The Central Bank of Nigeria (CBN) has reportedly formulated plans to stop the naira’s relentless decline versus the dollar. One of these strategies is to flood the market with dollars cash. The naira on Monday, August 14 closed at N744.41/$ at the Investors & Exporters (I&E) window and N935/$ at the parallel market. The naira…
ABUJA, July 20 (Reuters) – Nigeria’s naira traded at a record low of 860 per dollar on the black market on Thursday, according to traders, weakening below its official rate a month after the country devalued the currency and ahead of a central bank policy meeting next week. The bank last month allowed the naira…
The naira on Monday appreciated in value against the dollar. The naira exchanged N741.50 to a dollar at the investors and exporters window as at the close of business on Monday, July 3. On Monday, $88.68 million was traded at the investors and exporters window according to forex reports . The naira then gained by…