The naira appreciated slightly on the parallel market on Thursday following last Wednesday’s sale of a total of $150 million through foreign exchange (forex) forwards by the Central Bank of Nigeria (CBN). Specifically, the naira strengthened to N444 to the dollar on Thursday, stronger than the … [Read more...]
Forex | Naira crashes against Dollar as President Muhammadu Buhari arrives
The Nigerian Naira on Friday, March 10, crashed against the American Dollar, Pound Sterling and Euro at the parallel market, hours after President Muhammadu Buhari’s return from London. According to reports, the local currency dropped one point against the dollar as it now at N463 per US dollar as … [Read more...]
Building material prices remain high despite crash in Foreign exchange
Building material prices have remained unchanged even with Naira appreciating in value at the foreign exchange market. Some said in interviews with the News Agency of Nigeria (NAN) in Abuja on Thursday said prices remained unchanged because they bought the goods when the exchange rate of the dollar … [Read more...]
