Browsing: NAIRA

The open indicative rate closed at 418.25 naira to the dollar Wednesday.

Salam, in an interview with the News Agency of Nigeria on Tuesday in Abuja decried the continuous devaluation of the Naira, saying that the Nigerian currency was doing badly when compared to other currencies of the world.

The Special Adviser to the President on Media and Publicity, Femi Adesina, said this on a Channels Television programme, Sunday Politics, on Sunday.

Dr. O.S. Nnaji, Director Trade and Exchange Department of CBN, said in a circular on Friday that the action contravened the apex bank’s directive that all remittances be paid to beneficiaries in dollars.

The Naira traded at N441 to the dollar on Tuesday, losing N6 from N435 recorded on Monday at the parallel market in Lagos.

The Pound Sterling and the Euro closed at N575 and N515 respectively.

The News Agency of Nigeria reports that the Naira exchanged at N439 to a dollar at the parallel market in Lagos, while Pound Sterling and the Euro closed at N580 and N495 respectively.

The Pound Sterling and the Euro also exchanged for N575 and N530 respectively.

The Association of Bureau De change Operators of Nigeria on Tuesday in Lagos advised Nigerians not to buy dollars for storage to avoid selling at a loss.

President Muhamamdu Buhari has directed the Presidential Committee on the impacts of Covid-19 on Nigeria’s economy to ensure that the investments and business of government continues to run without hitches.

The apex bank gave the explanation in a statement on Thursday in response to the stories making the round on the impending devaluation of the Naira

The Central Bank of Nigeria says receiving international money transfers in foreign currencies by Nigerians is detrimental to the Naira.

At the Bureau De Change segment, the naira was sold at N358.6, while the pound sterling and the euro closed at N445 and N396, respectively.

At the Bureau De Change segment, the naira traded at N359.3 to the dollar, while the Pound Sterling and the Euro closed at N450 and N396 respectively.

The Naira on Monday gained 50 Kobo to trade at N358.5 to the dollar at the parallel market in Lagos, slightly stronger than N359 traded on Friday.

The naira was traded at the segment at N461 and N407 against the Pound Sterling and the Euro, respectively.

The naira appreciated marginally against the dollar at the parallel market on Thursday, exchanging at N359 to the dollar.

The Central Bank of Nigeria has appealed to Nigerians to stop defacing the naira, describing it as a national identity and symbol, which must be kept neat.

The Pound Sterling and the Euro closed at N463 and N407 respectively.

The pound sterling and the euro exchanged at N462 and N407, respectively.