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’...

Anticipated $3.4bn SDRs From IMF, $6.2bn Eurobond Issuance Lift Naira At BDC, Parallel Markets     Despite the suspension of supply of foreign exchange sales to Bureau De Change (BDCs) by the Central Bank of Nigeria (CBN, the naira strengthened against the dollar at the BDC and...

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 Further Slumps To 523/$ At Parallel Market       The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria stopped the allocation of foreign exchange to Bureau de Change operators in the country. The naira, which exchanged...

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...