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Dollar to Naira black market rate for February, 2018
 
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Nigerian Central Bank sets new exchange rate for certain consumers
 
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Nigeria has set a new naira exchange rate for consumers with certain foreign expenses and stepped up dollar sales on the official market to narrow the spread with the black market. Analysts doubted whether the moves would draw investors back to the suffering economy. The regulator said Nigerians can now get the dollar at N360 across all commercial banks within the country. Nigeria is battling a currency crisis brought on by low oil prices. The prices have tipped its economy into a recession, hammered its dollar reserves and created chronic dollar shortages, frustrating businesses and individuals. The central bank, opposed to a free naira float, has been selling the U.S. currency on the official currency market to try to narrow the spread with the black market rate, which was at 390 last week, albeit down from 520 to the dollar a month ago.
Views: 1788 CGTN Africa
Price of Dollar to Naira in Nigeria Black Market
 
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This video gives the black market rates of the three major world currencies against the Naira.
Views: 1503 Newsbeat pool banker
How much is Dollar, Pounds, Euro and Naira in black market for Jan 26, 2016
 
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This video gives the foreign exchange rate between the pounds and naira in the black market in Nigeria. it also gives the exchange rates of pounds, euros against the naira.
Views: 7671 Newsbeat pool banker
How much is dollar to naira in Nigeria black market today Feb 25, 2016
 
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This video gives the current exchange rate of the dollar to naira, the pounds to naira, and euro to naira, in Nigeria parallel or black market.
Views: 12270 Newsbeat pool banker
Naira retains new rate against top foreign currencies
 
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All videos about Nina: http://bit.ly/BBNaija-2018-Nina All videos about Cee-c: http://bit.ly/BBNaija-2018-Cee-C All videos about BBNaija 2018: http://bit.ly/bb-naija-2018 Naira retains new rate against top foreign currencies - The Nigerian currency maintains its new rate against Dollar at parallel market- The local currency, also retained its rate against Pound and Euro - The Naira closed at N363 to a Dollar, N443 to Euro while the Pound traded at N510The Nigerian Naira on Thursday, April 12, retained its strengthened rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N363 against Dollar, N510 to £1 and N443 against Euro as it was yesterday, Ap...
Views: 13 SS NEWS
Gap between official and black market exchange rate widens in Nigeria
 
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The Nigerian Naira seems to have so far defied all intervention moves from the country's monetary authorities as it continues on a decline especially in the unofficial parallel market. The gap between the official rate and the parallel market rate is at its widest ever. Many have called for the closure of the parallel market while others say another round of devaluation of the naira will do the trick. CGTN's Deji Badmus has been looking at the arguments.
Views: 512 CGTN Africa
How much is dollar to naira in Nigeria black market today March 4, 2016
 
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This video gives a summary of the current exchange rate in the Nigeria black market for today
Views: 4955 Newsbeat pool banker
Can 1 Naira ever become 1 US dollar again on the Forex market? | Legit TV
 
