Tag archive for ‘dollar’
By Modupe Gbadeyanka On Wednesday, May 10th, 2017
0 Comments

Nigeria’s Dollar Liquidity Shortage May Continue—Moody’s

By Modupe Gbadeyanka Nigeria’s (B1 stable) dollar liquidity constraints are likely to persist for the foreseeable future, despite the recent improvements in foreign exchange earnings and availability, Moody’s More...

By Modupe Gbadeyanka On Tuesday, March 28th, 2017
0 Comments

Dollar Crashes to N380/$ at Black Market

By Modupe Gbadeyanka The free fall of the Dollar against the Naira continued on Tuesday, March 28, 2017, when it traded at N380 at the parallel market. The currency had closed for the day on Monday at the rate More...

By Dipo Olowookere On Tuesday, March 28th, 2017
0 Comments

BDC Operators Want IMTOs Cash at N330/$

By Dipo Olowookere The Central Bank of Nigeria (CBN) has been advised to review the International Money Transfer Operators (IMTOs) rate to N330 to dollar, which was the previous rate at which the Bureaux de Change More...

By Modupe Gbadeyanka On Monday, March 27th, 2017
0 Comments

CBN Orders Banks to Sell Dollar at N360

By Modupe Gbadeyanka Commercial banks operating in Nigeria have been directed by the central bank to sell forex to their retail customers at the rate not more than N360 per Dollar. The apex bank gave this order More...

By Modupe Gbadeyanka On Friday, March 24th, 2017
0 Comments

Why Abuja Dollar Rate Differs from Lagos—Gwadabe

By Modupe Gbadeyanka President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Mr Aminu Gwadabe, has explained the reason behind difference in the exchange rate of Dollar to the Naira in Abuja More...

By Modupe Gbadeyanka On Wednesday, March 22nd, 2017
0 Comments

Dollar Crashes to N410 at Black Market

By Modupe Gbadeyanka The Naira has continued to gain strength against the Dollar at the parallel segment of the foreign exchange market in Nigeria. On Wednesday afternoon, the local currency gained N20 against More...

By Modupe Gbadeyanka On Thursday, March 9th, 2017
0 Comments

BDCs to Bid for $25m from Travelex at N381/$

By Modupe Gbadeyanka Members of Association of Bureaux De Change Operators of Nigeria (ABCON) will today bid for $25 million from international money transfer firm, Travelex. According to Reuters, the bidding would More...

By Modupe Gbadeyanka On Monday, March 6th, 2017
0 Comments

Naira Gains N5 Against Dollar 24hrs After CBN Threat

By Modupe Gbadeyanka The Naira has recorded a marginal gain of N5 at the parallel market barely 24 hours after the Central Bank of Nigeria (CBN) issued a circular threatening to suspend any erring authorised foreign More...

By Modupe Gbadeyanka On Saturday, February 25th, 2017
0 Comments

Naira Trades N460 Against Dollar at Black Market

By Modupe Gbadeyanka The Nigerian Naira on Friday further finished stronger than it opened at the parallel segment of the foreign exchange market, closing at N460 against the Dollar. The local currency had opened More...

By Modupe Gbadeyanka On Saturday, February 18th, 2017
0 Comments

CBN to Give Extra $20m Weekly to Banks

By Modupe Gbadeyanka As from Monday next week, banks in Nigeria will receive an additional $20 million every week from the Central Bank of Nigeria (CBN) to cushion the effect of Dollar scarcity in the country. According More...

%d bloggers like this: