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”
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The apex bank, in a statement in Lagos, said that the Naira closed at N185.50 from the N186.30 recorded on Wednesday
The News Agency of Nigeria reports that the appreciation was recorded at the parallel and black markets
“Nigerian economy, growing by 7.0 per cent came after China 7.3 per cent, and Qatar 7.1 per cent
The Naira also appreciated against the Pound Sterling at the Bureau De Change, trading at N290 from the N292 it traded on Monday
The Naira was sold at N191 to the Dollar at the Bureau De Change from N193 on December 24
I warned that the trend will leave our economy undiversified and make us sleep-walk into austerity
The National Publicity Secretary of APC, Alhaji Lai Mohammed, on Wednesday in Abuja told newsmen that the devaluation of currency had its implications on the people and the economy
At the Bureau De Change, otherwise known as the parallel market, the Naira depreciated by N4 to sell for N181.5 against the dollar, from the N177.5 it sold on Monday
Garda on Thursday made this suggestion at the one-day sensitization and public-private dialogue on presumptive tax administration in Plateau State, organized by the Plateau State Internal Revenue Service
At the official market, the currency was sold at N155.23k to the dollar, an amount it maintained since June 23
At the official market, the naira opened at N155.15 to the dollar, compared with N155.23 or a gain of 80 kobo, it traded on Friday, June 6
Similarly, it stood firm against the dollar at the black market as it gained 50 kobo to sell at N166 compared with N166.50 traded on May 26
At the Bureau De Change, the currency was sold at N165 to the dollar as against N167 that it was sold on Friday
At the official market, the Naira opened at N157.73 to a dollar on Monday and closed at N155.43 on Friday, gaining N2.3k
The Naira at the official market was sold at N157.73 to the dollar as against N155.23 offered on Friday
At the Bureau De Change, the naira was traded at N168 against the dollar compared to N168.50 on Monday, up by 50 kobo.
Speaking at the cashless sensitization exercise on Tuesday in Jos, Plateau State, the Branch Controller of the CBN, Mathias Kurah, said the policy, introduced in 2010, when implemented will enhance service delivery as well as reduce industry cost
Okonjo-Iweala, who disclosed this at a news conference in Abuja, said since the announcement of the suspension of Sanusi by President Goodluck Jonathan, the naira had become unstable
The naira was sold at N155.24 against the dollar at the official market against the N155.22 offered last week