Naira Drops To N683 Per Dollar At Parallel Market   Naira has dropped to N683 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The figure represents a depreciation of N3 or 0.4 per cent from the N680 it...

Blackmarket Speculators Loss As Naira Gains N70 Against US Dollars A few days after security personnel stormed several Bureau De Change (BDC) hubs in Abuja, Lagos and Kano, the naira has continued to strengthen on the black-market strengthening to N640 per dollar. Recall that at the...

Naira Strengthens To N665/$ At Parallel Market   The naira yesterday sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after security operatives raided the Bureaux De Change (BDC) hub in Abuja. The development represents N30 or 4.3 per cent gain...

Naira Slides Ahead Of Yuletide, Exchange For 570/$   The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday. Operators, who spoke to our correspondent, said the dollar was bought and sold for N567 and N570 respectively on...

Naira Slides To 555/dollar In Parallel Market   The naira lost steam at the parallel market on Monday, sliding to 555 per dollar. The local currency had crashed to 540/dollar on Friday, after trading at 535/dollar on Thursday. After tumbling to 575/dollar recently, the local currency began a...

Speculators Lose Billions As Naira Appreciates, Exchanges For 540/$   The naira has appreciated further in the parallel market as the dollar was sold for N540 on Wednesday, with traders saying speculators hoarding dollars would be losing a lot of money. The dollar, which was bought and...