Tuesday, April 30, 2024
MARKET UPDATE
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TheCable

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Tag "naira exchange rate"

Naira tumbles to N435/$1 at official market as CBN adjusts forex rate

    Naira tumbles to N435/$1 at official market as CBN adjusts forex rate

Nigerian naira tumbled to N435 against the dollar at the official market on Friday. This is coming as the Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its

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Naira drops to N570/$1 at parallel market amid high FX demand

    Naira drops to N570/$1 at parallel market amid high FX demand

Nigerian naira weakened against the dollar at the parallel market to trade at N570 amid demand for the currency during the yuletide season. This is a drop of N5 or

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Naira gains, exchanges for N565/$1 at parallel market

    Naira gains, exchanges for N565/$1 at parallel market

The Nigerian naira gained marginally against the US dollar at the parallel market to trade at N565 per dollar. This figure is N5 or 0.9 percent higher than the N570

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Ahead of yuletide, naira weakens to 570/$1 at parallel market

    Ahead of yuletide, naira weakens to 570/$1 at parallel market

The Nigerian naira has weakened to N570 per dollar at the parallel market ahead of yuletide. Black market traders in Lagos who spoke to TheCable on Friday put the buying

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