Thursday, June 30, 2022
MARKET UPDATE
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Tag "Naira to dollar rate"

Naira depreciates further, exchanges for N572/$1 at parallel market

    Naira depreciates further, exchanges for N572/$1 at parallel market

The Nigerian naira traded at N572 per dollar on Monday at the parallel section of the foreign exchange market. The figure is higher by N2 or 0.4 percent from the

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Agusto: CBN should reduce FX pressure by resuming dollar sales to BDCs

    Agusto: CBN should reduce FX pressure by resuming dollar sales to BDCs

Agusto & Co, a credit rating agency, says the Central Bank of Nigeria (CBN) should resume dollar sales to Bureau De Change (BDC) operators to halt forex pressure at the

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Naira depreciates as banks shift BTA/PTA rates to N419 per dollar

    Naira depreciates as banks shift BTA/PTA rates to N419 per dollar

The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel allowance (BTA) rates from N413 to N419 per dollar. PTA

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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

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Naira falls by 2.8% to N545/$1 at parallel market

  Naira falls by 2.8% to N545/$1 at parallel market

The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change

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CBN removes N379/$1 from website, adopts I&E window rate

  CBN removes N379/$1 from website, adopts I&E window rate

The Central Bank of Nigeria (CBN) has removed the official exchange rate of N379 to a dollar from its website.

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