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The Nigerian Naira has continued to depreciate, with the exchange rate falling to N1,435 per dollar in the parallel market …
Read More »Naira Depreciates Further as Dollar Sales to BDCs Wobble: Speculation and Hoarding Reemerge
Tag Archives: NAFEM
Naira Depreciates to N1,410/$ in Parallel Market, Appreciates in NAFEM to N1,354.21/$
The Nigerian Naira experienced a depreciation in the parallel market, dropping to N1,410 per dollar from N1,395 per dollar last …
Read More »CBN Raises Customs Duty Rate by 11.1% as Naira Loses 12%
The Central Bank of Nigeria (CBN) has increased the exchange rate for paying Customs duties at the nation’s seaports by …
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 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 N1400/$ at Parallel Market Amidst Strengthening Economy
Nigeria’s currency, the Naira, has experienced a significant strengthening against the US dollar at the parallel market. The exchange rate …
Read More »Naira Appreciates Further Against Dollar in Official and Parallel Markets
The Nigerian Naira continued to strengthen against the dollar at both the official and parallel markets on Tuesday, March 20, …
Read More »CBN Revokes 4,173 BDC Licenses: A Closer Look at Regulatory Breaches and Implications
The Central Bank of Nigeria (CBN) recently announced the revocation of operating licenses of 4,173 Bureaux De Change (BDCs) operators …
Read More »BDCs to Sell US Dollars at N1,314.01/US$ as CBN Mandates New Forex Policy
The Central Bank of Nigeria (CBN) has taken a decisive step to bridge the gap in the official and unofficial …
Read More »Naira’s Value Plummets in Black Market Despite Government Crackdown
The Nigerian Naira has continued to decline in value against the US Dollar in the parallel market, despite the federal …
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