Monday, August 15, 2022
MARKET UPDATE
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TheCable

Tag "dollar/naira"

Naira drops to N680/$ at parallel market despite EFCC’s clampdown

    Naira drops to N680/$ at parallel market despite EFCC’s clampdown

The naira, on Wednesday, weakened against the dollar at the parallel section of the foreign exchange market. Bureaux De Change operators (BDCs), popularly known as ‘abokis’, who spoke to TheCable

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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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Repatriate dollar earnings to reduce pressure on naira, CBN tells private sector

    Repatriate dollar earnings to reduce pressure on naira, CBN tells private sector

The Central Bank of Nigeria (CBN) has called for the repatriation of foreign exchange (FX) earnings through official channels to ease the pressure on the naira. Egboagwu Ezulu, CBN deputy

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Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub

    Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub

The naira, on Tuesday, sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after security operatives raided Bureaux De Change (BDC) hub in Abuja. The development

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Naira appreciates to N695/$ at parallel market

  Naira appreciates to N695/$ at parallel market

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

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Banks, fintechs continue to adjust FX services as dollar scarcity persists

  Banks, fintechs continue to adjust FX services as dollar scarcity persists

As dollar scarcity persists, Access Bank says it has reviewed the process of fulfilling dollar requests for maintenance/upkeep of students

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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 slides 0.5% to N581/$1 at parallel market

  Naira slides 0.5% to N581/$1 at parallel market

Nigerian naira traded at N581 per dollar on Friday at the parallel section of the foreign exchange market. The figure

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Naira drops 0.2% to trade N578/$1 at parallel market

  Naira drops 0.2% to trade N578/$1 at parallel market

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

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