Saturday, April 20, 2024
MARKET UPDATE
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TheCable

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Tag "CBN naira rate"

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 stable, trades N570/$1 at parallel market weeks after CBN/abokiFX row

    Naira stable, trades N570/$1 at parallel market weeks after CBN/abokiFX row

Nigerian naira on Monday opened the week’s trading at N570 per dollar at the market – as vice president Yemi Osinbajo called for the devaluation of the currency. Street traders

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IT’S OFFICIAL: Naira to now trade at N410/$1 as CBN adopts NAFEX rate

    IT’S OFFICIAL: Naira to now trade at N410/$1 as CBN adopts NAFEX rate

The Central Bank of Nigeria (CBN) has officially adopted the Nigerian autonomous foreign exchange (NAFEX) rate — weakening the naira by 8 percent to N410.25/$1. The apex bank has also

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