parallel market exchange rate
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![Today's Naira Rate[01-11-2024]: Naira Declines to N1,735/$ in Parallel Market as Rate Gap Widens](/data/attachments/209/209769-b93ce5212c24c3bd08e3fa7610c004b1.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[01-11-2024]: Naira Declines to N1,735/$ in Parallel Market as Rate Gap Widens
The naira depreciated to N1,735 per dollar in the parallel market, while appreciating to N1,666.72 in the official NAFEM market. With trading volumes down and the exchange rate margin widening to N68.28, economic concerns over currency stability intensify as Nigeria faces foreign exchange...- Nigeria News
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- 2 min read
- nafem exchange rate naira depreciation naira to dollar rate nigerian currency stability parallel market exchange rate
- Category: Business
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![Today's Naira Rate[30-10-2024]: Naira Strengthens, Parallel Market Rates Hit N1,725 per Dollar](/data/attachments/209/209680-b3b00b896f8005f3e8f371831195771a.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[30-10-2024]: Naira Strengthens, Parallel Market Rates Hit N1,725 per Dollar
The Nigerian Naira appreciated to N1,725 per dollar in the parallel market and N1,630.45 in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Trading volumes surged by 198.8% to $242.59 million. The gap between the parallel and NAFEM rates widened to N94.55, raising concerns about...- Nigeria News
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- 1 min read
- nafem naira - dollar exchange rate naira appreciation parallel market exchange rate
- Category: Business
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![Today's Naira Rate[01-10-2024]: Naira Declines, Closing September at N1,705/$1](/data/attachments/208/208816-a1ff39dd457a9e619692b98c1000130e.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[01-10-2024]: Naira Declines, Closing September at N1,705/$1
The Nigerian naira closed September at N1,705 per dollar in the parallel market, marking a significant decline from N1,655. This depreciation results from increased demand and supply shortages, impacting the prices of imported goods. The official exchange rate also fell, signaling a challenging...- Nigeria News
- Article
- 1 min read
- foreign exchange supply naira depreciation nigeria currency news parallel market exchange rate
- Category: Business
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![Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market](/data/attachments/208/208398-6b420ca64d95293fadcf9548ce69b3bb.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market
As of September 18, 2024, the black market exchange rate for the US dollar against the Nigerian Naira reached N1,660. This significant disparity from the official Central Bank rate highlights ongoing economic challenges and a persistent shortage of foreign exchange in Nigeria. As of September...- Nigeria News
- Article
- 1 min read
- black market dollar rate nigeria forex market parallel market exchange rate usd to naira exchange rate
- Category: Business
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![Today's Naira Rate [23-05-2024]: Naira Depreciates to N1,510 Against Dollar in Parallel Market Amidst Forex Volatility](/data/attachments/204/204266-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [23-05-2024]: Naira Depreciates to N1,510 Against Dollar in Parallel Market Amidst Forex Volatility
The Naira depreciated to N1,510/$ in the parallel market but appreciated to N1,482.81/$ at the official window. Central Bank Governor Olayemi Cardoso emphasized ongoing reforms and the need for stakeholder cooperation to address economic challenges and inflation, aiming to improve the livelihood...- Nigeria News
- Article
- 2 min read
- cbn monetary policy naira appreciation naira depreciation nigerian forex market parallel market exchange rate todays exchange rate
- Category: Business
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