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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...- ProfRem
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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- ProfRem
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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...- ProfRem
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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...- ProfRem
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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...- ProfRem
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- dollar exchange rate parallel market
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