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Dollar Sells For N450 In Parallel Market

Dollar Sells For N450 In Parallel Market     The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign exchange market. Impact of the crude oil prices which had been fluctuating, and fell to as low as $21,...

Despite CBN Injections Naira Weakens To 364/dollar

Despite CBN Injections Naira Weakens To 364/dollar The naira weakened to 364 per United States dollar at the parallel market on Monday, despite the injection of $210m into the interbank foreign exchange market by the Central Bank of Nigeria. This latest injection came barely two trading...

Dollar Sells At N362.5  at parallel market

Dollar Sells At N362.5  at parallel market The Naira on Tuesday maintained N362.5 to the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro closed at N480 and N430. At the Bureau De Change (BDC) window, the Nigerian...

Naira Now N380 Dollar, Pound N450 in Black-Market

Naira Now 380 Dollar, Pound N450 in BlackMarket The values of foreign currencies have continued to diminish against the Naira as the Nigerian currency was traded at N380 to the US Dollar and N450 to the Pound Sterling at the parallel market on Friday in...

Naira Faces Further Pressure Against Dollar

The naira is seen weakening further against the United States dollar next week amid a crackdown in the parallel market currency traders and the persistent scarcity of the greenback. Reuters reported that foreign exchange demand by small businesses was set to surge ahead of holiday...

At N463/$, Improved FX Liquidity Strengthens Naira on Parallel Market

The naira continued on the path of appreciation on the parallel foreign exchange (FX) market yesterday as it closed at N463 to the dollar, higher than the N467 to the dollar it closed the previous day. This development was once more attributed to the appointment...