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Business

Naira To Rise Further Against The Dollar

Imo MacDonald | Contributor -
Foreign exchange dealers on Sunday, August 2, 2015 revealed that Nigeria's currency is set to rise further against the United States dollar at the...
Economy

CBN Launches Investigation Into Naira Depreciation In Parallel Market

Imo MacDonald | Contributor -
The rate at which the naira has dropped against the dollar in recent times has prompted the Central Bank of Nigeria, CBN, to launch...
Economy

Naira Depreciates, Now Valued At As N230 Per $1

Okechukwu Obioha | Staff Reporter -
The Nigerian currency, Naira, has depreciated in the parallel market, follwing the worsening of Naira on Wednesday, July 1, 2015 as it lost N4...
Economy

Use Of Foreign Currency In Local Transactions Is Punishable By Jail-Term – CBN

News Desk | The Trent -
The Central Bank of Nigeria on Tuesday, April 7, 2015 warned Nigerians against making use of foreign currencies, especially the US Dollar as a...
Business

Dollar Sales By Oil Firms Boost Naira

Imo MacDonald | Contributor -
NAN - The naira remained steady on the interbank forex market on Wednesday as large dollar sales by oil companies increased liquidity. This came a...
Economy

CBN Devalues The Naira, Now Officially Trades At N199 To The Dollar

News Desk | The Trent -
Developing reports have it that the The Central Bank of Nigeria (CBN), has officially devalued the Naira. According to the reports, the devaluation occurred overnight...
Business

Naira Hits N215 To Dollar At BDC’s Segment

Agency Reports -
NAN - The Naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of...

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