naira/dollar

Central Bank of Nigeria (CBN), Godwin Emefiele The Central Bank of Nigeria (CBN) has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks. CBN's Director of Corporate Communications,…

The decline in foreign exchange reserves which dipped to $39.2 billion is threatening the naira, The Nation reports. For two years the naira exchange rate against the dollar and other currencies has been stable. A member of the Central…

Photo courtesy of Guardian NGR and powered by Zenith bank.

Photo courtesy of Guardian NGR and powered by Zenith bank.

Photo courtesy of Guardian NGR and powered by Zenith bank.

Photo courtesy of Guardian NGR and powered by Zenith bank.

Photo courtesy of Guardian NGR and powered by Zenith bank.

Photo courtesy of Guardian NGR and powered by Zenith bank.

Photo courtesy of Guardian NGR and powered by Zenith bank.

The Naira seems to have stabilised a bit in the last few days. Photo courtesy of Guardian NGR.

Just this morning, MDB reported that the dollar was selling for $1=310, however reports coming in show that naira has gained even more power and is now selling as low as N220=$1 in some areas around the country. In Surulere,(Shitta…