Naira Crashes To N550/$1 In Parallel Market             The naira on Monday suffered a major setback, losing N5 to close at N550 to dollar at the parallel market. The currency has been under pressure for nearly two weeks, losing significantly at the official and parallel markets due...

'Naira’s Depreciation To Persist'       The naira depreciated across the official and parallel markets with many pundits yesterday projecting further depreciation of the nation’s currency. The naira depreciated to as low as N545 per dollar at the weekend but there were projections of further depreciation to some...

Naira Plunges To 543/$, Pounds Now N740       The naira continued its downward spiral on the parallel market on Thursday, selling for 543 to the dollar. While Bureau de Change operators in Abuja bought dollar at N540, it was sold for N543. The Economic Confidential had reported on...

Naira Extends Decline As Dollar Hits N535       The Nigerian currency extended its slide against the dollar on Wednesday, dropping to a new all-time low at the parallel market in Lagos. The naira has been falling steadily since the start of this month amid the lingering scarcity...

Naira Drops To 532/$ Despite Rise In Forex Reserves       The Nigerian currency weakened further against the dollar at the parallel market on Monday despite the rise in the country’s foreign exchange reserves. The forex reserves, which fell to a record low of $33.09bn on July 12,...

Naira Drops To All-time Low Of 527/$     The naira extended its decline on Monday, sliding to an all-time low of 527 against the dollar at the parallel market. The local currency, which has been on a downward trend in recent weeks, fell to 524 against the...