Naira (Currency) - New Nigerian Politics | New Nigerian Politics

Naira rises to 217 against dollar

Posted by admin Economy, Headlines, Naira (Currency) Monday, August 17th, 2015

Naira notes The naira appreciated against the United States dollar at the parallel market on Monday to 217, from 221 recorded on Friday. The naira rose on the back of weak demand for the dollar at the foreign exchange markets. Forex traders linked this to an improved dollar liquidity occasioned by the sustained sales of […]

Naira drops to 235 against dollar

Posted by admin CBN (Central Bank of Nigeria), Economy, General Politics, Headlines, Naira (Currency), Top Stories Friday, July 10th, 2015

CBN Governor, Mr. Godwin Emefiele The naira fell further to a new record low of 235 to the dollar at the parallel market on Thursday, as dollar shortages persisted, foreign exchange dealers said. The President, Association of Bureau De Change Operators, Aminu Gwadabe, said people were holding dollars to protect themselves against further naira […]

CBN slightly adjusts naira-dollar foreign exchange rate

Posted by admin CBN (Central Bank of Nigeria), Economy, Headlines, Naira (Currency) Friday, June 5th, 2015

The Naira and dollar The Central Bank of Nigeria on Thursday made a slight adjustment to its naira-dollar exchange rate peg, data on its website showed. The bank adjusted the rate at which it sold the United States dollar from N197 to N196.95, Reuters reports. Prior to Thursday’s action, the rate had been oscillating […]

Concern over naira as dollar drops

Posted by admin Economy, Headlines, Naira (Currency) Thursday, April 30th, 2015

The dollar sank to its lowest level in more than two months as the currency market adopted a markedly dovish view on the United States monetary policy after data showed the economy virtually stagnating in the first three months of the year. But as the market awaited the outcome of a meeting of the Federal […]

The Naira recovery at the black market

Posted by admin Economy, Headlines, Naira (Currency) Saturday, April 4th, 2015

By Udeme Clement Nigeria’s economy may experience investments inflow in 2015 as the local currency appreciates by over seven percent. The battered Naira, which sold for between 228 and 230 to a dollar at Bureau de Change (BDC) weeks to the just concluded presidential election, has appreciated to about 208 -211 to the dollar. Though […]