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. […]
Tag: Forex Investors and Exporters (I&E) window
Naira Trades At N705/$1 At Black Market
The Naira marginally appreciated in value as it traded at N705 to a US dollar on Tuesday at the parallel market, which represents a 0.14% appreciation from N706/$1 it traded the previous trading day. Similarly, it also recorded 0.14 percent appreciation at the cryptocurrency peer-to-peer (P2) FX market, traded at N704.5/$1 on Tuesday morning, as […]
Naira Exchanges N708/$ At Parallel Market
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 […]
Naira Depreciates At P2P Market To N706/$, Gains At Black Market
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 […]