Naira Gains 9.7% At Parallel Market     The naira appreciated on the parallel market on Tuesday. It gained 9.65 per cent against the dollar. Forex traders attributed the appreciation of the currency to Central Bank of Nigeria’s (CBN’s) plan to restart forex sales to Bureaux de Change. The...

Naira Strengthens Against Dollar     Barely 24 hours Naira was forced to a downward trajectory by dollar scarcity it bounced back, closing at N477 to a dollar at the parallel market in Lagos. The Pound Sterling and the Euro traded at N608 and N550, respectively. The Naira, however,...

Naira Exchanges At N472/$ At Parallel Market   The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos. The Pound Sterling and the Euro also exchanged for N575 and N530 respectively. The Naira, however, traded at N388.17 to a dollar at the...

Naira To Depreciate Further In Parallel Market     The sharp depreciation of the naira in the parallel market is set to continue this week with the exchange rate projected to hit N470 per dollar. Last week, the naira depreciated by N9 or 1.9 percent to N467 per...

Naira Remains Stable At The Parallel Market   The naira maintained stability against the American dollar at the parallel segment of the foreign exchange market, this week. Nigeria’s currency sold at N450 to $1 on Friday and has remained at this rate for the past six...

Naira Slumps To N470/$1 On Parallel Market Naira dropped further on the parallel market yesterday, hitting N470 against the dollar as scarcity of foreign exchange, occasioned by the outbreak of novel coronavirus continues to negatively impact the local currency. Naira has been on a steady decline...