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One of the reasons Nigerians are lamenting about the state of the nation is that the forex is very expensive these days. Our correspondent therefore took to the streets of Lagos to ask Nigerians if they think 1 Naira can ever equal 1 Dollar again. What's your take? Subscribe to Legit TV for more political and celebrity news! https://goo.gl/WtN4Yv Current affairs - Nigeria News | Legit TV - https://bit.ly/2qZIi3V The latest Africa and Nigeria News on Legit TV! Daily current affairs and crime news. Issues of public concern and statements of opinion leaders. Political news, comments, and scandals. The views of experts and street interviews of ordinary citizens of Nigeria. Breaking news and updates. What's troubling people in Africa? And what news stories are the most discussed in Nigeria today? Save this playlist to be the first who gets the answers! Naija lifestyle | Legit TV - https://bit.ly/2qZNBzu This playlist contains videos under the heading “Naija LifeStyle”. Here you can find the latest Nigeria entertainment news. Do you like watching people answering tricky questions in the street interviews? Are you interested in gossip news? Do you want to know more about public and personal lives of Nigerian music artists, actors, and other famous people? Are you a music fan who wants to be the first to watch the newest music videos of Nigerian pop-stars and rock-bands? If at least one of your answers is “yes”, save this playlist and have fun! Special projects | Legit TV - https://bit.ly/2HwHUAj This playlist contains videos under the heading “Special projects” on Naij.com TV. Hilarious comedy videos about life in Nigeria. Nigerian opinions on politics. Overviews of big political conflicts and social problems that concern the society. Success stories of self-made men and women. Exclusive interviews with public figures and your favorite stars. And amazing life stories of unusual and talented Nigerians which can inspire you. Save this playlist to get interesting content every day! Nigeria Top List | Legit TV - https://bit.ly/2JwAP3s In this playlist, we've collected videos that can broaden your horizons. The team of Legit TV regularly chooses top 5 interesting facts on different topics related to Africa. What were the biggest Africa’s scandals of the year? Who are the best football players in Nigeria? What interesting facts should you know about the Igbo people? Do you have the answers to these questions? Watch our top lists to stay on top of Nigeria entertainment news and learn more about Africa and Africans! Star Chat | Legit TV - https://bit.ly/2JtOqbL Are you looking for the latest news about famous Nigerians? Do you want to become closer to your favorite Nigerian celebrities? Do you want to watch only the best interviews with your favorite stars? Whatever your idols are doing, you will find it in this playlist. Also, you can be the first to know hot gossips, always stay on top of the biggest celebrity scandals and details of their personal lives. Save this playlist and get access to all Nigerian showbiz and entertainment news you are interested in. Sports news | Legit TV - https://bit.ly/2FjHqvh Do you want to enjoy updates on international sports events and the most important sports news of Nigeria? Watching this playlist, you can get the best sports coverage. The Naij.com TV team is bringing you the latest Nigerian and international sports news, gossips, and interviews. Watch football highlights and reviews of premier league football matches. Be the first to know boxing news and fights results. And, of course, enjoy vox-pop interviews of other passionate sports fans. ___ Do you want to know more about Nigeria breaking news? Connect with Legit TV! Visit Legit TV Site: https://www.legit.ng/ Follow Legit TVon Twitter: https://twitter.com/naijcom Follow Legit TV on Facebook: https://www.facebook.com/naijcom/ Follow Legit TV on Instagram: https://www.instagram.com/naijcomnews/ Follow Social project Street Gist: https://goo.gl/Nn3QEd #LegitTV #naijcomtv #Legit #nigerianews
Views: 37800 Legit TV
euro exchange rate today
 
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Views: 89805 Entrepreneurship pdf
Naira maintains N363 strength against Dollar
 
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All videos about Nina: http://bit.ly/BBNaija-2018-Nina All videos about Cee-c: http://bit.ly/BBNaija-2018-Cee-C All videos about BBNaija 2018: http://bit.ly/bb-naija-2018 Naira maintains N363 strength against Dollar . https://www.youtube.com/channel/UCF1YnCLp3tT4EEIuUJ9WOBg?sub_confirmation=1 - If you feel great, please support the author by subscribing to our channel to rack the next video. You Should Watch It -The Naira maintains rate against Dollar at parallel market - The local currency, however, slipped against Pound - The Naira closed the day at N363 to a Dollar, N445 to Euro while the Pound traded at N507 The Nigerian Naira on Thursday, April 26, maintains it's rate against the American Dollar which it traded at as at yesterday evening, April 25.According to NAIJ.com findings, the local currency maintained the rate N363 per US dollar at the parallel market but weakened against Pound.Meanwhile the Naira on Wednesday weakened against the dollar at the investors’ window, the News Agency of Nigeria (NAN), reports.The Nigerian currency lost 51kobo to exchange at N360.51, weaker than N360 traded on Tuesday, while the naira closed at N305.56 at the CBN window.At the Bureau De Change (BDC) window, the naira closed at N362 to the dollar, while the Pound Sterling and the Euro traded at N505 and N445, respectively.Trading at the parallel market saw the naira exchange at N363 to the dollar, while the Pound Sterling and the Euro traded at N505 and N445, respectively.The CBN has injected 210 million dollars to boost liquidity at the foreign exchange market.Can N1 ever become $1 again at Forex Market? on NAIJ. #Naira, #maintainsN363, #strength, #againstDollar . Top things you need to know: https://goo.gl/LJjmmT . Latest news about Dumi Masilela: https://goo.gl/hk47HE . Latest news about Zodwa Wabantu: https://goo.gl/Xaujk5 You Should Watch It Subscribe Channel(Official) : http://goo.gl/UQo7mQ Twitter Official: https://twitter.com/dailynewstht Plus Official: https://goo.gl/m9kou6 Webiste: https://goo.gl/NVWbtx Subscribe Channel(Official) : http://goo.gl/UQo7mQ . dailynewsSA, #breakingnews,
Views: 10 SS NEWS
Naira maintains N361 rate against Dollar
 
