After hitting a 48-year low against the US dollar in the black market on Monday, Nigerian currency has started a new journey to another unwanted record....
The value of the Nigerian currency fell further at the black market on Monday, as traders who pay a premium to obtain foreign currencies from independent...
The Association of Bureau De Change Operators of Nigeria (ABCON) has offered to assist the Central Bank of Nigeria (CBN) in stopping the Naira’s depreciation. Alhaji...
The Naira began the week at N545 per dollar at the black market, a 3.1 percent depreciation from last Monday’s opening rate. The naira had opened...
Black market traders appear to have struck gold in recent days, taking advantage of the low liquidity on the foreign currency market as well as Nigerians...
On Wednesday, the Naira fell further on the parallel side of the foreign exchange (FX) market, as mounting pressure devalued the local currency by N3. Naira...
At the official Investors and Exporters window, the Naira gained 0.11 percent versus the US dollar on Tuesday, closing at N410.67/$1 compared to N411.13/$1 it closed...
More Nigerians flocked to the black market on Monday, allowing speculators to further weaken the Naira against foreign currencies. Nigerians see the black market as a...
After consecutive devaluation, the Naira posted a gain against the US dollar at both the official and unofficial market windows of the forex market on Tuesday....
On Wednesday Naira weakened significantly against the U.S. dollar at the official market, but remained stable at the black market window. Data posted by FMDQ, where...
Nigeria’s currency traded weaker against foreign currencies on Wednesday at the black market. According to Abokifx data, after trading on Wednesday, the Naira lost 0.39 percent...
The Naira appreciated marginally against the U.S dollar at the official market (Nafex window) after two days of losses. Data posted on the FMDQ Security Exchange...
The Central Bank of Nigeria (CBN) and the bankers committee have announced plans to digitalize the sale of foreign exchange, which will greatly simplify the cumbersome...
Street currency traders began the new week selling U.S dollars to their customers at N510 to a U.S dollar, check by Ripples Nigeria have shown. Last...
Nigerian banks on Monday sold the U.S dollars at N412 to Nigerians, check by Ripples Nigeria has shown. While on the street, currency traders price the...
Nigeria’s currency lost 2.18 percent of its value to the dollar this week on the parallel market known as the black market. Naira had begun the...
After two days of pressure, the Naira appreciated against the United States Dollar at the segment of the parallel foreign exchange (FX) market on Thursday. The...
Some currency dealers have responded to the Central Bank of Nigeria (CBN) Tuesday’s decision to halt the sale of dollars to Bureau de Change (BDC) operators....
The Central Bank of Nigeria (CBN) has announced that it would no longer sell dollars to Bureau De Change (BDC) operators as of today (Tuesday). Godwin...
It was mixed outing for the Naira on Thursday against the U.S dsollars, following two-day Sallah holiday. While the Naira gained to the dollars at official...
Nigeria’s currency on Monday lost 0.31 percent to the dollar at the official market. According to data from FMDQ securities Nigerian currency exchanged at N411.67k /1$...