Naira has slipped to 485 to a dollar today, Friday, 30 September at the parallel market following the scarcity of the foreign exchange in the country.
Some traders in Lagos and Abuja said the naira nears 490 a dollar in early trading before returning to...
The naira fell against the dollar at the interbank foreign exchange market to an all-time low of 334.50 on Wednesday, a day after the Central Bank of Nigeria’s Monetary Policy Committee hiked interest rates to lure foreign investors back into local assets.
The naira had...
At least 75 ships with two and a half million tonnes of fuel are awaiting importers on the high seas as Nigerians can’t find the dollars they need to pay for the cargoes, according to ship tracking data and fuel traders.
A Reuters report said...
Nigeria’s current financial and economic community is quick to point out the realities of her currency, the gyrations, floundering and nose-diving in all ramifications of suggesting an economic meltdown.The nation’s legal tender, the naira, has been on a free-fall against the United States dollar...
The Naira on Wednesday exchanged for N325 against the American dollar on the parallel market. Nigerian Tribune reports
The bureau de change (BDC) operators who spoke to Nigerian Tribune said the exchange rate has dropped in the past 48 hours and as they suggested a...