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- The Naira maintains its rate against Dollar at parallel market- The local currency also slipped against Euro - The Naira closed at N361 to a Dollar, N418 to Euro while the Pound traded at N480The Nigerian Naira on Friday, July 6, retained its rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N361 against Dollar, N480 against Pound, but slipped to N418 against Euro.Meanwhile on Thursday, July 5, at the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro closed at N481 and N416.5, respectively.PAY ATTENTION: Read the news on Nigeria’s #1 new appNaira stays at N361 to a Dollar at parallel marketTrading at the investors’ window saw the naira close at N362.25, while it closed at N305.70 at the CBN official window.Currency traders attributed the marginal loss to low activities at the market and the boost in liquidity at the foreign exchange market by the CBN. NAIJ.com previously reported that the Nigerian Naira on Thursday, July 5, slipped against the American Dollar at the parallel market. READ ALSO: My trial was politically motivated - Saraki reacts to Supreme Court verdict freeing him of corruption charges The local currency dropped one point to close the day at N361/$1 from the previous rate of N360/$1, but maintained same rate of N417 against Euro. However, the currency slipped to N480 against Pound Sterling.Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV. Subscribe to watch new videos Source: Naija.ng Show Comments Think it is important? Share with your friends!
Views: 18 ALY NEWS
Nigerien Currency - Naira
 
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"Want to know the currency in Nigeria? Visit http://currencyname.com/nigeria to learn more about Nigerien currency and the latest exchange rates. What currency to use in Nigeria? The Nigerien currency is the Naira. What is the symbol for Nigerien Naira? The Nigerien Naira symbol is ₦. What is the Nigerien currency ISO code? The ISO code for Nigerien currency is NGN. What are the frequently used notes in Nigeria? The Nigerien currency notes consist of 5, 10, 20, 50, 100, 200, 500, 1000 Naira. What are the frequently used coins in Nigeria? The Nigerien currency coins consist of 50 Kobo & 1, 2 Naira."
Views: 187 Currency Name
Exchange Rate Of The Naira
 
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Despite the Central Bank Of Nigeria stopping the sale of foreign exchange to Bureau De Change operators in the country, the Naira has continued to depreciate. Watch all the latest stories making headlines on Silverbird Television at the comfort of your mobile device, tablet or PC. Click www.silverbirdtv.com/live to watch live Silverbird Television is the leading entertainment Television station in Nigeria, providing its audience with up to date News, sports, entertainment programmes. SilverbirdTV through it's Dream Network (Lagos, Awka, Jos, Abuja, Port Harcourt and their environs) provides its audience with it's popular TV breakfast show "Today on STV", current affairs, Top notch TV shows, Nigerian/Nollywood Movies, Nigerian News, African News, World News etc. Silverbird Television is part of the Silverbird Group, a diversified multi-media company with holdings in Radio, Television, Real Estate, and Cinemas owned by Mr. Ben Murray-Bruce. Silverbird's Most Beautiful Girl in Nigeria (MBGN) brand produced the first and only black African Miss World in 2001, Agbani Dorego. STV's entertainment programmes features Nigerian artistes such as Don Jazzy, Tiwa Savage, Davido, Wizkid, Banky W, Flavour, P Square, Yemi Alade, Olamide amongst others. STV can be watched live at www.silverbirdtv.com
Views: 1025 Silverbird Television
Naira maintains N370 rate against Dollar at parallel market
 
