Naira Loses N4 Against Euro, Pound at Parallel Market
By Dipo Olowookere It was a bad day for the Naira on Tuesday at the parallel segment of the foreign exchange market as it
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Naira/Dollar Rates Rise Across Most Market Segments
By Cowry Asset In the just concluded week, the Central Bank of Nigeria (CBN) injected $250 million into the interbank foreign exchange market. In
Naira Falls against Dollar Despite CBN $195m Intervention
By Cowry Asset Last week, the Naira lost ground against the US Dollar at the Investors & Exporters Forex Window (I&E FXW), week-on-week, by
Nigeria’s Dollar Liquidity Shortage May Continue—Moody’s
By Modupe Gbadeyanka Nigeria’s (B1 stable) dollar liquidity constraints are likely to persist for the foreseeable future, despite the recent improvements in foreign exchange
Dollar Crashes to N380/$ at Black Market
By Modupe Gbadeyanka The free fall of the Dollar against the Naira continued on Tuesday, March 28, 2017, when it traded at N380 at
BDC Operators Want IMTOs Cash at N330/$
By Dipo Olowookere The Central Bank of Nigeria (CBN) has been advised to review the International Money Transfer Operators (IMTOs) rate to N330 to
CBN Orders Banks to Sell Dollar at N360
By Modupe Gbadeyanka Commercial banks operating in Nigeria have been directed by the central bank to sell forex to their retail customers at the
Why Abuja Dollar Rate Differs from Lagos—Gwadabe
By Modupe Gbadeyanka President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Mr Aminu Gwadabe, has explained the reason behind difference
Dollar Crashes to N410 at Black Market
By Modupe Gbadeyanka The Naira has continued to gain strength against the Dollar at the parallel segment of the foreign exchange market in Nigeria.
BDCs to Bid for $25m from Travelex at N381/$
By Modupe Gbadeyanka Members of Association of Bureaux De Change Operators of Nigeria (ABCON) will today bid for $25 million from international money transfer
