The Naira weakened against the dollar at the parallel market to trade at N570 amid demand for the currency during the yuletide season. Street traders across forex markets in Lagos quoted the rate at N570 to...
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday. At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday...
The naira lost about 70 kobo to the dollar during yesterday’s trading at the investors’ and exporters’ (I & E) foreign exchange window. The market opened at N414.05 but closed at N414.73/$. At the parallel market,...
The naira defied verbal interventions of the Central Bank of Nigeria in its downward slide against other currencies, exchanging N580 to the dollar at the parallel market on Monday, from N570/$ on Friday. But following the...
The Naira continued its plunge at the parallel market on Tuesday. According to abokiFX.com, a website that collates the parallel market rates in Lagos, the local unit closed at N557.00 per $1, a N2.00 or 0.20...
The Central Bank of Nigeria (CBN) has denied rumours it plans to convert monies in the domiciliary accounts of bank customers to naira to check the shortage of US dollars in the country. In a statement...
Naira continued its free fall yesterday going for N545.00/$1 at the parallel market, representing a N5.00 or 0.93 per cent devaluation from N540.00 it traded on Thursday. Also, the local currency fell against the U.S dollar...
The Naira yesterday plummeted to N543/$ at the black market, stoking fears about forex supply. Similarly, the domestic currency fell against the U.S. dollar at the official Investors and Exporters (I&E) window as the foreign...
The Naira extended its slide against the dollar on Wednesday, dropping to a new all-time low of N535 to the US dollar at the parallel market in Lagos. The naira has been falling steadily since the...
The Naira fell against the U.S. dollar at the unofficial market on Monday, at N532.00 per $1, the lowest it ever traded at the black market. It traded N530.00 in the past two trading sessions (Thursday...