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- The local currency stays unchanged against Dollar, Pound
Views: 81 Gina Kennedy
Naira maintains rate against Euro at parallel market
 
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Naira maintains rate against Euro at parallel market - The Naira has gained strength against the American Dollar at the investors’ window- The Nigerian currency trades at N362, N510 and N445 against the Dollar, Pound Sterling and Euro respectively at parallel market - Traders at the market expressed confidence in the ability of the CBN to maintain the stability of the Naira at the foreign exchange market. The Naira on Tuesday, April 24, appreciated to N360 to the dollar at the investors’ window, after depreciating for five consecutive days, the Ne... --------------------- DONT FORGET SUBSCRIBE FOR ME : https://goo.gl/7eYD9Z
Views: 9 NI News
Currency Devaluation: Naira hits N186 in black market
 
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With the devaluation of Nigeria's currency by the Federal Government, the exchange rate for the dollar at the black market, yesterday stood at between N182 and N186. Subscribe to our YouTube channel www.youtube.com/silverbirdtelevision Silverbird Television is the leading entertainment Television station in Nigeria, providing its audience with up to date News, sports, entertainment programmes. SilverbirdTV through it's Dream Network (Lagos, Awka, Jos, Abuja, Port Harcourt and their environs) provides its audience with it's popular TV breakfast show "Today on STV", current affairs, Top notch TV shows, Nigerian/Nollywood Movies, Nigerian News, African News, World News etc. Silverbird Television is part of the Silverbird Group, a diversified multi-media company with holdings in Radio, Television, Real Estate, and Cinemas owned by Mr. Ben Murray-Bruce. Silverbird's Most Beautiful Girl in Nigeria (MBGN) brand produced the first and only black African Miss World in 2001, Agbani Dorego. STV's entertainment programmes features Nigerian artistes such as Don Jazzy, Tiwa Savage, Davido, Wizkid, Banky W, Flavour, P Square, Yemi Alade, Olamide amongst others. STV can be watched live at www.silverbirdtv.com
Where to Find Best Black Market Money Exchange Rate
 
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Views: 1339 HoboTraveler
Security agents raid black market dealers to halt naira's slide
 
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Nigerian security agents have raided the offices of black market currency dealers, detaining some and ordering others to sell dollars at a lower rate in a bid to break the fall of the currency. The central bank has been unable to stop the naira's slide on the black market, where importers buy dollars due to the hard currency shortage. Nigeria has been hammered by a slump in prices for oil, a key source of revenue, in the form of dollars. The bank has kept the official naira-to-dollar rate artificially high, effectively driving hard currency dealing away from commercial lenders and towards the black market.
Views: 179 CGTN Africa
Naira maintains N366 rate against Dollar at parallel market
 
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- The local currency maintains the same rate against Dollar at parallel market - The local currency, however, appreciated against Pound and Euro - The Naira closed at N366 to a Dollar, N428 to Euro while the Pound traded at N498
Views: 51 Gina Kennedy
Nigeria Multiple Exchange Rates: Government struggles to harmonize forex rates
 
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Nigeria's Central Bank is facing the difficult task of harmonising the multiple foreign exchange rates in the country, some of which it ironically created. There are at least six exchange rates for various market segments in the country and the apex bank has been opening more windows in an attempt to bridge the gap between the official rate and that of the black market. CGTN's Deji Badmus explains the situation. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 206 CGTN Africa
Nigeria's currency falls to N350 per dollar in parallel market
 
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Earlier this week, Nigeria's Central Bank said it would set up a more "flexible" exchange rate policy, but so far the details of how it will be implemented, are not clear. On Thursday, the Central Bank told currency traders to submit bids for dollars at the current, fixed rate of 197 Naira to the Dollar.
Views: 1210 CGTN Africa
Naira continues decline against dollar
 
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Nigeria’s currency Friday depreciated further against some major international currencies at the official, parallel and black markets. The Naira, slumped to a record low and stocks retreated the most in the world, few days before the Central Bank of Nigeria’s Monetary Policy Committee meets to review interest rates.
Views: 131 TV360NIGERIA
Naira To Dollar
 
