'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 Exchanges N460/$ On Parallel Market     The naira on Monday fell by 1.09 per cent to N460 on the parallel market. The naira decline followed President Muhammadu‘s directive to the Central Bank of Nigeria (CBN) to stop dollar sales for food and fertiliser imports. On the...

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 Exchanges For N441/$ At Parallel Market       Barely 24 hours after the Central Bank of Nigeria (CBN) resumed dollar sales to Bureau de Change (BDC) operators, the naira on Tuesday lost N6. It slumped from N435 recorded on Monday at the parallel market in Lagos to...

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...