Ejelonu said that they printed fake naira notes amounting to N98 million and fake dollar notes amounting to US$1,487,700. Seven men and one woman who allegedly printed fake N98 million notes and US$1.487,700, have been remanded by Gwagwalada Chief Magistrates’ Court. The accused Musa Mayo, Bala Jatau, Ibrahim Dangana, Luka Daniel, Nnemeka Ude, … Read more
The local currency opened the day at ₦515 to a United States Dollar but at the Bureau De Change segment, the Naira exchanged at ₦513 to a United States Dollar, ₦705 to a British Pound and ₦600 to a single Euro. The Nigerian Naira was largely unchanged against the United States Dollar on Tuesday morning … Read more
The Nigerian Naira slid against global counterparts at the unregulated parallel market, popularly known as the black market on Thursday, Ekohotblog has learnt. Our correspondent gathered that the Naira dipped by ₦5 against the United States Dollar from ₦510 it exchanged on Tuesday to ₦515 on Wednesday before opening at exact same amount on Thursday. … Read more
The NAFEX window is a market trading segment for investors, exporters and end-users The Central Bank of Nigeria (CBN) has now pegged the exchange between naira and dollar to N410.25/$1. The new rate is sequel to the apex Bank adoption of the Nigerian autonomous foreign exchange (NAFEX) rate — further weakening the naira by 8 … Read more
The Naira suffered a decline against the Dollar on Wednesday, eroding the slight appreciation recorded by the legal tender against the United States currency in recent days. Ekohotblog reports that the naira did not measure up well to the dollar at the Investors and Exporters (I&E) window on Wednesday as trading closed at N394.17k per dollar. According to … Read more
The naira exchanged to the dollar in the parallel market at ₦474/$ on Thursday. Ekohotblog gathered that naira to dollar was exchanged at 473/$1 on Monday. The naira which recorded slight improvement in recent days closed at the Importer & Exporter forex window at ₦394.6/$. Meanwhile, the Central Bank of Nigeria (CBN) retained the official … Read more
The Central Bank of Nigeria (CBN) has pegged exchange rate between Naira and Dollar at the parallel market to 392/$ The apex Bank directed bureau de change operators in the country not to sell dollars higher than N392 to end users. The directive is contained in a circular signed by O.S. Nnaji, director of trade … Read more
The dollar fell on Monday while European shares and riskier currencies gained, with some analysts attributing the pick-up in sentiment to U.S. regulators approving a treatment for COVID-19 patients ahead of the Republican National Convention. More than 800,000 people around the world have died from the coronavirus, with the death toll in the U.S. alone, … Read more
South Africa’s rand raced to its highest in more than eight weeks against the U.S. dollar on Tuesday, as optimism about a global recovery from the COVID-19 pandemic boosted riskier assets, with investors looking past Sino-U.S. trade tensions. At 0605 GMT, the rand traded at 17.4700 per dollar, 0.91 percent firmer than its previous close. … Read more
Foreign exchange scarcity continues to bite hard at the parallel market, causing the Naira to dropped N5 against the US Dollar to trade at N455/$1 on Friday, May 15, Businesspost reports At the previous session on Thursday, the local currency had traded at N450/$1 at the same market segment. Against the Euro, the local currency … Read more
The Naira for second week consecutively has continued its decline as the currency continues to tank against the dollar. The naira continued its expected crash on Thursday after it exchanged at N450 to dollar at the parallel market. The naira plunge is partly engendered by the build up on dollar demand continued to rise. The … Read more
The Central Bank of Nigeria (CBN) has made an alteration to the price of dollar sales. In a communique to all banks and Bureau De Change on Friday, the CBN advised that the BDC to end-user sales of the Dollar should not be more than N380/1USD. This is the highest official exchange rate between the … Read more
The naira on Monday traded at N362.57 to the dollar at the parallel market in Lagos. Turnover at the window stood at 293.60 million dollars. The currency was N359 to dollar at the parallel market in Lagos, while it was exchanged at N445 and N397 to the pound sterling and Euro, respectively. At the Bureau … Read more
The naira on Monday traded at N359 to the dollar at the parallel market in Lagos. The pound sterling and the euro exchanged at N462 and N407, respectively. At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the pound sterling and the euro closed at N462 and … Read more