Naira up at N359/$ in parallel market
The Naira, yesterday, appreciated to N359 per dollar in the parallel market.
Naira gains against dollar at investor’s window
The Naira on Wednesday gained 70 kobo to exchange at N364.15 to the dollar at the investor’s window,
Naira sells at 364.22 to dollar at investor’s window
A German man who launched a shrapnel bomb attack on the team bus of football club Borussia Dortmund in April 2017 to make money on the club’s shares diving was on Tuesday sentenced to 14 years in jail.
Naira appreciates to N363.85/$ in I & E window
The Naira, yesterday, appreciated to N363.85 in the Investors and Exporters (I&E) window despite a 41 percent decline in the volume of dollars traded.
Naira depreciates to N364 in parallel market
The Naira, yesterday, depreciated to N364 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON), the parallel market exchange rose to N364 per dollar from N363 per dollar on Monday, indicating one naira depreciation of the naira.
The wrong way to defend the naira
THE Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).
