Naira Crosses N700/$ At Parallel Market   The naira has continued its downward trend, falling to N702 per dollar at the parallel market. The figure represents N10 or 1.4 per cent depreciation compared to the N692 it traded last week. Bureaux De Change (BDC) operators in Lagos and...

Naira Drops To N683 Per Dollar At Parallel Market   Naira has dropped to N683 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The figure represents a depreciation of N3 or 0.4 per cent from the N680 it...

Naira: The Story of a Once-Upon-a-Time 'Powerful' Currency, by As-sayyidul Arafat   When writing this article, the dollar traded against Naira in the Black Market for #705/$. What initially started from #2 to €1 in the United Kingdom and #1 to $0.6 in the United States...

Blackmarket Speculators Loss As Naira Gains N70 Against US Dollars A few days after security personnel stormed several Bureau De Change (BDC) hubs in Abuja, Lagos and Kano, the naira has continued to strengthen on the black-market strengthening to N640 per dollar. Recall that at the...

Naira Strengthens To N665/$ At Parallel Market   The naira yesterday sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after security operatives raided the Bureaux De Change (BDC) hub in Abuja. The development represents N30 or 4.3 per cent gain...

Just in: Naira Crashes to N710 to a Dollar The Nigerian naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks by Economic Confidential on Wednesday showed the current parallel market rate pegged at...