Tags Naira Value

Tag: Naira Value

Few days after recovery, Naira plunges again, exchanges for N440/$

The Naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales to the Bureau de...

CBN pegged dollar at N386 as apex bank resumes FX sales to BDCs

The CBN will sell dollars to the BDCs at a rate of N384/$ while the BDCs are to sell to end-users at no more than N386/$.

FG not planning to devalue Naira – CBN

The Central Bank of Nigeria (CBN) has ruled out the possibility of devaluing the naira next year, expressing optimism that crude oil price will remain stable in the new year.

CBN moves to ensure market forces determine value of naira, to stop official rate regime

The Central Bank of Nigeria (CBN) may soon allow the naira to freely find its value, with a possible depreciation on the official rate, usually pegged at about N305/$, an update on its website has indicated.
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