Nigeria’s foreign exchange reserve account fell by 2.68 percent to $27.14 billion as of April 27 from a March, when they were 27.87 billion, Central Bank data exposed on Friday. The reserves account also declined by 5.55 percent from $29.51 billion a year ago. Lower oil prices and increasing demand for imported goods has depleted […]
When Rukky Kofi finally landed herself an online job that would see her earning $1000 monthly, she must have been elated. But nothing prepared her for equal levels of disappointment when the time came to setup her work info. I found out that the company makes payments only via PayPal and at the moment, Nigerians […]
NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 27/4/2016 319/322 359/363 448/453 26/4/2016 319/322 358/363 448/453 25/4/2016 319/322 358/363 448/453 22/4/2016 318/321 359/363 449/453 21/4/2016 319/322 360/365 445/450
NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 26/4/2016 319/322 358/363 448/453 25/4/2016 319/322 358/363 448/453 22/4/2016 318/321 359/363 449/453 21/4/2016 319/322 360/365 445/450 20/4/2016 319/322 355/360 445/450
By Emeka Anaeto, Economy Editor The yet-to-be executed currency swap deal between Nigeria and China may have propped up the value of the Naira against US Dollar as the local currency closed at average of N318/ USD1 in the Bureau de Change, BDCs, while black market rates averaged N315/USD1 last weekend. The rate closed at […]
The naira yesterday firmed against the dollar at the autonomous market by N1 to close at N318/$ compared with N319/$ the previous day. It closed stable at N320 against the dollar at the parallel market and N197/$ at the Central Bank of Nigeria’s (CBN) clearing rates at the interbank foreign exchange market. The naira is […]
History is repeating itself in Nigeria, where the more President Muhammadu Buhari is urged to devalue the naira, the more he digs in his heels. Investors are beginning to surmise that politics — rather than economics — will determine the currency’s immediate future. Even as growth slows, inflation rises and foreign investors flee Africa’s biggest […]
April 18, 2016 The Naira ended the trading day lower against the dollar after a strong start ending at N322 to $1. The Naira opened stronger (trading at N317 to $1) on sentiments over the weekend that dollar supply would increase after details of the Nigeria/China currency swap agreement. However, oil prices crashed after OPEC […]
A lot have been made of President Buhari’s trip to China. Politicians from both major parties have either praised the achievements of the president while his opponents are focusing their criticisms on the weakness of the deal. We will dissect both of those at a later date but let’s separate fact from fiction and highlight […]
LAGOS, April 17 (Xinhua) — Nigeria’s plan to increase the availability of renminbi (Yuan) has already favored the Naira against the U.S. dollar, a top official with the Association of Bureau De Change Operators of Nigeria said Sunday. Aminu Gwadabe, President of the Association disclosed this to reporters in Abuja, saying since the announcement, the […]
Nigerian Naira Converter