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Views: 709 Dollar Naira
Naira retains strength against Dollar, Pound and Euro
 
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- Naira maintains rate against Dollar, Pound and Euro at parallel market - The local currency closed at N362 to a Dollar, while the Pound and the Euro traded at N505 and N442, respectively The Nigerian Naira on Wednesday, May 2, maintained its appreciated rate at the parallel market against Dollar, Pound and Euro. According to NAIJ.com findings, the local currency maintained the same rates of N362 against Dollar, N505 per Pound rate and N442 per Euro as it closed on Tuesday, May 1. The Central Bank of Nigeria (CBN) continues to intervene in the interbank foreign exchange market, in line with its determination to sustain liquidity in the market and maintain stability. PAY ATTENTION: Read the news on Nigeria’s #1 new app At the Bureau De Change (BDC) window, the Naira exchanged at N362 to the dollar, while the Pound Sterling and the Euro closed N504 and N436, respectively. Trading at the investors’ window saw the Naira close at N360.67, while it closed at the CBN window N305.7. NAIJ.com previously reported that Naira on Monday, April 30, appreciated at the parallel market against Dollar, Pound and Euro. The currency strengthened to N362 per US dollar as against the N363 rate it was on Friday, April 27. Can N1 ever become $1 again at Forex Market? Watch Nigerians respond to this question on NAIJ.com TV.
Views: 39 ALY NEWS
After Nigeria China swap deal, Naira maintains N362 rate against Dollar
 
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- The local currency maintains the same rate against Dollar at parallel market - The local currency, however, appreciated against Pound and slipped against Euro - The Naira closed at N362 to a Dollar, N425 to Euro while the Pound traded at N488 The Nigerian Naira on Tuesday, June 19, retained its rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N362 against Dollar, N425 to Euro and N488 to Pound as it was on Monday, June 18.Last week currency traders said that the naira was set to appreciate significantly at the parallel market as the Nigeria China swap deal takes effect. PAY ATTENTION: Read the news on Nigeria’s #1 new app Naira maintains rate against DollarNAN reports that the Nigerian government entered into a 2.4 billion dollars currency swap deal with the People’s Republic of China. The CBN noted that the deal would finance trade and direct investment between China and Nigeria, and maintain financial market stability, among other benefits. Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV. Subscribe to watch new videosSource: Naija.ng Show Comments Think it is important? Share with your friends!
Views: 15 ALY NEWS
Nigerians expect official rate to follow as Naira weakens against dollar
 
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Nigerian currency, Naira, has lost a third of its value on unofficial "parallel markets" since last month. Even though the Naira is plunging on the street, as a result of the collapse of global prices for oil exports, the official exchange rate is yet to budge. "With the exchange rates, with the economy so far now, it's not really helping us because the exchange has really gone high and with the goods we have now people are not really responding," said Chioma Oluwaseun, a wholesaler. Commer… READ MORE : http://www.africanews.com/2016/01/25/nigerians-expect-official-rate-to-follow-as-naira-weakens-against-dollar Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 194 africanews
Naira retains strength against Dollar, Pound, slips against Euro
 
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All videos about Nina: http://bit.ly/BBNaija-2018-Nina All videos about Cee-c: http://bit.ly/BBNaija-2018-Cee-C All videos about BBNaija 2018: http://bit.ly/bb-naija-2018 Naira retains strength against Dollar, Pound, slips against Euro - The Naira maintains rate against Dollar at parallel market - The local currency, however, slipped against Euro- The Naira closed at N363 to a Dollar, N445 to Euro while the Pound traded at N510The Nigerian Naira on Monday, April 16, retained its strengthened rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N363 against Dollar, as it was last week, but slipped against Euro. Last week the Central Bank of Nigeria (CBN) was...
Views: 7 SS NEWS
Naira is the biggest loser against the U.S. Dollar
 
