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BUJA, June 30 (Reuters) – Nigerian President Muhammadu Buhari on Thursday urged community leaders from the Niger Delta to pacify people in the restive southern region, which has been hit by a series of attacks on oil and gas facilities in the last few months. Nigeria, an OPEC member which was until recently Africa’s biggest oil […]

  • dollar to naira

LAGOS, June 30 (Reuters) – Nigeria’s forex reserves fell marginally to $26.34 billion by June 28, down 0.30 percent from a month ago, central bank data showed on Thursday. Dollar reserves of Africa’s biggest economy stood at $26.42 billion last month, down 9.2 percent from a year ago. The central bank lifted 16=month-old currency controls […]

* OPEC supply rises by 250,000 bpd to 32.82 million bpd * Nigerian output, after attacks, posts biggest rise * Iraq only major Middle East producer not raising output * For a table of OPEC output, see By Alex Lawler LONDON, June 30 (Reuters) – OPEC’s oil output has risen in June to its highest […]

* Oil worker wage talks begin in Norway * Return of Nigerian supply could hit prices -Goldman * Brexit, slowing Asia, darken economic outlook * U.S. crude inventories fall 4.1 million barrels By Alex Lawler and Dmitry Zhdannikov LONDON, June 30 (Reuters) – Oil fell below $50 a barrel on Thursday, pressured by higher Nigerian […]

  • dollar to naira

LAGOS, June 30 (Reuters) – Nigerian central bank has sold $7 million at 283 naira to the dollar on the interbank currency market on Thursday, one trader at a major commercial bank told Reuters. Traders said the local units of ExxonMobil, Chevron, Eni and Addax sold a combined $37.2 million through commercial banks for import […]

Dollar to Naira Rate Black Market June 30 2016. Today’s Naira Black Market Exchange Rates. Dollar to Naira. Pounds to Naira. Euros to Naira. Prevalent rates for the City of Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP (£) […]

  • dollar to naira

The new foreign exchange regime implemented by the Central Bank of Nigeria (CBN) saw the naira “effectively devalued” from 197 to about 283 against the dollar on the official side. The naira has lost over 30 percent of its value to the dollar since the start of the new regime, but many foreign investors are […]

  • CBN

Central bank confirms talks on planned resumption of dollar supply to BDCs The first Naira-settled over-the-counter (OTC) foreign exchange (FX) Futures on the FMDQ OTC Securities Exchange was yesterday executed between the Central Bank of Nigeria (CBN) and Citibank Nigeria Limited. Although the FMDQ which disclosed this on its website, did not give further details […]

  • Kachikwu

Ejiofor Alike in Lagos and Chineme Okafor in Abuja The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has signed Memorandums of Understanding (MoUs) with several Chinese firms for over $80 billion new investments, spanning five years, in the oil and gas industry covering pipelines, refineries, gas and power, facility refurbishments and upstream financing. […]

Houston, TX June 29 (FxMallam) – As United Airlines prepares for its last scheduled flight from Houston to Lagos, Nigeria on June 29, 2016, rumors reaching from internal sources suggest that the Houston based carrier may be reconsidering it’s decision to pull out of the West African Country. Both Houston and Lagos are key centers for […]