Monday, December 5, 2022
MARKET UPDATE
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TheCable

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Tag "Bureau De Change (BDCs)"

Naira’s free fall continues, trades N692/$ at parallel market

    Naira’s free fall continues, trades N692/$ at parallel market

The naira, on Tuesday, fell to N692 per dollar at the parallel market amid the lingering scarcity of the greenback. The figure signifies a depreciation of N9 or 1.3 percent

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Naira falls further, trades N600/$ at parallel market

    Naira falls further, trades N600/$ at parallel market

The naira, on Tuesday, weakened against the dollar to trade at N600 at the parallel market. Bureaux De Change operators (BDCs), popularly known as ‘abokis’ who spoke told TheCable, said

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Naira sinks to N587/$1 at parallel market as forex scarcity persists

    Naira sinks to N587/$1 at parallel market as forex scarcity persists

Nigerian naira weakened to N587 per dollar at the parallel section of the foreign exchange (FX) market. The drop is N2 or 0.3 percent from the N585 it traded last week as

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Naira depreciates further, exchanges for N572/$1 at parallel market

    Naira depreciates further, exchanges for N572/$1 at parallel market

The Nigerian naira traded at N572 per dollar on Monday at the parallel section of the foreign exchange market. The figure is higher by N2 or 0.4 percent from the

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Naira depreciates as banks shift BTA/PTA rates to N419 per dollar

  Naira depreciates as banks shift BTA/PTA rates to N419 per dollar

The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel

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