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Nigeria: Struggling Naira Appreciates By N10 to N350 Per Dollar
Vanguard, 16 May 2016
The Naira, buffeted by market forces reacting to policy pronouncements, on Monday, appreciated by N10 to N350 per dollar in the parallel market. Read more »
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Nigeria: Naira Appreciates Against Dollar
Vanguard, 16 May 2016
The Naira on Monday appreciated by 4.4 per cent against the dollar at the parallel market, gaining N16 from its Friday rate. Read more »
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Nigeria: Naira Appreciates Against Dollar, As NSE Market Capitalisation Increases By N130 Billion
Premium Times, 16 May 2016
The Nigerian Naira on Monday appreciated by 4.4 per cent against the U.S. dollar at the parallel market, gaining N16 from its Friday rate. Read more »
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Nigeria: CBN Vows to Bridge Forex Markets Gap As Naira Appreciates
This Day, 26 February 2016
The Central Bank of Nigeria (CBN) has assured Nigerians that it would continue to implement policies that would lead to the convergence of the official and parallel markets… Read more »
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Nigeria: Naira Further Firms Up, Now 250/$
Leadership, 25 February 2016
The naira rose by 50 per cent yesterday against the dollar at the parallel market to N250 from N375, which it traded on Monday. Read more »
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Nigeria: Save the Naira, Embrace Made-in-Nigeria Goods - Ambode
Daily Trust, 25 February 2016
The Governor of Lagos State, Mr. Akinwunmi Ambode has expressed optimism that the foreign exchange crisis plaguing the country which has resulted in Naira depreciating against the… Read more »
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Nigeria: Who Is "Killing" the Naira?
Vanguard, 25 February 2016
The assumption that Nigeria is divided between those who "want" devaluation and those who oppose it is a false appearance. Any rational Nigerian, especially middle class… Read more »
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Nigeria: Naira Appreciates to N300/$ On Parallel Market
This Day, 24 February 2016
The naira sustained its upswing on the parallel market on Wednesday as it climbed to N300 to a dollar at the end of business in Lagos, stronger than the N310 to a dollar it closed… Read more »
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Nigeria: Naira Appreciates Further to N305/$
Vanguard, 24 February 2016
The naira continued its appreciation against the dollar in the parallel market Wednesday, as the parallel market exchange rate dropped further to N305 per dollar. Read more »
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Nigeria: Buy Naija to Grow the Naira - Probably Pointless but Potentially Dangerous
Premium Times, 24 February 2016
And no, there is no country that corners its local market before going international. So the idea of producing for the local market first before heading abroad is moot. The largest… Read more »
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Nigeria: Anyaoku Backs Buhari On Naira Devaluation
Premium Times, 24 February 2016
It was a mix of political and economic ideologies at the Ondo State 40th Anniversary Symposium in Akure on Wednesday, as former Secretary General of the Commonwealth, Emeka… Read more »
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Nigeria: Ubah - I'm Ready to Forfeit My Assets If I Don't Stabilise Naira
This Day, 24 February 2016
The Managing Director/CEO of Capital Oil Group, Mr. Ifeanyi Ubah, has reaffirmed his pledge to stabilise the value of the naira to N200 to one United States dollar within 30 days,… Read more »
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Nigeria: Naira Gains At Parallel Market
Premium Times, 23 February 2016
The naira further gained N6 on Tuesday, trading at N364 to the dollar at the parallel market, following President Muhammadu Buhari's stance not to devalue the currency. Read more »
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Nigeria: Speculators Get Their Fingers Burnt, Naira Strengthens to N310/$
This Day, 24 February 2016
Foreign currency speculators, who launched an unprecedented attack against the naira in the last two weeks, got their fingers burnt on Tuesday when the nation's currency staged a… Read more »
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Nigeria: Naira Appreciates to N345/$ As BDCS Kick Against Devaluation
Vanguard, 23 February 2016
The Naira Tuesday appreciated further to N345 per dollar in the parallel market. Meanwhile bureaux de change BDC) operators have voiced their support for the federal government's… Read more »
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Nigeria: Buhari and the Impending Death of the Naira
Vanguard, 24 February 2016
The Naira, Nigeria's national currency, has been very much in the news in the last couple of weeks. The naira is seriously ill and the prognosis from the 'experts', many of them… Read more »
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Nigeria: Naira Becoming a 'Banana Republic' Currency
Vanguard, 21 February 2016
Financial Derivatives Company has said that the increasing uncertainty in the foreign exchange market has turned the naira into a 'banana republic' currency. Read more »
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Nigeria: Devalue Naira Now, Your Forex Policy Short-Changing Nigerians, Fayose Tells Buhari
Premium Times, 21 February 2016
The Ekiti State Governor, Ayodele Fayose has called for the devaluation of the nation's currency, the Naira, saying, "With the gap between the official rate of N199 and open market… Read more »
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Nigeria: Naira Slumps to N340 to Dollar At Parallel Market
Guardian, 15 February 2016
The Naira on Monday slumped further at the parallel market as the greenback remained scarce. Read more »
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Nigeria: Naira Now 340 to Dollar At Parallel Market
Daily Trust, 16 February 2016
The naira yesterday slumped further at the parallel market as the greenback remained scarce. Read more »
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Nigeria: Naira Falls to N345/$ in Parallel Market
Vanguard, 15 February 2016
The Naira yesterday suffered its biggest daily depreciation against the dollar as the exchange rate rose to N345 per dollar in the parallel market. Read more »
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Nigeria: We Didn't Violate CBN's Rule On Forex Ban - GTbank
Daily Trust, 15 February 2016
Guarantee Trust Bank (GTbank) has denied violating the Foreign Exchange (forex) allocation rule of the Central Bank of Nigeria by allocating the hard currencies to an importer of… Read more »
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Nigeria: No, Devaluation Would Not Help the Nigerian Economy
Daily Trust, 15 February 2016
The Central Bank's (CBN) decisions to restrict what gets imported with the "oil dollars" it provides, and to stop Bureaux des Change from accessing the foreign exchange it sells,… Read more »
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Nigeria: Devaluation Is Not the Magic Wand for Investors
This Day, 16 February 2016
Foreign investors play a critical role in the growth of the economies of countries that host to them. They bring scarce capital, international expertise, knowledge and technology… Read more »
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Nigeria: Finding a Remedy for Nigeria's Troubled Currency
This Day, 15 February 2016
The continuous slide of the naira on the parallel market as well as foreign currency restrictions in the country have continued to ignite the naira devaluation debate. Most foreign… Read more »
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Nigeria: Why the President Is Reluctant to Back Devaluation
This Day, 15 February 2016
With the clamour growing everyday for the Central Bank of Nigeria (CBN) to devalue the Nigerian naira and relax foreign exchange controls, THISDAY has learnt that a number of… Read more »
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Nigeria: On Devaluation of the Naira
Guardian, 15 February 2016
There is no doubt that the Muhammadu Buhari administration's resolve not to devalue the naira is the correct position to take in Nigeria's circumstance. Since the downturn in the… Read more »
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Nigeria: Panic Buying Weakens Naira to N340/U.S.$1 On Parallel Market
This Day, 16 February 2016
Following speculations that the Central Bank of Nigeria (CBN) may soon exclude payments of school fees from its lists of items eligible for foreign exchange at the official market,… Read more »