THE naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks by this Newspaper on Wednesday showed the current parallel…
Tag: Naira
Naira falls Massively Against Dollar
Nigeria Naira continue to fall deepper at the black or parallel market to N658 to a $1.00 or 6% devaluation. Bureaux De Change operators (BDCs) who spoke to our correspondent blamed the…
Foreign exchange: Naira hits 620/$ at parallel market
THE naira, on Thursday, fell to N620 per dollar at the parallel market amid the lingering scarcity of the greenback. The figure represents a depreciation of N5 or 0.8 percent from the…
Again, Naira crashes dollar
The Naira on Wednesday depreciated at the Investors and Exporters window, exchanging at N420.50 to the dollar on Wednesday. This represents a 0.05 depreciation against N420.27 traded on Tuesday. …
Naira Notes Will Be Out Of Circulation Soon – CBN
The Central Bank of Nigeria CBN has said that the country will be faced with dearth of paper currency soon. This as the apex bank intensifies effort in the area of digital…
Naira to Dollar reaches N600 to $1 ahead party primaries
Ahead of party primaries in Nigeria, dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and…
JUST IN: Dollar batters Naira again at Exporters window
The Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to the dollar, a 0.48 per cent depreciation, weaker than N417 it traded on Friday. The open…
Dollar exchange: Naira loses again at official market
Naira fell yet again against the U.S. dollar at the official market on Thursday, extending its decline to two consecutive days at the spot market. It closed at N419.50 to a dollar,…
Naira Sheds Weight across FX Markets ahead of Easter break
The Nigerian local currency, naira, falls at the official foreign exchange and also weakened in the parallel market ahead of the Easter celebration due to demand pressures amidst dollar scarcity. At the…
Naira plunges to N585 per dollar at parallel market
Nigerian naira has dropped to N585 against the dollar at the parallel section of the foreign exchange market. The figure represents N4 or 0.7 percent depreciation compared to the N581 it traded…