Posts Tagged ‘Exchange Rate’

CBN Set To Unify Exchange Rates, Pegs Naira At 379 Per Dollar

The exchange rate of the naira to the dollar was officially changed by the Central Bank of Nigeria (CBN) from N361 to N379 on its website, on Saturday. Earlier, the bank had expressed its decision to unify the exchange rates in the country as forex scarcity persisted. It was however yet to announce if this […]

Naira Back at N197 to the Dollar on Interbank Market

The naira firmed against the dollar on the parallel market on Wednesday following central bank sales of about $80 million to bureau de change operators, traders said. The local currency was trading at N215 to the dollar on the parallel market, compared with N228 at the previous day’s close, according to Reuters. It closed at […]