Naira Exchange Rates - Parallel Market Lagos. *Prevelant Rate - Could be slightly higer or lower based on vendor.
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Nigerian interbank rate falls after banks rediscount debt notes - Reuters

LAGOS, June 24 (Reuters) - Nigeria's interbank overnight rate eased 20 percentage points to 15 percent on Friday from Thursday's close after some banks approached the central bank's discount window for short-term cash accommodation, traders…

Nigeria naira holds flat as central bank sells dollars - Reuters

LAGOS, June 24 (Reuters) - Nigeria's naira held steady at the close of trading on Friday as the central bank intervened for a fifth straight day with dollar sales to ease liquidity after it floated the currency earlier this week, traders said. The…

Nigeria stocks end three-day rally as Brexit stokes risk aversion - Reuters

LAGOS, June 24 (Reuters) - Nigerian stocks ended a three-day rally on Friday, falling 1.4 percent as worries over Britain's shock vote to exit the European Union spread across emerging markets. The main stock index, which crossed 31,000…

CBN sells FX to boost liquidity for fifth straight day

LAGOS, June 24 (Reuters) - Nigeria's central bank sold dollars on the interbank market for the fifth consecutive day to ease dollar shortages after it floated the currency earlier this week, traders said on Friday. The naira traded at 281.75…

CBN, bank treasurers meet over forex, liquidity crises - Today

In a bid to review and fine-tune the newly introduced foreign exchange policy, as well as discuss the current liquidity crisis that has astronomically raised interbank rates, lenders’ head of treasury are meeting with the top officials of…

2016 budget suffers setback as Fitch downgrades Nigeria, puts GDP growth at 1.5% - The Cable

Fitch, Moody, S&P, the biggest credit rating firms in the world, have all downgraded Nigeria’s credit ratings, making it all the more difficult to fund the 2016 budget. In March, Standards & Poor (S&P) revised Nigeria’s sovereign…