drop in inflation

Nigeria Consumer News

Nigeria’s Central Bank Governor, Godwin Emefiele said on Friday he expected inflation rate to fall at a faster pace and hit high single digit rates mid-next year. Speaking on a sideline of an investment conference at the London Stock Exchange, Emefiele said he was very optimistic that food prices would come down and as they […]

Naira gains over Euro, steadies against Dollar, Pound at parallel market

Nigeria Consumer News

The Nigerian currency, Naira, ended foreign exchange trading week at the parallel market on a positive note, gaining over the Euro, while steadied against the US Dollar and Pound Sterling, during the week under review. The Naira, as at close of the interbank official foreign exchange market on Friday, stood at 305.65 to the Dollar, […]

Naira maintains N361.50 per dollar at parallel market

NIGERIA CONSUMER NEWS

The Naira on Wednesday exchanged at N361.50 to the dollar at the parallel market, maintaining same rate for the past one-week, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro traded at N475 and N425, respectively. At the Bureau De Change (BDC) window, the naira was sold at N361.50, while the […]

GTB raises international spend limit on Naira MasterCard

Guaranty Trust Bank has reviewed the international spend limit on its Naira MasterCard, raising it from $100 to $1000. The review is however restricted to POS and online transactions. In an email to customers, the bank said: Dear Customer, Upward Review of the International Spending Limit on Your Naira MasterCard We write to inform you of […]

CBN targets N200 per dollar parallel market rate

The Central Bank of Nigeria (CBN) is targeting a N200 to dollar exchange rate in the parallel market,The Nation has learnt. The naira which yesterday traded at N330 to dollar in the parallel market is expected to appreciate speedily, as the impact of the CBN’s measures to stabilise the currency volatility in the parallel market […]

7 Ways Nigerians Can Help Save the Naira – Murray-Bruce

Senator Ben Murray-Bruce believes that common Nigerians can help save the economy. Via social media interactions, the Senator is calling on Nigerians to #BuyNaijaToSaveTheNaira‬. He believes that the Naira can regain its value if Nigerians focus on the local economy. According to the senator here are 7 ways Nigerians can help save the Naira: Eat […]

Naira Appreciates Against Dollar

The Naira on Monday appreciated to exchange at N260/dollar at the parallel market, compared with about N266 to a dollar it was before last week’s public holidays. Most of the parallel market traders at the Murtala Mohammed International Airport and other areas around  Ikeja yesterday attributed this to an increase in supply of the greenback […]

Naira weakens, sells at N250 to dollar

The exchange rate used by Nigeria’s money-changers weakened below N250 per dollar for the first time on Friday as pressure builds on the Central Bank to devalue the local currency and allow businesses more access to foreign-exchange. The black market, or parallel rate fell to 253 per dollar from 246 on Thursday and 222 last […]

Naira crashes to N246 in unofficial market

The naira, yesterday, fell 1.22 per cent against the dollar on the unofficial market as 1,700 bureaux de change (BDC) operators failed to get dollar supply at a Central Bank of Nigeria (CBN) sale due to incomplete documentation. The naira was quoted at 246 against the dollar on the unofficial market, weaker than 243 the […]

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