Nigeria News Today. Your online Nigerian Newspaper : Money Market

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"Naira was accepted in London, Mecca, Medina in 70s" "Naira was accepted in London, Mecca, Medina in 70s"

Former Deputy Governor of Central Bank Of Nigeria, Dr Obadiah Mailafia, has called on the Federal Government to take measures that will ...

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Dollar crashes to N380/$1 Dollar crashes to N380/$1

The dollar yesterday recorded its worst outing in more than three months against the naira, exchanging at N380/$1 in the parallel market....

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Nigeria’s inflation rate drops for third consecutive month Nigeria’s inflation rate drops for third consecutive month

The National Bureau of Statistics, NBS, on Tuesday said the Consumer Price Index which measures inflation dropped from 17.26 per cent in Ma...

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Naira stable at N385/$1 Naira stable at N385/$1

The Central Bank of Nigeria (CBN) yesterday injected $457.3 million into various segments of the foreign exchange market, even as the na...

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CBN’s $4 Billion intervention narrows official, black market gap CBN’s $4 Billion intervention narrows official, black market gap

The gap between the official and black market rates is shrinking—courtesy of the Central Bank of Nigeria (CBN), which has pumped over $4 ...

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Nigeria to auction N110 billion in treasury bill - CBN Nigeria to auction N110 billion in treasury bill - CBN

Nigeria plans to auction 110 billion naira ($350 million) of treasury bills on May 17, the central bank said on Friday.

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Toyota boss laments Nigeria’s lowest vehicle sales record in decades Toyota boss laments Nigeria’s lowest vehicle sales record in decades

The Managing Director of Toyota Nigeria Limited, Mr. Kunle Ade Ojo, has lamented the poor vehicle sales recorded in the country in the fi...

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Naira strengthens against the dollar Naira strengthens against the dollar

The Naira on Thursday gained N2 against the dollar at the parallel market as it was traded at N386 to the dollar, stronger than the N388...

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Naira stable at N388/$1 Naira stable at N388/$1

The naira was stable at N388 per dollar at the parallel market Wednesday.

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Naira appreciates against dollar Naira appreciates against dollar

The Naira on Monday appreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.

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Nigeria to export $100 Billion pigeon pea to India Nigeria to export $100 Billion pigeon pea to India

The National Agricultural Quarantine Service says Nigeria has secured an offer from the Indian government to export pigeon pea worth $10...

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Nigeria’s debt profile has risen by N5.4 trillion since 2015 Nigeria’s debt profile has risen by N5.4 trillion since 2015

Nigeria’s debt profile has risen by approximately N5.4 trillion since President Muhammadu Buhari took office in May, 2015. According to...

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CBN bans 17 banks from forex market CBN bans 17 banks from forex market

In response to persistent complaints that some Deposit Money Banks have deliberately frustrated efforts by many Small and Medium Enterprise...

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Naira down to N391.9/$1 Naira down to N391.9/$1

The Naira yesterday depreciated to N391 per dollar in the parallel market due to increased demand.

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CBN opens yet another forex window for software developers, exporters CBN opens yet another forex window for software developers, exporters

Two weeks after opening a special foreign exchange window for small and medium enterprises (SMEs), the Central Bank of Nigeria has  opened...

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Cashless Policy: CBN suspends charges on large withdrawals Cashless Policy: CBN suspends charges on large withdrawals

The Central Bank of Nigeria (CBN) has suspended indefinitely the withdrawal and deposit processing fees introduced recently under its ca...

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CBN rejects calls to float the naira CBN rejects calls to float the naira

The Central Bank of Nigeria (CBN) on Friday said it has declined calls from financial institutions in Washington urging it to float the na...

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CBN suspends cashless policy CBN suspends cashless policy

The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy.

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Naira rises to N380/$1 Naira rises to N380/$1

The naira Thursday appreciated by $5 to N380 per dollar in the parallel market due to improved dollar supply and decline in demand for d...

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CBN injects $280m into FX market, increases sale to BDCs CBN injects $280m into FX market, increases sale to BDCs

As part of its efforts to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has injected $280 million in...

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