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Expectedly, Nigeria's Naira heads the list of currencies that have fallen the most against the Dollar so far this year. The Naira's plummet is mainly due to a long-overdue floating of the currency on the 20th of June. Mozambique's Metical is next, having lost over a quarter of its value to the dollar, followed by Sierra Leone's leone. Angola's Kwanza, which has been devalued, is next, followed by Guinea's Franc. Egypt's Pound, which is expected to be devalued further, is down 11.86% against the dollar, in the year to date.
Views: 4901 CGTN Africa
TRAGIC: Naira Hits A New Low
 
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The naira has hit a new low against the dollar in the black market. A Nigerian currency trader says: "It sold for N241 to a dollar on Monday, as importers banned from accessing hard currency at the official interbank market by the central bank three weeks ago scramble for hard currency in the unofficial market". Another reason for the sharp decline in Naira is due to the low oil prices and government finances. Nigerian stocks also fell to a more than three-month low and the Naira hit another record low on the parallel market on Monday, as central bank restrictions fed unofficial trade in dollars, traders said. The local bourse, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, dropped for the ninth consecutive day as investors shed banking, consumer and oil shares. Sub-Saharan Africa’s second biggest stock index closed down 0.32 percent on Monday, 11.5 percent lower than its 2015 peak, hit on April 2 having soared 12.2 percent in the two sessions after Muhammadu Buhari won a closely-fought presidential election. The index of Nigeria’s top 10 consumer goods stocks declined 1.15 percent on Monday, weighing on the all-share index. The top decliners were Flour Mills , Honeywell Flour Mills and Union Bank , all down more than 4.9 percent each. The central bank has said it would not be focusing on the thinly-traded parallel market when determining the exchange rate, adding that people preferred to use the unofficial market for undocumented transactions.
Nigerian government scraps fixed exchange rate in favor of floating rate
 
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Nigeria's Naira slumped 23 percent against the dollar on Monday after the central bank removed its currency peg to pursue a more liberal currency policy. The move was meant to put an end to chronic foreign currency shortages that have choked growth in Africa's biggest economy.
Views: 1234 CGTN Africa
Residents And Traders Express Concern Over Increase In Exchange Rate Of Dollar To Naira
 
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Against the backdrop of the increase in the exchange rate of the dollar to naira, some residents and traders in Benin City have expressed concern over the multiplier effect on some food items.
Us dollar exchange rate today|13 August 2018|news tech tv
 
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us dollar exchange rate today,
Views: 210 News Tech Tv
Naira remains stable at N360 to Dollar at parallel market
 
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- The Naira has gained strength against the major foreign currency at the parallel market- The Nigerian currency trades at N360, N480 and N421 against the Dollar, Pound Sterling and Euro respectively - Currency traders expressed optimism that the naira would remain stable in the weeks aheadThe Naira on Friday, June 29, remained stable at the parallel market in Lagos, exchanging at N360 to the dollar, the News Agency of Nigeria(NAN) reports.The Nigerian currency had traded at same rate for the past two days, while the Pound Sterling and the Euro closed at N480 and N421 respectively.At the Bureau De Change (BDC) window, the Naira also closed at N360 to the dollar, while the Pound Sterling and the Euro traded at N480 and N421, respectively.Trading at the investors’ window saw the naira close at N361.32, while it exchanged at N305.75 to the dollar at the Central Bank of Nigeria (CBN) official window.PAY ATTENTION: Read the news on Nigeria’s #1 news app Naira remain stable at N360 to DollarTraders expressed optimism that the naira would remain stable in the weeks ahead as the CBN continues its interventions at the foreign exchange market.NAIJ.com previously reported that the Nigerian Naira on Thursday, June 28, appreciated at the parallel exchange market sector after its steady appreciation was halted. According to NAIJ.com findings, it was gathered that the local currency gained one point against the greenback to close the day at N361/$1. Also, the local currency maintained the N483 per Pound rate and N420 per Euro. Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV. Subscribe to watch new videos Source: Naija.ng Show Comments Think it is important? Share with your friends!
Views: 21 ALY NEWS
Emergence of the Nigerian Currency (Naira) in 100words
 
