Tag Archives: Naira

The People’s Redemption Party (PRP) candidate for the Federal House of Representatives, Alimosho Federal Constituency, Hon. Boniface Okparaku, has called for calm in the wake of protests over the naira redesign policy. Okparaku made the appeal in an interview with newsmen   on Saturday in Lagos. Some demonstrators took to the streets to protest the hardship being faced due to …

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The Apex bank, the Central Bank of Nigeria (CBN) has debunked an earlier report on Friday that it has ordered banks to start collecting the old N1,000 and N500 notes from the public with immediate effect. The earlier report also said, the CBN has pegged the maximum amount banks can collect at N500,000 only. A source from the bank aw …

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The Nigerian currency, the Naira has been grouped among the worst currencies in the world despite its 4% drop against the US Dollar, ahead of the Canadian dollar and the Swis Franc according to the Nigerian government exchange rate.

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The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.

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The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days.

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Naira Crashes In Value, Dollar Sells For N420

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The Central Bank of Nigeria (CBN) yesterday injected $210 million, to meet customers’ requests in various segments of the foreign exchange market. The CBN, in its quest to meet customers’ needs in the various segments of the market offered $100million to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got boosted …

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The naira is expected to remain stable against the United States dollar in coming weeks as the Central Bank of Nigeria continues to intervene in the foreign exchange market. The CBN on Wednesday injected $210m into the foreign market, about a week after it injected $200m into the market. Analysts and forex traders said the naira would likely remain stable …

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The Naira on Friday suffered marginal loss against the US Dollar at the parallel market in spite of CBN’s intervention at the foreign exchange market, vanguardngr.com has reported. The Nigerian local currency lost one point to exchange at N366, weaker than N365 traded on Thursday, while the pound sterling and the Euro closed at N468 and N412, respectively. At the …

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The Naira on Monday appreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained three points to exchange at N388 to the dollar, stronger than N391 it traded on Friday, while the pound sterling and the Euro closed at N495 and N425. At the Bureau De Change (BDC) window, the Naira …

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