black market

  1. CBN's Efforts Ineffective as Naira Falls to N1960 against Euro

    Nigeria CBN's Efforts Ineffective as Naira Falls to N1960 against Euro

    The Nigerian Naira has reached an unprecedented low, hitting N1960 per Euro in the black market, marking a significant decline of 5.36% from the previous day. This historic depreciation comes amidst persistent demand pressures and soaring inflation, which rose to 29.90%, as reported by the...
  2. Nigerian Exchange Rate Opens at N1,210/$1 Amidst Supply Constraints

    Nigeria Nigerian Exchange Rate Opens at N1,210/$1 Amidst Supply Constraints

    The exchange rate between the Nigerian naira and the United States dollar opened the trading week with a lot of chatter in the financial circles. As Nairametrics reported, the rate began at N1,200/$1 on peer-to-peer (P2P) platforms, setting the tone for an eventful week. However, as noon...
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    Metro Fayose Buys Fuel From Black Marketers in Ekiti [PHOTOS]

    Photographs have emerged of Governor Ayodele Fayose of Ekiti State, buying fuel from black marketers in Ado Ekiti, the state capital over the weekend. Following a fued with Fayose, petroleum marketers had embarked on a three-week industrial action. Against this backdrop, the governor had met...
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    Business Naira: See Today's Exchange Rate At Parallel Market Across States

    This is today's exchange rate at Black Market across five states in Nigeria... Source: TheCable
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