Banking Foreign Exchange (Forex) Latest News Planning & Economic Development

Naira Depreciates, Exchanges N742/$1 At Black Market

Nigeria’s currency, the Naira, on Monday sustained its weakening value trend at the foreign exchange (FX) market over the past few days, exchanging at N742/$1 during the early morning trading at the parallel market. The latest exchange rate of the local currency indicated a further slide in its exchange value for the dollar by about […]

Banking Foreign Exchange (Forex) Latest News Planning & Economic Development

Naira Depreciates, Exchanges At N722/$1 At Parallel Market

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 […]