The Naira suffered marginal loss in its exchange rate to the US dollar on Tuesday at the black market, trading at N747/S1 in the early hours of the day, representing 1.63% depreciation when compared to the N735/$1 trading value it maintained in the last three trading sessions. Some black market operators linked the marginal slide […]
The Nigerian currency, Naira, sustained its exchange rate value-addition trend at the parallel market and traded at an average of N745/$1 on Monday in the early hours trading session. Black market dealers in Abuja linked the improving exchange rate of the Naira partly to the ongoing old Naira notes’ redesign policy measure of the Central […]
Nigeria’s currency, the Naira slightly recovered in exchange value against the US dollar at the black market on Monday and traded at N753/$1 compared to the N755/$1 it traded on Friday. According to information sourced from black market traders by our correspondent, the appreciation of the Naira at the parallel market was due to increased […]
Nigeria’s currency, the Naira marginally appreciated in value against the US dollar at the black market in the morning hours on Thursday and traded at N742/$1, indicating a slight gain of 0.13% from N743/$1 it traded on Wednesday. According to information from black market traders, the Naira, however, depreciated at the cryptocurrency peer-to-peer (P2P) FX […]
The Naira, Nigeria’s currency, depreciated in value against the US dollar at the black market in the early hours of Wednesday and traded at N743/$1, indicating a slight depreciation of 0.13% from N742/$1 it traded on Tuesday. According to information from black market traders on the market’s trend in the early hours of the day […]
The Naira exchanged at N708/$1 at the parallel market on Monday, representing a 0.43% fall compared to N705/$1 recorded as of the close of trade last week Friday. According to information for black market traders, the Naira also depreciated at the cryptocurrency peer-to-peer (P2P) FX market, trading at a minimum of N713.67/$1 on Monday morning. […]
Nigeria’s national currency – Naira – exchanged at N706/$1 on Monday morning, indicating 0.28% appreciation compared to N708/$1 it exchanged per dollar on Friday. According to information obtained from black market operators on the trading trend in the parallel market by our correspondent, the Naira, however, declined marginally against the US dollar at the official […]
The Naira, Nigeria’s currency, exchanged at N708/$1 on Friday morning, the same rate it exchanged for the dollar on Thursday. Information obtained from foreign exchange (Forex) operators, indicated that at the official Investors and Exporters (I&E) window, the Naira dipped further to close at N436.32/$ on Thursday, representing a slight appreciation of 0.04% when compared […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to discard the official exchange rate and float the Naira amid the increasingly widening gap between the official market and black market rates in the forex market. The President of the association, Alhaji Aminu Gwadabe, was quoted […]
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 […]