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The naira was introduced on 1 January 1973, replacing the pound at a rate of 2 naira = 1 pound. This made Nigeria the last country to abandon the £sd currency system. There was a plan to redenominate the naira at 1 new naira = 100 old naira in 2008, but the plan has been suspended. The currency sign is ₦ naira sign. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation. It controls the volume of money supply in the economy in order to ensure monetary and price stability.
Views: 10677 Hanging-Out-With Libby
Nigerian currency trading at 440 to the U.S. dollar
 
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The Nigerian Naira traded much lower on Monday in the unofficial black market at 440 to the green back. This comes as dollar shortages persist in the economy. Despite removing the peg and floating its currency in July, forex shortages continue to be a serious challenge. Deji Badmus looks at what is driving the rapid depreciation of the naira
Views: 1160 CGTN Africa
Aboki Forex App Updated
 
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Aboki Forex, Naira Exchange Rate App, converts 168 world currencies including Bitcoin. See the new version... https://play.google.com/store/apps/details?id=com.greatcallie.abokiforex iOS: https://appsto.re/ng/muUmeb.i
Views: 2133 Calistus Ibeme
Nigeria's currency drops to 400 per dollar in the black market
 
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Nigeria's naira nosedived to 400 to the dollar on the black market on the 5th of August. That's the lowest level seen in any currency market since the Central Bank floated the Naira, in late June. On the official interbank market, the naira ended trading at 316 to the dollar, with trades worth 12.63 million dollars concluded. The naira has fallen steadily on the black market this week after opening at 381 on Monday. Traders say dollar demand has been high from individuals travelling abroad for their summer holidays. Dollar liquidity remains thin despite the Central Bank hiking interest rates last week and mopping up the naira to shore up debt yields.
Views: 811 CGTN Africa
Nigeria government cracks down on black market currency dealers
 
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Nigeria is clamping-down on black market money dealers in its attempts to support the local currency, the naira. The government blames volatility of the unit on currency dealers in the informal black market. CCTV's Kelechi Emekalam has more on that story.
Views: 191 CGTN Africa
Naira appreciates against Pound, stays unchanged against Dollar
 
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- The local currency maintains the same rate against Dollar at parallel market - The local currency, however, appreciated against Pound and slipped against Euro- The Naira closed at N362 to a Dollar, N425 to Euro while the Pound traded at N488The Nigerian Naira on Wednesday, June 13, retained its depreciated rate at the parallel market against Dollar.According to NAIJ.com findings, the local currency maintained the same rates of N362 against Dollar as it was Tuesday, June 13, but appreciated against the Pound to 8 and slipped to N425 to Euro.Meanwhile the Central Bank of Nigeria (CBN) on Tuesday, June 12, injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.PAY ATTENTION: Read the news on Nigeria’s #1 new app The acting director, corporate communications, CBN, Isaac Okorafor in a statement in Abuja said the bank offered 100 million dollars to authorised dealers in the wholesale segment of the market.Naira maintains rate against DollarHe said that the Small and Medium Enterprises (SMEs) segment got 55 million dollars, while another 55 million dollars was allocated for tuition fees, medical payments and Basic Travel Allowance (BTA), among others.Okorafor reiterated the bank’s commitment to continue to intervene in the interbank foreign exchange market, in line with its pledge to sustain liquidity in the market and maintain stability.He said that the CBN would sustain its strategic management of the foreign exchange market with a view to reducing the country’s import bills and halt depletion of its foreign reserves.Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV. Subscribe to watch new videos Source: Naija.ng Show Comments Think it is important? Share with your friends!
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Naira maintains rate against Dollar, Euro, slips against Pound
 
