Naira Falls Further, Exchanges for N1,673/$, N2,000/1£ at Parallel Market Nigeria’s currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. The new rates were confirmed on Monday by Bureau de Change operators in the Federal Capital Territory, Abuja, with...

Dollar Sales Drop by 74% to $84.1m Dollar sales by Deposit Money Banks and other entities at the Nigeria Autonomous Foreign Exchange Market dropped by $252m to $84.1m on Friday. This represents a 74 percent drop from the $331.1m transactions recorded at the official Nigeria Autonomous...

Oil Market Rises As Dollar Weakens On Thursday, the oil market rose after retail data in the United States prompted a sell-off in the Dollar, the trading currency for the commodity, with Brent crude futures up by $1.26 or 1.5 per cent to $82.86 a...

Naira Gains Marginally, Exchanges for N1,499 per Dollar The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499 per Dollar from an all-time low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This means the naira gained by 2.3 per...

Naira Drops to N1,534 per Dollar In the official foreign exchange market, naira fell to an new all-time-low as it sells for N1,534 per Dollar on Monday. This shows a loss of 3.93 per cent fall or N58 from the N1,476.13/$ the national currency closed last...

Dollar Supply Rises by 180% in FX Market as Banks Sell $440m Dollar supply in the official foreign exchange market rose by 180.59 percent to $440.13m on Friday. This is as the naira closed the week at N1435.53/$ on Friday after what was a turbulent week. According...