The naira has attained a fresh all-time low of 412/$1 on Friday, as dollar scarcity bites harder at the parallel market. Foreign exchange scarcity continued on the parallel market as
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The Nigerian Stock Exchange (NSE) opened on a positive note on Wednesday, after the Central Bank of Nigeria (CBN) raised key interest rate to its highest point in the bank’s
The naira remained stable on Monday at the parallel market, ahead of the Central Bank of Nigeria (CBN) monetary policy committee (MPC) decisions on the economy. The Nigerian currency, according
The naira is currently trading at 364 to the British pound but Nigerians can barely buy or sell. The local currency, which traded at 376 to the pound on Monday,
Deposit money banks (DMBs) are still charging their customers parallel market rates for foreign exchange transactions done via the bank’s
The Nigerian parallel market is perhaps the only market in the world to be unperturbed by all the drama in
The naira on Friday depreciated against the dollar, dropping by N1.5k at the Bureau De Change (BDC) market. This comes
The naira has appreciated against the major currencies at the official and parallel markets in Lagos. At the official market,
On April 25, 2014, the Naira remained stable against the US Dollar and the British Pound Sterling at the official
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