Onanuga said this in reaction to a report that some Chinese traders have begun accepting naira in place of the United States dollar for transactions with Nigerian customers. According to the report, forex traders attributed the recent exchange rate stability to the success of Nigeria’s currency swap agreement with Chinese traders now collecting naira for […]
The local currency had recorded a N25 appreciation against the dollar since the beginning of the week, when it traded at N1,600 per dollar in the parallel market. Naira appreciated to N1,537 per dollar in the Nigerian Foreign Exchange Market, NFEM.Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for […]
Data from the official trading platform of the FMDQ Exchange, revealed that the Naira currently gained N42.15. This represents a 2.5 per cent gain when compared to the previous trading date when it exchanged at N1,681.65 to a dollar. Read Also : Dollar supply drops as Naira depreciates on Thursday Also, the total daily turnover […]
FMDQ data showed that the foreign exchange transactions turnover declined to $87.51 million on Thursday from $139.48 million recorded the previous day. This represents a $57.97 million decrease in FX transactions turnover on a single day. The development led to the depreciation of Naira to N1544.02 per dollar on Thursday for N1539.65 exchanged on Wednesday. […]
Cubana Chief Priest was alleged to have sprayed and tampered with naira notes during an event at the Eko Hotel in Lagos. However, the nightlife promoter pleaded not guilty to the charges and was granted bail of ₦10 million At the last adjourned date on May 2, Chikaosolu Ojukwu ,SAN, the defence counsel, informed the court that the parties […]