The naira continued on the path of appreciation on the parallel foreign exchange (FX) market yesterday as it closed at N463 to the dollar, higher than the N467 to the dollar it closed the previous day.
This development was once more attributed to the appointment...
The naira continued to crash on the parallel FX market on Tuesday as it fell to N452 to the dollar, lower than the N445 to the dollar from the previous day as demand for the greenback continued to outweigh supply.
The spot rate of the...
The naira sustained its decline on the parallel market as it slipped to N445 to the dollar yesterday, lower than the N440 to the dollar it closed on Friday as pressure and activities of speculators continued to hurt the nation’s currency.
But on the interbank...
The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new level.
The local currency, which closed at 436/dollar on Thursday, eased to 435 in the early hours of Friday. It closed...
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The naira fell to an all-time low of N436 to the dollar on the parallel market yesterday, as against N428 to the dollar from the previous day, as the perennial scarcity...
The naira plunged to 400 against the dollar at the parallel market yesterday as shortage of foreign exchange continued to have negative effects on economic activities in the country.
The local currency had closed at 390 against the greenback on Wednesday.
The shortage of forex at...