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- The local currency maintains the same rate against Dollar and Euro at parallel market - - The local currency, however, slipped against Pound - The Naira closed at N366 to a Dollar, N430 to Euro while the Pound traded at N500 The Nigerian Naira on Friday, May 25, retained its depreciated rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N366 against Dollar and N4308 against Euro as it was yesterday, May 24 NAIJ.com earlier reported that the Central Bank of Nigeria (CBN) made available 210 million dollars to meet customers’ requests in various segments of the foreign exchange market, Isaac Okorafor, the acting Director, Corporate Communications (CBN) said in a statement. Okorafor stated in the statement on Wednesday, May 23, in Abuja that CBN offered 100 million dollars to authourised dealers in the wholesale segment of the market. He noted that the Small and Medium Enterprises (SMEs) segment got an allocation of 55 million dollars. He added that customers needing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated 55 million dollars. He stated that “CBN has reliably gathered that some banks are turning back customers that come to purchase BTA/PTA and Foriegn Exchange for pilgrimage. “We hereby appeal to bank customers to go straight to their banks to buy forex as the CBN has supplied enough dollars to banks to meet needs in the invisible segment. “Customers are hereby enjoined to report any bank that refuses to attend to their legitimate demands within 24 hours. Please call 07002255226,” he said. Okorafor stated that the commitment to continue to intervene in the interbank foreign exchange market was in line with pledge to sustain liquidity in the market and maintain stability. He said the CBN would sustain its strategic management of the foreign exchange market with a view to reducing the country’s import bills and halt depletion of its foreign reserves. Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV.
Views: 12 ALY NEWS
Risk of Nigeria devaluing Naira rising - Reuters poll
 
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Nigeria's authorities may soon devalue the naira to narrow the gap between the official and black market rates to boost confidence in the economy, a Reuters poll shows. A shortage of dollars in Nigeria has led the black market to charge a higher premium in compensation for that scarcity in the official market. The poll suggests there is a 45 percent chance that the central bank will devalue the naira in coming weeks amid speculation that the government is stepping closer to liberalising it. L… READ MORE : http://www.africanews.com/2017/02/26/poll-shows-risk-of-nigeria-devaluing-naira-rising Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 361 africanews
Nigeria's Central Bank asked to unify the multiple exchange rates
 
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Exchange bureaus in Nigeria have asked the central bank to step up efforts to unify the country's multiple exchange rates to sustain gains in the local currency. Africa's biggest economy has at least six exchange rates. These include one for Muslim pilgrims going to Saudi Arabia, a retail rate set by licensed exchange bureaus, and a rate for foreign travel and school fees, in addition to the official and black market rates. Nigeria is battling a currency crisis brought on by low oil prices which tipped its economy into recession and created chronic dollar shortages. It wants to attract foreign investors and strengthen its currency to ward off inflation. The central bank has been intervening on the official market in the last few weeks to try to narrow the spread between rates on the official market and black market. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 626 CGTN Africa
JUST FIVE HUNDRED NAIRA
 
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Just Five Hundred Naira is all about jobless youth and a little girl watch what transpired between them.
Nigeria mulls banning black market trade to protect naira
 
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Nigeria plans banning black market trading to protect its currency, the naira from further depreciation. The Nigerian unit touched a 492 per dollar low last week, as the difference between the official rate and black market rate continues to widen. The naira trades at an average of 315 on the official market. CCTV's Kelechi Emekalam with the story
Views: 743 CGTN Africa
Naira appreciates against Pound stays unchanged against Dollar, Euro
 
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- The local currency maintains the same rate against Dollar and Euro at parallel market - The local currency, however, appreciated against Pound - The Naira closed at N362 to a Dollar, N420 to Euro while the Pound traded at N484The Nigerian Naira on Monday, June 25, retained its rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N362 against Dollar, N420 to Euro and appreciated against Pound to N484. The naira has remained stable across the foreign exchange market due to the intervention of the CBN. Naira maintains rate against DollarThe Naira on Friday, June 22, recorded a marginal gain against the dollar at the Parallel market in Lagos, exchanging at N359.5 to the dollar, the News Agency of Nigeria (NAN) reports.The Nigerian currency had traded flat against the dollar for 48 hours at N360 to the dollar across major market segments.The Pound Sterling and the Euro closed at N485 and N424, respectively.At the Bureau De Change (BDC) window, the naira closed at N360 to the dollar, while the Pound Sterling and the Euro exchanged at N483 and N424, respectively.Trading at the investors’ window saw the naira close at N361 to the dollar, with a trading turnover of N312.05 million. The naira closed at N305.8 to the dollar at the CBN window.Can N1 ever become $1 again at Forex Market? on NAIJ.com TV.Subscribe to watch new videos Source: Naija.ng Show Comments Think it is important? Share with your friends!
Views: 25 ALY NEWS

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