The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market and selling at N1,020/$.
This was confirmed by the President of ABCON, Aminu Gwadebe, … Read the rest
The naira has continued to rise against the dollar, appreciating N1,136/$ at the official market and below N1,000/$ at the parallel market at the close of trading activities on Monday.
Goldman Sachs had projected that the local currency could exchange … Read the rest
In the last two weeks, the Central Bank of Nigeria (CBN) and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making the naira strengthen to N1,309 against the United States dollar.
Official figures obtained … Read the rest
By Farooq Kperogi
The naira is progressively rebounding against the dollar and petrol prices have remained largely stable, but inflation keeps rising almost unstoppably. Something isn’t adding up. If the initial drivers of inflation have been relatively tamed, why isn’t … Read the rest
The Nigerian naira appreciated against the dollar on Wednesday, 1st November 2023, closing at N786.02/$1 at the official market.
This represents a 3.73% increase from the N815.32/$1 recorded on the previous day.
The intraday high recorded was N1101.00/$1, while the … Read the rest
The Central Bank of Nigeria (CBN) has floated the country’s exchange rate, and allowed commercial banks to freely trade foreign exchange at any rate.
The naira is currently exchanging between N750 and N755 to the dollar at import and export … Read the rest