Monday, August 15, 2022
MARKET UPDATE
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TheCable

Tag "black market rates"

Naira falls to N585 per dollar at parallel market

    Naira falls to N585 per dollar at parallel market

Nigerian naira has dropped to N585 against the dollar at the parallel section of the foreign exchange market. The figure represents N4 or 0.7 percent depreciation compared to the N581 it

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CBN and abokiFX’s black market rates: How transparent is abokiFX?

    CBN and abokiFX’s black market rates: How transparent is abokiFX?

BY ODEWALE ABAYOMI Amidst the growing popularity of abokiFX, a website which publishes black market exchange rates, and as naira depreciates at the parallel market, the Central Bank of Nigeria

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