The News Agency of Nigeria reports that the MPC left the benchmark interest rate unchanged at 14 per cent, alongside other monetary policy parameters.
Browsing: Bureau de Change
The News Agency of Nigeria reports that the Nigerian currency lost 50 kobo from N365 posted on Wednesday, while the Pound Sterling and the Euro closed at N487 and N436.
It exchanged for N369 to the dollar, weaker than N367 posted on Wednesday, while the Pound Sterling and the Euro closed to the naira at N478 and N437, respectively.
At the Bureau De Change window, the Naira was sold at N363 to the dollar, while the Pound Sterling and the Euro closed at N476 and N436, respectively.
The accused, 40, had appeared on a four-count charge bordering on conspiracy, stealing and obtaining money under false pretences.
The Bank’s Acting Director in charge of Corporate Communications, Isaac Okorafor, who disclosed this, reiterated that the interventions had ensured stability in the market, even as he stressed that the CBN remained committed to maintaining transparency in the market
The Nigerian currency gained N1 to exchange at N364 to the dollar, stronger than N365 posted on Friday, while the Pound Sterling and the Euro closed at N470 and N430.
The Nigerian currency lost one point to exchange at N368, weaker than N367 posted on Wednesday, while the Pound Sterling and the Euro closed at N478 and N432.
The News Agency of Nigeria reports that the Nigerian currency lost one point from N366 posted on Friday, while the Pound Sterling and the Euro closed at N476 and N432.
At the Bureau De Change window, the naira was traded at N363 to the dollar, while the pound sterling and the Euro closed at N477 and N428, respectively.
Traders at the market said uncertainty on the exchange rate permeated trading as buyers exercised great caution
The Nigerian currency lost 0.50 to exchange at N362 from the N361.5 it posted on Wednesday, while the Pound Sterling and the Euro closed at N474 and N424, respectively.
The Nigerian currency gained two points to trade at N363 to the dollar on Tuesday at the parallel market in Lagos, stronger than N365 posted on Monday.
The Nigerian currency gained one point to exchange at N365 to the dollar at the parallel market, stronger than N366 posted on Friday, while the Pound Sterling and the Euro traded at N475 and N420, respectively.
Traders at the market said the nation’s currency would witness greater stability as the Central Bank of Nigeria continues its intervention
Confirming the figures on Monday, the Acting Director, Corporate Communications at the CBN, Isaac Okorafor, said the Bank was pleased at the performance of the naira, which had made tremendous gain against the dollar in recent times
Alhaji Aminu Gwadabe, the President of Association of Bureau de Change Operators of Nigeria, said that he expected the naira to continue to appreciate in the coming weeks
Currency traders said the liquidity boost at the FOREX market had forced the naira to appreciate
Currency traders in Lagos said the offer of $20,000 to each of the BDCs on Wednesday helped to stabilise the naira
Speaking on the development, the Acting Director of Corporate Communications at the CBN, Isaac Okorafor, said the inability of authorized dealers to pick up the whole amount offered was a pointer to the fact that there was enough foreign exchange to meet legitimate forex demands within the system