Tuesday, March 21, 2023
MARKET UPDATE
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Tag "naira/dollar"

Amid FX scarcity, naira trades N587 per dollar at parallel market

    Amid FX scarcity, naira trades N587 per dollar at parallel market

Nigeria’s official currency, the naira, has maintained stability against the US dollar at the parallel market for the past week. The development comes amid the lingering forex scarcity in the

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Naira sinks to N587/$1 at parallel market as forex scarcity persists

    Naira sinks to N587/$1 at parallel market as forex scarcity persists

Nigerian naira weakened to N587 per dollar at the parallel section of the foreign exchange (FX) market. The drop is N2 or 0.3 percent from the N585 it traded last week as

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Naira falls to N585 per dollar at parallel market

    Naira falls to N585 per dollar at parallel market

Nigerian naira has dropped to N585 against the dollar at the parallel section of the foreign exchange market. The figure represents N4 or 0.7 percent depreciation compared to the N581 it

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Naira continues free fall, weakens 0.9% to N577/$1 at parallel market

    Naira continues free fall, weakens 0.9% to N577/$1 at parallel market

The Nigerian naira has weakened to N577 per dollar at the parallel section of the foreign exchange market. This represents N5 or 0.9 percent depreciation compared to the N572 it

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