Naira on Thursday edged towards N500 per US dollar at the parallel market with a sharp depreciation against two major currencies as Nigerians visit markets to stock home for the festive season.
The currency plunged to 495 naira to a dollar from N492 it closed on Wednesday at the black market...
Nigerian naira on Wednesday crashed further at the parallel market as President Muhammadu Buhari, the Central bank of Nigeria plan to eliminate the gap in the exchange rate against the dollar between the official and black markets, Nigerian Bulletin gathered.
The currency plunged to 492 naira...
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The Naira on Friday fell against two major currencies at the parallel market as dollar scarcity worsened ahead of the festive season.
The Nigerian currency exchanged at N487 to a dollar, from N485 it had maintained for close to two weeks.
It also fell to N510 to the dollar while appreciated to...
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The Nigerian naira on Thursday remained steady at both inter-bank and parallel markets against the United States dollar.
The currency closed flat at N305 per dollar at the inter-bank rate same as the official peg rate in the 2017 budget of growth and recovery submitted by President Muhammadu...
Nigerian Naira on Tuesday extended loss at parallel market to trade at N485 to the dollar within two weeks as Central Bank of Nigeria endorsed DSS' clampdown of illegal forex traders.
The currency also fell to N600 per pound and N510 to the Euro as speculation, hoarding and increasing zero...
Nigerian Naira on Monday remained firm at the parallel market as speculation, hoarding and increasing zero confidence of foreign investors raised spike in the foreign exchange rate.
The currency remained firm at N484 per dollar since its last trading on Friday at the parallel market with a N5...
Nigerian Naira on Friday depreciated further against three major currencies - Dollar, Euro and Pound at the parallel market as speculation, hoarding and increasing zero confidence of foreign investors among spike in the foreign exchange rate.
The currency weakened to N484 per dollar from N482...
The value of the naira at the parallel market is dipping towards N500 per dollar even as the Central Bank of Nigeria (CBN) warns of an influx of fake Hong Kong dollars (HK$) in the country’s foreign exchange market.
The naira had on Tuesday depreciated in value from N473 to the dollar to N480...
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The President, Association of Bureau De Change Operators of Nigeria , Alhaji Aminu Gwadabe, has identified speculation, hoarding and increasing zero confidence of foreign investors among others as the reason for the continued spike in the exchange rate.
The ABCON chief also said that the...
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