Tuesday, December 7, 2021
MARKET UPDATE

TheCable

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Tag "Naira vs Dollar"

Naira gains 3.6% to trade N540/$1 at parallel market

    Naira gains 3.6% to trade N540/$1 at parallel market

The Nigerian naira has appreciated by 3.6% to N540/$1 at the parallel market — almost four months after the Central Bank of Nigeria (CBN) stopped FX sales to Bureaux De

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Naira trades N575/$1 at parallel market as abokiFX clears forex information

    Naira trades N575/$1 at parallel market as abokiFX clears forex information

Bureaux De Change operators (BDCs), popularly known as ‘abokis’, on Monday quoted naira at N575 to the dollar at the street market. Checks by TheCable showed that the naira currently

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‘Let’s see if abokiFX shutdown will make $1/N1’ — Twitter users taunt CBN

    ‘Let’s see if abokiFX shutdown will make $1/N1’ — Twitter users taunt CBN

Nigerians have taunted the Central Bank of Nigeria (CBN) for accusing abokiFX as responsible for the sliding of naira against dollar at the parallel market. abokifx is a web platform

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Sources: CBN investigating Oniwinde Adedotun, abokiFX founder, for ‘illegal’ forex trading

    Sources: CBN investigating Oniwinde Adedotun, abokiFX founder, for ‘illegal’ forex trading

The Central Bank of Nigeria (CBN) is investigating Oniwinde Adedotun, the founder of abokiFX, TheCable has learnt. Sources within the apex bank told TheCable on Thursday night that Adedotun and

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Naira falls to N525/$1 at parallel market as CBN stops forex sale to BDCs (updated)

  Naira falls to N525/$1 at parallel market as CBN stops forex sale to BDCs (updated)

The naira has dropped to N525 to a dollar at the parallel market as the Central Bank of Nigeria (CBN)

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