Money Market

Naira Dollar

Naira at 378/dollar as analysts expect MPC action

Culled—-Punch Oyetunji Abioye with agency report The naira fell to 378 against the dollar at the parallel market on Monday, down from 375 on Friday as scarcity of the greenback… Read more »


CBN Orders Banks to Sell FOREX to BDCs

By InvestAdvocate New York (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) in its effort to stabilise the naira has authorised agent banks approved for international money transfer operators to sell foreign… Read more »

Godwin Emefiele5

Nigeria’s central bank intervenes to stem naira slide – traders

July 22, 2016/Reuters Nigeria’s central bank sold dollars on the interbank currency market on Friday, seeking bids of $5 million each from primary market trader after the naira-dollar rate fell… Read more »