Nigeria’s national currency – Naira- on Wednesday sustained its appreciation trend at the parallel market, exchanging at an average of N800/$1 in the early morning trading hours, compared to an average of N855/$1 it traded during Tuesday’s trading session. The currency’s latest exchange rate represented a 6.43% appreciation over the preceding day’s exchange rate. According […]
The Naira depreciated further early Tuesday morning at the parallel market, exchanging at N722/$1, representing a depreciation of 1.26% from N713/$1 it traded on Monday. Information obtained from black market traders on the trading trend by our correspondent, indicated that the Nigerian currency, however, recorded an appreciation of 0.84% at the cryptocurrency peer-to-peer (P2P) FX […]
The Naira exchange rate at the cryptocurrency peer-to-peer FX market dropped by 0.22% to N706.54/$1 on Wednesday morning, down from the N704.99/$1 that the currency traded as of the same time the previous day. However, according to information obtained from black market operators, the Naira on the other hand appreciated slightly by 0.14% on Wednesday […]
The Naira depreciated to a new low on Thursday, exchanging for N645 against the U.S. dollar in the parallel market. Latest foreign exchange (Forex) market data from Aboki Forex, a digital platform that provides daily information on Naira’s exchange rates to foreign currencies to users on both official and unofficial markets, the Naira, which traded […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has unveiled a roadmap to designed to forestall sustained exchange rate instability of the Naira with a view to ensuring the currency’s exchange rate stability and by implication, enhance its value-addition to the economy. The association made this disclosure on Thursday in a statement issued […]