With trading volumes increasing significantly, the widening gap between market rates raises questions about currency stability.
The Naira sold at around N1,202 against the greenback on the P2P market on Tuesday, while the official market remained closed to public holidays. The chronic...
For the second consecutive day, the naira slumped against the US dollar at both the official and parallel markets. The exchange rate between the Nigerian currency...
The naira seems not to be responding to the antidote administered to it by the Federal Government as the Nigerian currency continued its slump on...
In the P2P market, the Naira fell as low as N910 against the dollar on Wednesday morning before moderating to the N902/$ levels. Short...
The Dollar rate increased to N874.3/$1 at the parallel market on Monday as against the N832.9 to a Dollar it closed at on Friday....
The Association of Bureaux Des Change Operators of Nigeria (ABCON), says that the naira redesign policy of the CBN has fuelled the stability of the naira...
The demand for foreign exchange (FX) by the Investors and Exporters (I&E) market weakened the value of the Naira
The Naira on Friday weakened at the parallel market as it traded for N454 to $1 due to the high demand for the Dollar by foreign...
By Odunewu Segun The Naira, at the weekend depreciated against the dollar in the parallel market and in the Investors and Exchange (I&E) window. In a...
