30/09/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM480/493590/595510/515
Mid465/470575/592500/505
PM--/----/----/--
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 30/09/2016.

29/09/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM462/468578/580492/495
Mid480/493590/595510/515
PM--/----/----/--
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 29/09/2016.

28/09/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM450/455568/571490/493
Mid462/468578/580492/495
PM462/468578/580492/495
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 28/09/2016.

26/09/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM440/443558/560465/475
Mid442/445565/570485/490
PM442/445565/570485/490
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 26/09/2016.

23/09/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM434/437550/555480/485
Mid438/440565/570480/485
PM438/440565/570480/485
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 23/09/2016.

Naira tumbles to 428 after MPC decision

The naira tumbled against the United States dollar to 428 on Wednesday, down from 424 on Tuesday, as persistent dollar shortage continues to weigh on the economy.

The major decline in the local currency against the greenback came a day after the Central Bank of Nigeria’s Monetary Policy Committee retained the benchmark lending rate at 14 per cent.

The MPC had risen from its two-day bi-monthly meeting and left the Monetary Policy Rate unchanged, contrary to calls for its reduction …

Naira to begin recovery next week – ABCON

The Association of Bureau De Change Operators of Nigeria says it foresees the naira on the path of recovery by Monday due to the introduction of Travelex, a licensed Forex dealer.

The President of ABCON, Alhaji Aminu Gwadabe, said on Thursday in Lagos that a licensed Forex dealer would enhance transparency in the distribution network.

 

Travelex, an international money transfer organisation, was officially directed by the Central Bank of Nigeria to distribute Forex to Bureaux De Change operators by …

Naira sustains fall against major currencies

The Naira on Thursday crashed further against the major currencies in all the segments of the market, the News Agency of Nigeria (NAN), reports.

At the interbank market, the naira fell by 2.99 points to close at N313.07 from N310. 08 recorded on Wednesday.

 

At the Bureau De Change segment of the market, the naira traded at N424, N549 and N468 to the dollar, Pound Sterling and the Euro respectively.

At the parallel market, Naira lost eight points to …

22/09/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM422/429550/555470/475
Mid430/433.5552/557475/480
PM430/433.5552/557475/480
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 22/09/2016.