Browsing: NAIRA

In the same vein the naira also appreciated in value at the official interbank rate as it gained N0.02 to trade at N196.98 as against its previous value of N197

The shared amount comprised the Month’s Statutory revenue of N324.061 billion and N6.330 billion was again refunded to the Federal Government by the Nigerian National Petroleum Corporation

Similarly, the Naira stood firm against the dollar at the black market as it gained 50 kobo to sell at N225.50 compared with N226 traded on March 17

With elections due in less than six weeks, the changes let the central bank rein in its defence of the naira, on which it was spending more than $100 million a day, while avoiding the politically unpalatable word “devaluation”