Naira appreciates against dollar
The Naira on Monday appreciated by 4.4 per cent against the dollar at the parallel market, gaining N16 from its Friday rate.
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.
Exchange rate volatility, others cripple stock market —NSE
LAGOS — Amidst continued pressure in the foreign exchange market, the Nigerian Stock Exchange, NSE, yesterday said the continued slide in the stock market indices is a fallout from the volatility of the foreign exchange rate as well as uncomplementary economic policies of the government.
Naira depreciates to N287\$ as CBN refunds BDCs
LAGOS — The Naira depreciated to N287 per dollar at the parallel market, yesterday, following the decision of the Central Bank of Nigeria (CBN) to stop dollar sales to Bureaux de Change (BDCs).
