The new foreign exchange regime is failing to bridge the gap between parallel and interbank market rates of the naira to foreign currencies, TheCable can report. At the introduction of
Tag "pound"
The British pound has become the worst performing major currency of 2016, sinking to a 31-year low after Brexit vote. On June 23, the UK voted to exit the European
The naira is currently trading at 364 to the British pound but Nigerians can barely buy or sell. The local currency, which traded at 376 to the pound on Monday,
Stock markets were placed on a messy roller coaster ride during trading this week as the ongoing Brexit anxieties and persistent concerns over the global economy weighed on investor sentiment.
While the Pound/Dollar is currently trying to move back towards 1.30, the pair has experienced a really rough previous 24
The naira on Friday continued to lose steam against the dollar at the parallel market, in spite of the new
Deposit money banks (DMBs) are still charging their customers parallel market rates for foreign exchange transactions done via the bank’s
The Nigerian parallel market is perhaps the only market in the world to be unperturbed by all the drama in
The British pound fell to a 31-year low on Friday, its lowest since 1985, as the United Kingdom (UK) voted
The Sterling was catapulted onto an unpredictable path during trading this month as the intensifying Brexit debate heightened currency sensitivity
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