'Naira Depreciation In Parallel Market To Continue'
Analysts have predicted that the depreciation of the naira in the parallel market will continue due to back-log of unsatisfied demand for dollars.
They also cited rising dollar demand owing to increased economic activities due to reduction in COVID-19...
CBN Decries Speculation As Naira Plunges, Exchanges For 465/$
Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19 pandemic on the economy will put more pressure on the naira.
The Central Bank of Nigeria said...
Naira Plunges, Exchanges For N440/$
The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales to the Bureau de Change Operators on Monday.
The naira had last week dropped from N480/$ to N420/$, following the Central...
Naira Set To Gain As CBN Resumes Forex Sales
The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today) will strengthen the exchange rate of the naira to the dollar according to the operators.
In a...
Naira Rebounds, Exchanges For 420/$, Speculators Count Losses
The naira exchanged to the dollar at the parallel market at N420/$ on Wednesday, following the interventions made by the Central Bank of Nigeria in the Investors and Exporters window.
Prior to CBN’s renewed intervention in the I&E...
Naira Gains 9.7% At Parallel Market
The naira appreciated on the parallel market on Tuesday. It gained 9.65 per cent against the dollar.
Forex traders attributed the appreciation of the currency to Central Bank of Nigeria’s (CBN’s) plan to restart forex sales to Bureaux de Change.
The...
