Naira: The Story of a Once-Upon-a-Time 'Powerful' Currency, by As-sayyidul Arafat   When writing this article, the dollar traded against Naira in the Black Market for #705/$. What initially started from #2 to €1 in the United Kingdom and #1 to $0.6 in the United States...

Naira Gains, Records N25 At Black Market   Naira has launched a sustained recovery at the parallel market, gaining N25 since it fell to its lowest of N575 to a dollar on September 20, 2021. A survey at the Bureau De Change (BDC) market in Wuse Zone...

DPR Warns Against Black Market In LPG         The Department of Petroleum Resources has warned those who indulge in illegal sale of Liquefied Petroleum Gas and other sharp practices to desist from such henceforth. It said ‘black market’ gas distribution was a serious danger to the gas...

Naira Falls Further At Black Market     The naira dropped further on Wednesday morning to sell at a rate of N453 to $1 at the black market as against N451 to $1 recorded on Tuesday, showing a differential of N2.00, as individuals and businesses rushed to...

Black Market Forex Dealers Cash On Scarcity, Sell N415/$   The pressure on the foreign exchange market seems to have continued unabated as the Naira depreciated to its weakest level since February 2017 at the parallel market, which is also known as the black market, selling...

The Naira has appreciated at the parallel market in spite of the rise in the nation’s foreign reserves. The Nigerian currency gained 15 points at the parallel market to exchange at N495 on Thursday after closing at N520 three days ago. It also appreciated against...