parallel market

The Naira, on Monday, depreciated to N1,250 per dollar in the parallel market, from N1,140 per dollar on Thursday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,234.49 per dollar. Data from…
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The Naira experienced a further appreciation at the official market, trading at N1,382.95 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the Naira strengthened by N25.09 or 1.78 per cent,…
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The Nigerian currency, naira, on Wednesday, depreciated to N1,500 at the parallel section of the market. The rate is a 3.45 percent decrease from the N1,450 per dollar recorded on Monday. Currency traders in Lagos, also known as…
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Nigeria's official currency, the naira continued its free fall on Tuesday on the official Investor and Exporter window of the foreign exchange market, closing at N1482.57 to a dollar.This is a 9.93 percent decline from its N1348.63/$…
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The naira on Monday appreciated to N1,350 per dollar in the parallel market from N1,370 per dollar last week. Similarly, the naira depreciated to N925.34 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed…
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The foreign exchange crisis in the country worsened on Thursday as a dollar exchanged for over N1,000 at the parallel market. Survey at popular black markets in Lagos indicated that a dollar exchanged for between N1,000 and N1,050 in…
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The naira has appreciated and sustained its momentum at the parallel market, appreciating N703 per dollar in Kano on Friday. The development is compared to the N810 to a dollar it traded on Wednesday. Bureaux De Change operators (BDCs)…
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The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange…
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The naira on Wednesday morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar. The naira had earlier depreciated by N30 against the dollar, as the parallel market exchange rate rose…
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Barely 24 hours the Central Bank of Nigeria (CBN) resumed dollar sales at the Bureau De Change (BDC) sector, the Naira has reversed the gain made against the dollar. The Naira traded at N441 to the dollar on Tuesday, losing N6 from N435…
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