parallel market

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    Business Naira Crashes to 470 Per Dollar At Parallel Market

    The Nigerian naira on Thursday midday trading crashed to 470 per dollar at the parallel market as liquidity issue persists in the forex market. The currency declined by 3 points from N467 overnight market to N470 on Thursday afternoon. It remained steady at the inter-bank market, exchanging...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 48]

    The naira on Monday depreciated slightly to close at 314.75 to the dollar at the inter-bank market, forty -eight days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. The currency on Friday closed at 314.25 to the dollar...
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    Business Nigerian Naira Weakens Slightly Against Dollar At Parallel Market

    The Naira on Monday weakened slightly against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency shed 1 point to trade at N353 by midday, from N352 it traded on Friday. However, the Naira hedged against the Pound Sterling and the Euro as it...
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    Business Naira Firms Against Dollar at Parallel Market

    Nigeria naira firmed to 340/$ from 365 to the dollar on the parallel market on Friday, after the Central Bank introduced reforms designed to relaunch inter-bank currency trading and attract foreign investors. The naira gains ahead of currency floating on official market from Monday, Aminu...
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    Business Naira Weakens Against Dollar At Parallel Market

    The naira weakened further against the dollar at the parallel market on Monday, exchanging at N357 for a dollar as against N350 it traded on Friday. But maintained stability with the pounds sterling and euro, trading at N505 and N397 to each of them, respectively. Meanwhile, pending the...
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    Business Nigeria: Amid Fuel Price Hike, Naira Drops by Record 11% Against US Dollar

    Nigerian Naira 3-month non-deliverable forwards weaken by record 11%; Selling at 324 to a dollar on the black market spot, few days into the announcement of the end to Fuel Subsidy regime in the country by President Muhammadu Buhari led administration. See break down of Naira rates, according...
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    Business Nigeria - 02/5/16: Today's Naira Rate Against Dollars, Pound And Euro

    See Today's (02/05/2016) See exchange rate of the Nigerian Naira against the Dollar, Pounds and Euros at both official and parallel market Source: Guardian Newspaper
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    Business Naira Maintains Rate Against Dollar At Parallel Market

    The Naira on Monday exchanged at N320 to a Dollar at the parallel market in Lagos State. The News Agency of Nigeria (NAN) reports that the value of the Naira on Monday afternoon remained the same as its rate at the weekend. However, it traded against the Pound Sterling and the Euro at N450 and...
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    Business Naira Gains Value Against Dollar

    There are strong indications that the efforts of the Central Bank of Nigeria (CBN) to stabilise the naira may have started yielding the expected results. The CBN governor, Godwin Emefiele, last week accused speculators who connived with bureau de change operators to undermine the efforts of the...
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    Business Naira Depreciates Against Dollar At Black Market

    The naira at the parallel market was reversed as the currency depreciated to N355 per dollar in the market. According to investigation conducted by Vanguard, the parallel market exchange rate rose sharply from N305 per dollar on Tuesday to close in Lagos and Abuja at N355 per dollar, implying...