Friday, April 26, 2024
MARKET UPDATE
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Tag "naira-dollar rate"

IMF: CBN should step back as FX intermediator, allow banks to control dollar rates

    IMF: CBN should step back as FX intermediator, allow banks to control dollar rates

The International Monetary Fund (IMF) has asked the Central Bank of Nigeria (CBN) to step back and allow commercial banks to determine dollar buy-sale rates to boost foreign capital flows

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Again, naira crosses N700/$ mark at parallel market

    Again, naira crosses N700/$ mark at parallel market

The naira has continued its downward trend, falling to N702 per dollar at the parallel market on Monday. The figure represents N10 or 1.4 percent depreciation compared to the N692

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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 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 N1 or 0.2 percent depreciation compared to the N614 it traded

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Naira depreciates further to N614/$ at parallel market

  Naira depreciates further to N614/$ at parallel market

The Nigerian naira has dropped to N614 against the dollar at the parallel section of the foreign exchange market. The

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Naira drops 0.3% to trade N607/$ at parallel market

  Naira drops 0.3% to trade N607/$ at parallel market

The naira, on Tuesday, depreciated further against the dollar at the parallel segment of the foreign exchange (FX) market. Bureaux

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Naira hits N502/$1 at parallel market

  Naira hits N502/$1 at parallel market

The naira, on Friday, fell at the parallel market to N502 to the dollar as speculations continue to hamper forex

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