• Naira appreciates against dollar at interbank market

    Naira appreciates against dollar at interbank market

    The Naira on Wednesday appreciated against the dollar at the interbank market.

    The Nigerian currency gained 50k to close at N304.50 compared to N305 it traded on Tuesday.

    At the Bureau De Change window, the Naira was sold at N400 CBN controlled rate, while the Pound Sterling and the Euro traded at N565 and N500, respectively.

    Skeletal but clandestine trading at the parallel market saw the Naira closed at N470 to a dollar, while the Pound Sterling and the Euro closed at N565 […]

  • Naira appreciates at interbank market

    Naira appreciates at interbank market

    The Naira on Monday gained 50k to exchange at N305.00 to a dollar at the interbank market, the News Agency of Nigeria reports.

    The Nigerian currency had closed at N305.50 for most part of last week at the interbank market.

    However, naira remained stable at the parallel market, closing at N465 to a dollar, while Pound Sterling and Euro exchanged at N565 and N490, respectively.

    Trading at the Bureau De Change window saw the naira closing at N390 to a dollar, CBN controlled […]

  • Naira falls at interbank market

    Naira falls at interbank market

    The Naira on Monday fell freely at the official interbank market to exchange at N350 to a dollar from N328 it traded last Friday.

    At the Bureau De Change segment, the naira closed at N385 against the dollar, CBN rate, while the Pound Sterling and the Euro closed at N564 and N510 respectively.

    Trading at the parallel market saw the naira exchanged at N470 to the dollar, while the Pound Sterling and the Euro traded at N560 and N510 respectively.

    Traders at the […]

  • Naira strengthens against dollar at interbank market

    Naira strengthens against dollar at interbank market

    The Naira on Friday appreciated against the dollar at the official interbank market, the News Agency of Nigeria (NAN), reports.

    The Nigerian currency gained 50k to exchange at N304.50, from N305 posted on Thursday.

    At the Bureau De Change (BDC) Segment of the market, the naira closed at N385 CBN controlled rate, while the Pound Sterling and the Euro traded at N560 and N503, respectively.

    The naira, however, weakened against the dollar at the parallel market, nullifying the N5 it gained on Thursday […]

  • Interbank Rates Soar As Naira Firms At Parallel Market

    Interbank Rates Soar As Naira Firms At Parallel Market

    According to reports, the interbank lending rates which is the rate at which banks lend amongst themselves soared to an all time high of 128 per cent from 70 per cent last week Friday after banks funded their accounts to participate in a currency forward, even as the value of the naira gained strength at the parallel market.

    The naira which sold around N460 to the dollar at the weekend closed yesterday stronger at N455, although bureau de change operators said […]

  • Naira appreciates against dollar at interbank market

    Naira appreciates against dollar at interbank market

    It was gathered the Naira on Monday appreciated against the dollar at the interbank market, the News Agency of Nigeria (NAN) reports.

    The currency gained 1.4 points to exchange at N307.25 to the dollar, from N308.69 it exchanged on Friday, representing an appreciation of 0.5 per cent.

    It, however, stabilized at the parallel market, exchanging at N425 to the dollar, a figure it had maintained for three days, while it traded against the Pound Sterling and Euro at N550 and N470, respectively.

    Trading […]

  • Naira crashes further on Parallel Mkt, Rises on Interbank … See Current Rates

    Naira crashes further on Parallel Mkt, Rises on Interbank … See Current Rates

    The naira crashed to N390 to the dollar on the parallel market wednesday, lower than the N382 to a dollar from the previous day. A currency analyst, who preferred to remain anonymous, blamed the continuing slide of the nation’s currency on the parallel market to demand pressure.

    According to him, demand for FX for most of the 41 items that had been excluded from the interbank market was still being met with dollars bought from the parallel market.

    The source also attributed the […]