Currencies
Nigeria's daily parallel market exchange rate tracker
[BAD TO WORSE] Naira falls to N230 to the Dollar
The Naira sold at the parallel market for N232 to the dollar on Monday down from N230 as at Friday....
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Dangote Backs Emefiele, says “We cannot be importing poverty and exporting jobs.”
Alhaji Aliko Dangote, has come out in strong support of the CBN’s decision, calling the ban on 41 items from...
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Reason We Will Not Devalue The Naira – CBN
The Central Bank of Nigeria, CBN, Friday, disclosed that its decision not to undertake a further devaluation of the naira...
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Why the CBN is Legally Wrong on Dollarisation
Corporate Law firm Templars has weighed in on the controversial forex circular issued by the CBN basically criminalising the invoicing of...
Read moreDetails“TOOTHPICK GOVERNOR” Economist suggest Emefiele should be Sacked
The CBN Governor Godwin Emefiele has been under the radar lately for some of his forex policies. Understandably, the Emperor...
Read moreDetails[B-O-O-M] Naira depreciates to N230 to $1
The Naira fell to N230 on Wednesday in the parallel market as importers scrambled to source for forex lifeline to...
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“Bring Nairas, Buy Apple,’ Lagos Stock Exchange Tells Nigerians
Nigerians will soon be able to invest in companies such as Apple Inc. and LVMH Moet Hennessy Louis Vuitton SE...
Read moreDetails[New Circular] CBN tells Importers to go to the ‘sharks’ if they want forex
In addition to issuing a new circular listing 41 items now designated as "Not Valid for Forex", the CBN has...
Read moreDetailsNaira nose dives to N226 at black market
The naira traded at about N226 to the dollar on the parallel market on Monday, down 2.7 percent since new...
Read moreDetailsWidening Gap Between Interbank, BDC Rates: Forex Dealers Express Concern
Foreign Exchange dealers have expressed concern over the widening gap between the interbank and the Bureau de Change rates which nears...
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