The naira on Monday weakened to new low of N527 to dollar in the parallel market. The local currency position represents N3 depreciation from N524 to dollar it closed last week. The…
Tag: Naira
Naira weakens further to 517 against dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell to 517 against the US currency at…
Naira Falls To N522/$1 At Parallel Market Over CBN Controversial Policy
Following the discontinuation of sale of foreign exchange (FX) to Bureaux De Change (BDCs) operators in the country by the Central Bank of Nigeria, the naira has dropped to N522 to a…
Naira slumps further as exchanges hit N504 at parallel market
The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in the…
Local Refineries To Buy Crude Oil In Naira – PIB
VAM news has learnt that crude oil refining licences bearers in Nigeria will pay for domestic crude oil supply in Naira. This development is in line with the Petroleum…
CBN To Nigerians: Spray Naira Notes, Go To Jail
þ The Ctral Bank of Nigeria, CBN, has warned Nigerians against spraying the Naira notes in parties and other events. Isaac Okorafor, the CBN spokesman, who made this known on Thursday in…