Queen Doosh

Nigerian senate on Thursday called on the Federal Government to give a N200/$ concession to the National Hajj Commission of Nigeria (NAHCON) and the Nigeria Christian Pilgrims Commission (NCPC) once in every year.

Nigeri's Naira on Thursday recorded further gains against the dollar at the parallel market, the News Agency of Nigeria reports.

Dollar yesterday crashed to N368/$ in the parallel market, after over three weeks at N382/$, representing N14 appreciation within the period.

To strengthen the Naira rate and boosts liquidity, the Central Bank of Nigeria, CBN, on Friday opened a special foreign exchange window for investors and exporters.

International Monetary Fund, IMF, on Thursday advised the Nigerian government on ways to ease its economy out of recession.

Economic and Financial Crimes Commission (EFCC) has arrested two directors of the Central Bank of Nigeria. 

Nigeria's Central Bank of Nigeria (CBN) has slashed the rate at which it was selling dollars to Bureau De Change (BDC) operators nationwide.

 The Central bank of Nigeria, CBN, on Monday directed all deposit money banks to immediately commence the sale of foreign exchange to their customers at not more than N360 to the dollar.

  The Nigerian naira on Friday ended the week by trading 390 per US dollar at the parallel market.

After several months of struggling to stabilize the Naira against the dollar, it finally crashes below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos and exchanged at N395 in Abuja, lower than N410 at which it traded on Tuesday ThisDay reports.

The Nigeria's Naira on Tuesday made great recovery, when it rose 5.81 per cent to 430 against the United States Dollar at the parallel market.

The Nigerian Naira at the end of business on Monday depreciated further to 307.5 units per dollar at the official market. 

Reports have it ,that the Naira is set to appreciate further against the Dollar this week as the Central Bank of Nigeria (CBN) has continued to attack the black market operators. 

This is the exchange rate today. The Nigerian Naira this week has continued to appreciate against the Dollar, Pound and Euro. Photo credit: Nigerian Bulletin

Nigerian Naira today gained against the Dollar, Pounds and the Euros at the black market.

Forex market on Friday reacted to the news of President Muhamadu Buhari's return from medical trip from UK by appreciating against the three major currencies at the parallel market.

Nigerian naira on Tuesday closed firm at 455 to a dollar at the parallel market despite Central bank of Nigeria's intervention in the market on Monday.

The Naira is gradually regaining its value at the Bureau De Change market as it exchanged at N310 to the dollar yesterday. Checks by our correspondent at the Zone 4, Abuja bureau de change market showed that the operators were buying at N310 to one dollar from walk-in customers as against the about N400 last week. However the BDCs were still selling at N360 to customers willing to buy. The Central Bank of Nigeria (CBN) official rate is still N199.50 to the dollar. Speaking to our correspondent on the matter, the acting Chairman, North Central Chairman of the Association of Bureau De Change Operators of Nigeria (ABCON) Alh. Shehu Mahmud said the naira went crashing lately at the streets market largely due to activities of speculators. According to him, when ABCON realized that, it has taken measures to ensure the value of the naira is restored further. Alh. Shehu who is also the Managing Director/CEO Fortune Bureau de Change Ltd said to “show the government that ABCON are p...

Nigerian naira on Friday appreciated 8.9 per cent to close at 460 to a dollar at the parallel market, fourth continuous days since the Central Bank of Nigeria relaxed the Forex policy.

As of today Friday... This is the exchange rate for all different currency at the parallel market.