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Naira Exchange Rate

Nigeria’s daily parallel market exchange rate tracker

Cashless Policy, This is when CBN will cut Monetary Policy Rate – Emefiele, Nigeria’s External Reserves depleted by $2.9 billion, hit 10 months low , CBN to fight piracy in Creative Industry , CBN projects macroeconomy confidence to rise by 118.3% in November, Emefiele addresses stable naira, CBN, FIRS, others under investigation over fraudulent forex dealings

Official: CBN says N360/$1 not devaluation but “adjustment of price”

Governor, Godwin Emefiele clarifies the supposed devaluation of Naira. Says it is an adjustment of price and not a devaluation of the currency.
CBN website states oil price is still $61

DEVALUATION: CBN updates website to official rate of N360/$1

The central bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1.
CBN, MPC, Credit risk, LDR, Central Bank of Nigeria, Devaluation

UPDATED: Devaluation is here as CBN sells dollars at N380/USD

The Central Bank of Nigeria (CBN) has reportedly devalued the Naira. Nairametrics found from a reliable source that the CBN moved the rate of foreign exchange to Foreign Portfolio Investors (FPIs) from N366.70 to N380.20/USD.
Treasury Bill Investment: Ghana Vs Nigeria, Further rate decline expected as N405 billion worth of treasury bills mature , CBN’s N225.45 billion T-bills auction records oversubscription, as rate fall below 5% 

Nigerian Treasury Bills real interest rate falls to -12%

The latest data from the Central Bank of Nigeria revealed that the Nigeria’s 364-day treasury bills have fallen to 4.6%
CBN-Governor-Emefiele, Investors’ and Exporters’ forex window aided Naira stability – Emefiele , Financial Inclusion: CBN licensed 15 mobile money operators – Emefiele , Rates continue to decline as banks struggle to meet CBN’s 65% minimum LDR, CBN releases new guidelines, to fine banks N2 million over customers’ complaint , CBN: FG fell short of monthly allocated collected revenue by N388 billion, CBN issues new rule for use of PoS, merchants to face sanction after deadline, CBN may devalue naira in 2020 as experts highlight red flags in the economy, CBN appoints and redeploys directors within its ranks, Banks look to lending rates for revenue, as slash on e-transaction charges affect operations, CBN discloses currency in circulation worth N2.44 trillion, CBN to commence recycling of mutilated naira notes, Agriculture: CBN's revised policy on the dairy industry, CBN condemns foreign money transfers to Nigeria, Experts outline effect of CBN’s longer term contract, Bank’s lending rates decline albeit slower than expected, CBN releases new capital base, sanctions for Microfinance Banks, CBN reveals banks’ foreign assets rise to N14.19 trillion in 2019, CBN insists on no devaluation, threatens to sanction those responsible for false speculations, CBN considers interest rate cut as trade, economy decline over Coronavirus, Defending the naira at a cost, CBN announces initial policy response to COVID-19, CBN stops oil companies from selling dollar to NNPC, here’s why, Amid Coronavirus spread, CBN directs staff to stay at home, External reserves to fall below $30 billion, more forex restrictions expected

CBN insists on no devaluation, threatens to sanction those responsible for false speculations

The Central Bank of Nigeria (CBN) has debunked speculations making the rounds and suggesting that the naira is finally about to be devalued.
Unify exchange rates to foster economic growth – NISER , OFFICIAL: Banks charge N368 per dollar for debit card transactions

Speculators strike as exchange rate falls to N366/$1

Speculators strike as exchange rate falls to N366/$1, stocks lose another N1 trillion.
CBN’s, OMO, Gimmickry, CBN blows $2.04 billion to defend the Naira in May as Reserves deplete

CBN’s OMO Gimmickry explained 

CBN's latest circular restricting OMO to foreign investors and Nigerian banks explained including its implication for the economy.
NIGERIA: Daily Parallel Market Exchange Rate

NIGERIA: Daily Parallel Market Exchange Rate (September 27th 2019)

Parallel market exchange rate between the Naira and three of the world's major currencies.
NIGERIA: Daily Parallel Market Exchange Rate

NIGERIA: Daily Parallel Market Exchange Rate (August 1st 2019)

Parallel market exchange rate between the Naira and three of the world's major currencies.
Forex, NIGERIA: Daily Parallel Market, Exchange Rate

NIGERIA: Daily Parallel Market Exchange Rate (June 28th 2019)

Parallel market exchange rate between the Naira and three of the world's major currencies.

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COVID-19 could save naira from depreciating further

COVID-19 could save naira from depreciating further

The global spread of COVID-19 and fear of another surge later in the year could limit travel plans for dollar-hungry Nigerians, easing pressure on the already troubled naira.

Lagos seals off Jumia warehouse for contravening lock-down order

The Lagos State Government has sealed off of the business premises of one of the largest online marketing store in Africa, Jumia.
Seplat, stakeholders call for collaboration on Customer Protection Act, Seplat Petroleum announces closed period, as directors meet on March 19th, Seplat Petroleum announces a final dividend of at $0.05 per ordinary share, Seplat Petroleum donates items for management of COVID-19 to Edo

Seplat Petroleum donates items for management of COVID-19 to Edo

Seplat Petroleum Development Company on Wednesday joined the league of Nigerian corporates to donate to the fight against coronavirus  
Consolidated Hallmark Plc announces close period ahead of Q3 2019 results  , Consolidated Hallmark Insurance Plc. Group records N711.5million profit Up 33%  

Consolidated Hallmark Insurance declares N711.5 million profit, up 33%  

Consolidated Hallmark Insurance Plc. group released its audited full-year 2019 results after today’s trading hours. Here are the highlights.
How your stocks performed last week, Bears rule at the stock market, lose N174.37 billion on Wednesday , Nigerian bourse up 0.54% as Investors gain N63 billionBears dominate Nigerian bourse Index down 0.94%, trading volume remains low

Bears dominate Nigerian bourse Index down 0.94%, trading volume remains low

The bearish trend persisted in the Nigerian bourse as the Nigerian All Share Index fell further by -0.94 % to close at 21,100.54 points.