Naira weakens, now N357/$1
The Naira on Monday weakened further against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.
Naira remains stable at N310 to dollar at parallel market
The Naira on Monday remained stable, exchanging for N310 to the dollar at the parallel market.
CBN refuses to devalue the Naira, retains rate
The Central Bank of Nigeria, CBN, has refused to bow to the pressure to devaluate the Naira, as it announced, Tuesday, its decision to retain the Monetary Policy Rate, MPR at 11 per cent. It has an asymmetric corridor of +200 and -700 basis points.
Naira depreciates to N303/$ as dollar scarcity intensifies
LAGOS — The Naira depreciated against the dollar by N4 in the parallel market, yesterday, in response to intense scarcity of dollar in the market.
Naira stabilises at N295/$
LAGOS — The Naira remained stable at N295 per dollar in the parallel market, yesterday, as Bureau de Change, BDC, operators await the release of modalities on how to source dollars from autonomous sources.
FOREX CRISIS: Naira may crash further this week
Banks have recorded near zero foreign currency deposit inflow from high net-worth individuals indicating that their domiciliary account customers are staying cautious on the reversal of foreign currency deposit ban by Central Bank of Nigeria, CBN, early last week.
