Friday, April 19, 2024
MARKET UPDATE
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Tag "Black market"

Naira appreciates to N1,770/$ at parallel market

    Naira appreciates to N1,770/$ at parallel market

Naira strengthened on Friday to close at N1,770 against the dollar at the parallel section of the foreign exchange market. It appreciated by N90 or 4.84 percent, compared to the

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The naira conundrum: What to do

    The naira conundrum: What to do

First of Dear Readers, I have been called to public service. Some of you may know this already. It is a sacrifice. And it is a privilege at the same

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FX rates gap in official, parallel markets hits N219 — heads towards Buhari’s era

    FX rates gap in official, parallel markets hits N219 — heads towards Buhari’s era

Under President Bola Tinubu’s tenure, the foreign exchange (FX) rates disparity is gradually returning to the era of Muhammadu Buhari, former president — as the gap between the official and

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One year of fuel scarcity: While Abuja residents groan, black market booms

    One year of fuel scarcity: While Abuja residents groan, black market booms

Abayomi Alade, a taxi driver in Abuja, Nigeria’s capital, is unhappy. Beads of sweat run down his face as his chest heaves with frustration at the fuel queue in a

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‘Black marketer’ dies in culvert ‘while retrieving hoarded petrol’ in Abuja

  ‘Black marketer’ dies in culvert ‘while retrieving hoarded petrol’ in Abuja

A yet-to-be-identified alleged seller of black market petrol has died in a culvert in the federal capital territory (FCT). Two

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Off-spec blues: Motorists incur unplanned expenses as business booms for mechanics

  Off-spec blues: Motorists incur unplanned expenses as business booms for mechanics

The scenes were chaotic at filling stations that Saturday morning. Motorists were honking without restraint as they queued bumper to

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Naira loses 1.5k against dollar

  Naira loses 1.5k against dollar

The naira on Friday depreciated against the dollar, dropping by N1.5k at the Bureau De Change (BDC) market. This comes

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Naira remains stable against international currencies

  Naira remains stable against international currencies

On April 25, 2014, the Naira remained stable against the US Dollar and the British Pound Sterling at the official

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