….speculators resume hoarding THE naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities…
Tag: parallel market
Naira Plunges To #1,370/$ At Parallel Market
The naira on Wednesday, crashed to a record low of N1,370 /$ at the parallel market, inching closer to N1,400/$ rate. The depreciation of the local currency was mainly as a result…
Naira-Dollar Exchange Rate Quotes For N1,045
VAM News Update THE exchange rate between the naira and the dollar fell to N1,040, N1,045 at the parallel market as demand continues to outpace supply on a frequent basis. Forex traders…
Naira trades at N900 to Dollar
THE Naira on Wednesday, August 23, closed at N900/$ at the parallel market, N70 weaker than N830/$ this week’s opening. The local currency, which regained steam after the acting governor…
Again, Naira slides, trades high at parallel market
VAM News Update THE Nigerian naira, on Monday, weakened to N871 per US dollar at the parallel section of the foreign exchange (FX) market. The figure represents a depreciation of N6 or…
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…
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…
Breaking: Naira depreciates by 2.8% at parallel market
The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators in Lagos told TheCable on Friday that the naira exchanged…
Naira falls to N527 to dollar at parallel market
The naira on Monday weakened to new low of N527 to dollar in the parallel market. The local currency position represents N3 depreciation from N524 to dollar it closed last week. The…
Naira Falls To N522/$1 At Parallel Market Over CBN Controversial Policy
Following the discontinuation of sale of foreign exchange (FX) to Bureaux De Change (BDCs) operators in the country by the Central Bank of Nigeria, the naira has dropped to N522 to a…