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Naira Exchanges For N580/$ At Parallel Market

Naira Exchanges For N580/$ At Parallel Market         The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change operators who spoke to our correspondent said that the naira to the dollar was...

Naira Crashes To N550/$1 In Parallel Market

Naira Crashes To N550/$1 In Parallel Market             The naira on Monday suffered a major setback, losing N5 to close at N550 to dollar at the parallel market. The currency has been under pressure for nearly two weeks, losing significantly at the official and parallel markets due...

Naira Plunges To 543/$, Pounds Now N740

Naira Plunges To 543/$, Pounds Now N740       The naira continued its downward spiral on the parallel market on Thursday, selling for 543 to the dollar. While Bureau de Change operators in Abuja bought dollar at N540, it was sold for N543. The Economic Confidential had reported on...

Naira Extends Decline As Dollar Hits N535

Naira Extends Decline As Dollar Hits N535       The Nigerian currency extended its slide against the dollar on Wednesday, dropping to a new all-time low at the parallel market in Lagos. The naira has been falling steadily since the start of this month amid the lingering scarcity...

Naira Drops To All-time Low Of 527/$

Naira Drops To All-time Low Of 527/$     The naira extended its decline on Monday, sliding to an all-time low of 527 against the dollar at the parallel market. The local currency, which has been on a downward trend in recent weeks, fell to 524 against the...

Naira Exchanges For 509/$1 At Parallel Market

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’...