Friday, April 26, 2024
MARKET UPDATE
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Tag "dollar/naira"

Naira stable, exchanges for N740/$ at parallel market amid diaspora dollar inflow

    Naira stable, exchanges for N740/$ at parallel market amid diaspora dollar inflow

The naira, Nigeria’s currency, has maintained stability against the U.S dollar at the parallel market for the past week. Bureau De Change operators (BDCs) across forex markets in Lagos quoted

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Naira slides to N745/$ at parallel market

    Naira slides to N745/$ at parallel market

The naira has depreciated further against the dollar at the parallel and official sections of the foreign exchange market. Bureaux De Change operators (BDCs), popularly known as ‘abokis’, who spoke

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Naira strengthens to N740/$ at parallel market as dollar demand shrinks

    Naira strengthens to N740/$ at parallel market as dollar demand shrinks

The naira, on Friday, appreciated further against the dollar at the parallel market to trade at N740 per dollar. The figure represents an appreciation of N35 or 4.5 percent from

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Naira gains, trades N775/$ at parallel market

    Naira gains, trades N775/$ at parallel market

The naira, on Monday, appreciated to N775 per dollar at the parallel section of the foreign exchange market. The figure represents an appreciation of N15 or 1.9 percent compared to

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EFCC chairman: Naira redesign may crash dollar to N200

  EFCC chairman: Naira redesign may crash dollar to N200

Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), says the dollar may crash to N200 after the

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Naira depreciation: EFCC arrests ‘currency speculator’ in Abuja

  Naira depreciation: EFCC arrests ‘currency speculator’ in Abuja

The Economic and Financial Crimes Commission (EFCC) has arrested one Mustapha Muhammed, better known as Mustapha Naira, over alleged currency

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Naira ends one-week rally, depreciates to N790/$ at parallel market

  Naira ends one-week rally, depreciates to N790/$ at parallel market

The improving fortune of the naira at the parallel market was reversed on Tuesday as the local currency depreciated to

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Naira appreciates to N710/$ at parallel market

  Naira appreciates to N710/$ at parallel market

The naira has sustained its momentum at the parallel market, appreciating N710 per dollar in Lagos on Friday. The development

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Naira appreciates to N825/$ at parallel market

  Naira appreciates to N825/$ at parallel market

The naira, on Wednesday, appreciated against the dollar at the parallel section of the foreign exchange market amid increased liquidity.

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Naira slumps to N885/$ despite EFCC’s raids on BDC hubs

  Naira slumps to N885/$ despite EFCC’s raids on BDC hubs

The naira has dropped to a new low of N885 per dollar at the parallel section of the foreign exchange

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