• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Currencies

Naira stable at 199 per dollar

Editor by Editor
March 16, 2015
in Currencies, Politics
$400million Pumped Yesterday Alone Yet Dollar Still Trading At N166
Share on FacebookShare on TwitterShare on Linkedin

The naira, on Monday, traded within a range at which it has been stuck for almost a month on the interbank market, supported by dollar sales from the central bank and Nigerian units of Shell and Chevron.

The naira closed unchanged at 199 naira to the dollar, while it traded at 224 naira against the greenback at the parallel market, operated by bureau de change agents.

The Central Bank of Nigeria (CBN) scrapped its bi-weekly forex auctions last month and fixed its clearing rate at 198 naira to the dollar, in a move to curb speculation on the currency. The naira has since been trading at around 197 to 199 to the dollar.

RelatedStories

Naira stable in black market as U.S. Dollar weakens globally 

September 1, 2025
Hand holding Nigerian Naira banknotes fanned out, representing currency exchange or financial context

Naira slips in official market, U.S dollar shows strength 

August 12, 2025

A total of 104.5 million dollar sales were carried out on Monday at a range of 197 to 199 naira to the dollar, just before the market closed, Thomson Reuters data showed, with dealers attributing some of the trades to a central bank forex sale.

The local units of Chevron sold $30.4 million while Shell sold an undisclosed amount to some lenders to buy naira for local use on Monday.

The central bank this month fixed the rate at which banks can buy dollars from oil companies at not more than 2 naira spread to its clearing rate, its latest attempt to prop up the currency hit by the drop in oil prices.

Tags: Black MarketCapital controlsCBN Forex PolicyNaira DevaluationNews Review
Editor

Editor

Related Posts

Currencies

Naira stable in black market as U.S. Dollar weakens globally 

September 1, 2025
Hand holding Nigerian Naira banknotes fanned out, representing currency exchange or financial context
Currencies

Naira slips in official market, U.S dollar shows strength 

August 12, 2025
Industrial port scene with cargo containers
Economy

Nigeria’s export boom is a mirage, say experts – weak institutions, FX collapse distort growth

July 30, 2025
Naira
Currencies

Naira muted in black market, U.S. jobs data takes spotlight

January 10, 2025
Economy

Naira devaluation, subsidy removal weakens business confidence in Nigeria – Report 

October 30, 2024
Abdul Samad Rabiu, BUA
Business News

Cement should be N10,000 per bag due to naira devaluation – Abdul Samad Rabiu 

August 30, 2024
Next Post
Transcorp Hotels announces 37kobo dividend, beats own forecast by 184%

Transcorp Hotels announces 37kobo dividend, beats own forecast by 184%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

arco
access bank
nairametrics
first bank






DUNS

Recent News

  • 2025 9 Months: BUA Cement’s profit triples to N290bn despite rising energy costs 
  • Amazon to lay off 30,000 corporate staff as AI reshape operations 
  • Airtel Africa reports $376m half-year profit as data and fintech growth drive margins 

Follow us on social media:

Recent News

BUA Cement

2025 9 Months: BUA Cement’s profit triples to N290bn despite rising energy costs 

October 28, 2025
Amazon confirms it will cut over 18,000 jobs

Amazon to lay off 30,000 corporate staff as AI reshape operations 

October 28, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics