The recent move by the Central Bank of Nigeria (CBN) to clear the FX backlog owed to Foreign Portfolios Investors is viewed as a move that...
The exchange rate between the naira and dollar fell to the lowest level ever on NAFEM where forex is sold officially, representing a massive 20.5% depreciation...
The Nigerian currency, the naira continued its free fall on Thursday as it weakened in the parallel market closing at N1,175 per dollar. It would...
In the early hours of Tuesday, the naira was trading at N1,040/$ in the P2P market and $1,050/$ in the black market. At the spot market...
The naira on Tuesday sank to an all time low in the foreign exchange market, trading at N1,000 to 1US$ at the parallel market. Though, the...
The gap between the Naira and Dollar has continued to widen at both the official and black markets, hitting N219 as at Monday, September...
Naira dropped to N960/$1 on Monday at the parallel market, and also to N970/$1 in the burgeoning peer-to-peer market where exchange rates are often set...
FMDQ Exchange reported that the exchange rate between the Naira and the dollar rate depreciated to N736.62/$1 on Thursday after activities came to a close in...
The United States Dollar (USD) was offered to clients of authorised dealers at a rate of N771.59/$1 at the end of trading in the...
The exchange rate between the naira and the United States Dollar (USD) closed at N738.18/$1 in the Investors’ and Exporters’ window on Wednesday. In...
