Naira Slumps Further , Exchanges 1,190/$
The naira has maintained its downward trend as scarcity of the dollar bites harder.
At the parallel market, naira commenced trading at 1,175/$ and closed at 1,190/$ on Friday.
Two weeks earlier, the naira had traded at 1,100/$ at the parallel...
Naira Hits All-time Low, Exchanges for 1,100 to a Dollar
The Naira has fallen to an all-time low as it now exchanges for N1,100 per dollar in the black market.
This is according to information obtained on Wednesday morning, from traders in the parallel market .
The...
'Naira Under Pressure, Nigeria May Seek Dollar Loan'
The International Monetary Fund (IMF) has said the naira is currently under pressure and Nigeria is free to seek loan from the Fund to stabilise the currency if it considers a good option.
The Washington-based lender however noted...
Dollar Supply Jumps After CBN Lifts Ban on Forex Sale
Dollar supply at the foreign exchange (forex) market reportedly soared after the Central Bank of Nigeria (CBN) scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem the local...
CBN Raises Dollar Supply, Lifts Ban on Cement, 42 Items
The Central Bank of Nigeria has said it is raising dollar supply in the foreign exchange market, just as it also lifted the ban on 43 items that were previously not qualified for forex at...
Job Losses, Factory Shutdown Loom as Naira Falls to 1,025/$
The naira fell further on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$.
Owners of small-scale enterprises, Nigeria Employers’ Consultative Association, and manufacturers has expressed concern about the falling...
