Naira increase - Voices Media

Naira rises to N1,493/$ in official market

Kenneth Ifeanyichuckwu1 year ago01 mins

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,493 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the Nigerian Foreign Exchange Market (NFEM) fell to N1,493 per dollar from N1,506 per dollar on Wednesday, indicating N13 appreciation for the naira….

Why Naira is in massive recovery race across all markets, by bankers

Kenneth Ifeanyichuckwu1 year ago08 mins

There are indications that the newly introduced foreign exchange market system by the Central Bank of Nigeria, CBN, is the driving force behind the recent massive appreciation of Nigeria’s local currency, the Naira, against the world’s major currencies. Bankers who spoke to Vanguard attributed the appreciation of the Naira to the Electronic Foreign Exchange Matching…

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