Saturday, May 4, 2024
MARKET UPDATE
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Tag "dollar/naira"

Naira continues free fall, hits N815/$ at parallel market

    Naira continues free fall, hits N815/$ at parallel market

The naira has continued its free fall in the parallel market, depreciating to N815 per dollar in Abuja on Monday. Bureaux De Change (BDC) operators in the Wuse area of

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Naira depreciates, trades N707/$ at parallel market

    Naira depreciates, trades N707/$ at parallel market

The Nigerian naira, on Wednesday, weakened to N707 per dollar at the parallel section of the foreign exchange (FX) market amid increased demand.

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Naira slides to N683/$ at parallel market as FX demand intensifies

    Naira slides to N683/$ at parallel market as FX demand intensifies

The naira has dropped to N683 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The figure represents a depreciation of N3

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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

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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

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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

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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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