Naira Relapses To N515/$1 As Dollar Scarcity Persists
The naira yesterday lost N5 to close at N515/$1 at the parallel market.
The local currency had also lost N5 to close at N510/$1 on Tuesday as dollar scarcity and volatility continued to hold sway in the market.
The...
Naira Exchanges For 509/$1 At Parallel Market
The naira held steady against the dollar at the parallel market on Monday at N509.
The naira held steady against the greenback at the parallel market from the 509/$1 at which it closed on Friday.
On the Investors and Exporters’...
Naira Strengthens To 512/$1 As Banks Sell For N412/$
The naira appreciated against the dollar at the parallel market on Monday as deposit money banks set up foreign exchange teller points for customers in line with the directive from the Central Bank of Nigeria.
The naira...
Naira Slides To 505/$ As CBN Stops Forex Sale To BDCs
The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators in...
Naira Exchanges For 503/$ At Parallel Market
The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators.
Figures obtained from naijbdcs.com, the official website for the licensed BDCs by the Central Bank of Nigeria showed...
Naira Relapses To N500/$1 Despite Marginal Gains
The naira yesterday depreciated to N500/$1 after recording marginal gain against the greenback at the weekend.
The naira closed last week at N498/$1, N2 weaker than current position of the local currency.
Also, foreign exchange (forex) reserves have dropped to...
