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Farooq

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The Naira on Thursday appreciated against the dollar in the parallel market. The local currency appreciated by N1 in the parallel market segment. Naira exchange rate dropped to N366 per dollar from N367 on Wednesday. Analysts say Central Bank of Nigeria (CBN) intervention on Monday – supply of 195 million dollars – stabilised the market. […]

By Babajide Komolafe The Naira yesterday appreciated against the dollar in the parallel market and in the Investors & Exporters window due to boost in dollar supply. The Naira appreciated by N1 in the parallel market segment, as the parallel market exchange rate dropped to N366 per dollar yesterday from N367 per dollar on Thursday. […]

The senate has asked the federal government to give dollar to the National Hajj Commission of Nigeria (NAHCON) and Nigeria Christian Pilgrims Commission (NCPC) at an exchange rate of N200 to a dollar. This recommendation was made by the committee on foreign affairs. The committee said the concession will bring pilgrimage cost to a bearable […]

Dollar to Naira Rate Black Market July 21 2017. Today’s Naira Black Market Exchange Rates. Dollar to Naira. Pounds to Naira. Euros to Naira. These are the prevalent rates for Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP […]

Kemi Adeosun, minister of finance, says the Muhammadu Buhari-led administration recovers stolen funds on a daily basis. Adeosun, who made this known while speaking on a programme on African Independent Television (AIT), did not state how much has been recovered by the Buhari-led administration so far. “It’s a process that we are reconciling and I’m […]

  • NNPC

Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the country now produces 2.2 million barrels of crude oil per day. Baru, who was represented by Saidu Mohammed, made this known while speaking at the sixth sustainability in the extractive industries conference, organised by the CSR-in-Action in Abuja. Baru said Nigeria […]

  • CBN

The Central Bank of Nigeria said it sold a total of $2.64bn to authorised dealers in May. According to the CBN’s Economic report for May, the amount indicated 70.8 per cent and 106.1 per cent increase above the levels in the preceding month and the corresponding period of 2016 respectively. The bank attributed the development […]

  • dollar to naira

NAIROBI, July 20 (Reuters) – Kenya’s shilling is expected to weaken next week, with increased import demand outweighing currency inflows, while the Zambian kwacha is likely to remain stable as companies convert to hard currency to meet month-end obligations. Kenya The Kenyan shilling could weaken, barring any central bank dollar sales, due to broad demand […]

LAGOS, July 20 (Reuters) – A Nigerian court has ordered that a $37.5 million property owned by former oil minister Diezani Alison-Madueke be seized, the state news agency said, as she faces charges of corruption and money laundering. The U.S. Justice Department filed a civil complaint last Friday aimed at recovering about $144 million in […]

Obinna Chima The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter of 2017 has been estimated at US$15 billion. This, however, represented a decline of 9.2 per cent below the level in the fourth quarter of 2016, but showed an increase of 1.4 per cent over the level at the […]