Naira Nears Equal Exchange Rate at Banks and Black Market as Oil Output Surges

Naira harmonisation achieved – Presidency

The presidency says Nigeria’s naira harmonisation across foreign exchange markets has been achieved under President Bola Ahmed Tinubu’s administration.   Bayo Onanuga disclosed this in a terse statement reacting to the naira’s stability at the foreign market on Friday.   According to him, the renewed Hope Agenda is not a slogan but real.   “Harmonisation of exchange rate achieved. Renewed Hope Agenda is not just a slogan. It is real,” he wrote o…

Naira Records Marginal 10 Kobo Loss at Official Market

By Adedapo Adesanya A marginal loss of 10 Kobo or 0.01 per cent was suffered by the Naira against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, July 18. According to data obtained from the Central Bank of Nigeria (CBN), the exchange rate closed at N1,533.32/$1 compared with the […]

Naira Closes Week at N1,525/$1 in Parallel Market - Tech

The naira held steady in the black market on Friday, closing the week at N1,525/$1, the same rate as the previous day. While the naira maintained its position against the dollar in the parallel market, it weakened against other foreign currencies. Against the euro, it fell to N1,775/€1 from N1,770/€1, with the sell rate rising to N1,800/€1 from N1,795/€1. Similarly, the naira slipped against the British pound to N2,115/£1 from N2,110/£1, while t…

Naira harmonisation achieved – Presidency - Flying Eze

The presidency says Nigeria’s naira harmonisation across foreign exchange markets has been achieved under President Bola Ahmed Tinubu’s administration.Bayo... #business, #naira, #bayoonanuga, #flyingeze

Naira records appreciation across official black markets, presidency reacts

The naira bounced back to appreciate against the dollar across official and parallel foreign exchange markets to end the week on a good note after days of…

As MPC meets, all eyes on committee to sustain price, exchange rate stability

By Mustafa Biodun The Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) will, between Monday July 21 and Tuesday July 22, hold its 301st meeting in Abuja. The meeting presents opportunity for the economy managers to take crucial decisions on moderating interest rate, keeping inflation rate on decline and sustaining exchange rate stability. Stakeholders []The post As MPC meets, all eyes on committee to sustain price, exchange rate…