Dollar Exchanges For N876/$ As Forex Shortage Worsens   The naira maintained its downward trend against the dollar as it traded for 876/$ at the parallel market on Sunday. Some Bureau de Change operators said the local currency had earlier exchanged to the dollar at 820 a...

Naira Declines Further, Exchanges For 570/$           The naira continued its downward trend after exchanging to the dollar for 570 on Thursday. A week earlier, the naira had traded to the dollar at the rate of 534. According to the official website of the Bureau de Change operators,...

Naira Plunges To 543/$, Pounds Now N740       The naira continued its downward spiral on the parallel market on Thursday, selling for 543 to the dollar. While Bureau de Change operators in Abuja bought dollar at N540, it was sold for N543. The Economic Confidential had reported on...

Naira Exchanges For N474/$      The naira exchanged to the dollar in the parallel market at N474/$ on Thursday. The naira which recorded slight improvement in recent days closed at the Importer & Exporter forex window at N394.6/$. However, the Central Bank of Nigeria retained the official exchange...

In Six Months, CBN Disburses $13.99bn Forex       The Central Bank of Nigeria supplied $13.99bn into the market between January and June. The bank disclosed this in its quarterly statistical bulletin on ‘Supply of forex’ for the month of June. According to the CBN, the forex were supplied...