Friday, April 19, 2024
MARKET UPDATE
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TheCable

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Tag "dollar"

ALERT: Naira ‘could fall’ to 400/$ next week

    ALERT: Naira ‘could fall’ to 400/$ next week

Taiwo Ebenezer, the southwest chairman of Bureau de Change (BDC) operators is afraid that the naira could fall to 400 against the green back unless something is the currency’s free fall. According

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At 345 to a dollar, naira sinks to all-time low

    At 345 to a dollar, naira sinks to all-time low

Nigeria’s naira weakened to a new all-time high on Monday, trading at N345 to the dollar on the parallel market. The currency eased 1.47 percent from Friday’s 340 to the

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7 lessons from TheCable’s devaluation debate

    7 lessons from TheCable’s devaluation debate

The naira is on trial, the debate seems to be unending. Some say devalue, others beg to differ; some are facing the heat, others are reaping the fruits. What exactly

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At 318 to a dollar, naira hits new record low

    At 318 to a dollar, naira hits new record low

The Nigerian stock exchange (NSE) was on the rise on Wednesday, as the naira fell to new record low of N318 to the dollar on the parallel market on Wednesday.

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Naira stable at N310 to $1

  Naira stable at N310 to $1

The naira on Monday remained stable, exchanging for N310 to the dollar at the parallel market. It previously exchanged between

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Sanusi: Buhari’s FX policy encourages corruption

  Sanusi: Buhari’s FX policy encourages corruption

Muhammad Sanusi II, the emir of Kano and the immediate past governor of the Central Bank (CBN), says President Muhammadu

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Naira crashes further…. now N310 to $1

  Naira crashes further…. now N310 to $1

The naira traded at N310 to a dollar at the parallel market on Friday, amid expectations of an intervention by

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Naira strengthens against dollar at parallel market

  Naira strengthens against dollar at parallel market

The naira on Monday slightly strengthened against the dollar at the parallel market, in spite of scarcity of the dollar.

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Naira stable at N306 to dollar at parallel market

  Naira stable at N306 to dollar at parallel market

The naira continued to maintain an average value of N306 to the dollar on Friday, few days after the apex

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Naira plunges to N297 as BDCs lament dollar scarcity

  Naira plunges to N297 as BDCs lament dollar scarcity

The naira on Wednesday continued to depreciate at the parallel market amid mixed reactions to the recent forex policy of

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