In the black market, the Nigerian naira lost N5 against the dollar, trading at N1,645/$1, down from N1,640 In the official window, the naira dropped even further against the US dollar on Wednesday, September 4, 2024. Data from the Nigerian…
The Naira appreciated marginally to N1480 against the dollar at the parallel foreign exchange market, also known as the black market, amid the Sallah holidays. Dayyabu Ashiru, a bureau de change operator at Wuse Zone 4 in Abuja, disclosed this…
The naira on Wednesday weakened against the dollar, losing 1.47 percent at the parallel market also, known as the black market. The local currency was quoted at N1,500 per dollar on Wednesday, a day after the Central Bank of Nigeria…
By Sodiq Adelakun The Naira, witnessed a significant boost as the dollar rate plummeted to N1,450 at the black market on Monday. This surge, marking a 2.07 percent increase, was attributed to speculators offloading hoarded foreign currency, resulting in a…
By Sodiq Adelakun The Euro has reached unprecedented heights against the Nigerian Naira, soaring to an exchange rate of N1,667.298 in the black market as of March 20, 2024. This surge underscores a remarkable 46 percent appreciation of the European…
By Sodiq Adelakun In a concerning development, the Nigerian naira on Tuesday has fallen to N1,010 per dollar on the black market, also known as the parallel segment of the foreign exchange market. This represents a 0.19 percent decline compared…
By Sodiq Adelakun Nigeria’s currency, the naira, has reached a record low exchange rate of N983/$1 at the black market, according to quotes received on Wednesday. This represents a 2.93 per cent drop compared to the previous day and a…
By Sodiq Adelakun In a concerning development for Nigeria’s economy, the naira, the country’s currency, weakened to an all-time low of N960 against the dollar on Monday. This represents a 0.52 per cent loss compared to the N955 per dollar…
By Sodiq Adelakun The naira plunged to a record low of N900/$1 on the parallel market on Tuesday, as demand for foreign currency outstripped supply. The peer-to-peer market, where cryptocurrency traders exchange forex, also saw the exchange rate soar above…
Despite adjusting their pump prices far above the new government’s price regime of N194 per litre, filling stations in Kaduna State are not dispensing petroleum products due to scarcity of supply, thereby creating hardship for motorists. The situation is forcing…
