The Nigerian Naira experienced a depreciation in the parallel market, dropping to N1,410 per dollar from N1,395 per dollar last …
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CBN Slashes BDC Exchange Rate to N1,036.3/$: Latest Round of Discounted Dollar Sales to BDCs
To stabilize the Nigerian economy and address the distortion in the retail segment of the foreign exchange (forex) market, the …
Read More »Naira to Continue Appreciating Against Dollar, Says Vice-President Shettima
Vice-President Kashim Shettima has expressed optimism about the performance of the Naira against the Dollar in the forex market, stating …
Read More »Naira’s Fluctuating Fortunes: Parallel Market Sees Appreciation to N1,060/$ as NAFEM Depreciates to N1,154.08/$
Nigeria’s currency, the Naira, experienced a significant swing in its exchange rates across different markets yesterday. While the parallel market …
Read More »Naira Gains Against Dollar as BDCs Buy at N980/$
The Association of Bureau De Change Operators of Nigeria (ABCON) has announced that Bureau De Change (BDC) operators are now …
Read More »Naira Plummets to N1,100 per Dollar in Parallel Market Amidst NAFEM Depreciation
The Nigerian Naira experienced a significant depreciation in both the parallel market and the Nigerian Foreign Exchange Market (NAFEM) on …
Read More »Naira Surges to N1,000 per Dollar at Parallel Market; Goldman Sachs Predicts Further Appreciation
The Nigerian Naira has continued its upward trend, reaching a new milestone of N1,000 per US dollar at the parallel …
Read More »Naira Appreciates to N1,200/Dollar as CBN Sells $10,000 to BDCs
The Nigerian currency, the naira, has appreciated against the dollar, reaching a new rate of N1,200/dollar in the parallel market. …
Read More »Governor Sani: No Borrowing Despite $587 Million, N85 Billion Debts in Kaduna State
Governor Uba Sani revealed that despite inheriting a massive debt of $587 million, N85 billion, and 115 contractual liabilities from …
Read More »Petroleum Marketers Deny Pump Price Adjustment Despite Exchange Rate Improvement
Petroleum product marketers and other operators in the downstream sector have denied rumors of a downward adjustment in the pump …
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