Wednesday, March 22, 2023
MARKET UPDATE
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Tag "BDC operators"

Naira falls to N756/$ at parallel market amid high FX demand

    Naira falls to N756/$ at parallel market amid high FX demand

The naira, on Friday, tumbled to N756 per dollar at the parallel section of the foreign exchange market. The figure represents an depreciation of N8 or 1.1 percent compared to

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Naira appreciates to N825/$ at parallel market

    Naira appreciates to N825/$ at parallel market

The naira, on Wednesday, appreciated against the dollar at the parallel section of the foreign exchange market amid increased liquidity. Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who

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Naira slides to N683/$ at parallel market as FX demand intensifies

    Naira slides to N683/$ at parallel market as FX demand intensifies

The 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

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‘Desist or risk arrest’– EFCC vows to clamp down on FX hoarders in Lagos, Kano

    ‘Desist or risk arrest’– EFCC vows to clamp down on FX hoarders in Lagos, Kano

Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will go after persons and organisations hoarding foreign currencies, especially dollars, across the country. According to

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Naira hits 620/$ at parallel market amid surge in FX demand

  Naira hits 620/$ at parallel market amid surge in FX demand

The naira, on Thursday, fell to N620 per dollar at the parallel market amid the lingering scarcity of the greenback.

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Naira falls to N615/$ at parallel market ahead of Eid

  Naira falls to N615/$ at parallel market ahead of Eid

The naira has depreciated to N615 a dollar at the parallel market ahead of a two-day holiday for Eid-el-Kabir. The figure represents

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Naira continues free fall, weakens 0.9% to N577/$1 at parallel market

  Naira continues free fall, weakens 0.9% to N577/$1 at parallel market

The Nigerian naira has weakened to N577 per dollar at the parallel section of the foreign exchange market. This represents

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Naira falls by 2.8% to N545/$1 at parallel market

  Naira falls by 2.8% to N545/$1 at parallel market

The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change

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Naira gains 3.6% to trade N540/$1 at parallel market

  Naira gains 3.6% to trade N540/$1 at parallel market

The Nigerian naira has appreciated by 3.6% to N540/$1 at the parallel market — almost four months after the Central

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CBN directs banks to publish names, BVN of forex policy defaulters

  CBN directs banks to publish names, BVN of forex policy defaulters

The Central Bank of Nigeria has directed all commercial banks in the country to publish the names and bank verification numbers

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