The official market value of the naira dropped on Monday, the first trade day after the Central Bank of Nigeria vowed to halt the activity of...
Nigerian currency is starting the week on a good note at the official market just as the Central Bank of Nigeria (CBN) intensifies effort to reduce...
Nigerian currency sustained its free fall at the unofficial segment of the foreign exchange (FX) market on Thursday. This came as Nigerians feared the prices of...
[responsivevoice_button voice=”UK English Female” buttontext=”Listen to Post”] The Nigerian currency continues its free fall against the US dollar on the black market, as it exchanged at...
After hitting a 48-year low against the US dollar in the black market on Monday, Nigerian currency has started a new journey to another unwanted record....
The value of the Nigerian currency fell further at the black market on Monday, as traders who pay a premium to obtain foreign currencies from independent...
The Association of Bureau De Change Operators of Nigeria (ABCON) has offered to assist the Central Bank of Nigeria (CBN) in stopping the Naira’s depreciation. Alhaji...
The Naira began the week at N545 per dollar at the black market, a 3.1 percent depreciation from last Monday’s opening rate. The naira had opened...
Black market traders appear to have struck gold in recent days, taking advantage of the low liquidity on the foreign currency market as well as Nigerians...
On Wednesday, the Naira fell further on the parallel side of the foreign exchange (FX) market, as mounting pressure devalued the local currency by N3. Naira...
At the official Investors and Exporters window, the Naira gained 0.11 percent versus the US dollar on Tuesday, closing at N410.67/$1 compared to N411.13/$1 it closed...
More Nigerians flocked to the black market on Monday, allowing speculators to further weaken the Naira against foreign currencies. Nigerians see the black market as a...
After the latest trading session on Friday, the difference between the official and black market exchange rates for Naira to U.S dollars hit N118.50. This means...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
After consecutive devaluation, the Naira posted a gain against the US dollar at both the official and unofficial market windows of the forex market on Tuesday....
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The Nigerian currency again traded weaker against the U.S dollars at the unregulated segment of the foreign exchange (forex) as currency dealers continued to take advantage...
On Wednesday Naira weakened significantly against the U.S. dollar at the official market, but remained stable at the black market window. Data posted by FMDQ, where...
Nigerians who chose to use the black market on Tuesday due to easy access to foreign currency were forced to pay more than they did on...
The Naira again traded weaker against the US Dollar on Monday, losing 16 kobo or 0.04 per cent at the Investors and Exporters (I&E) window, the...
Nigeria’s currency is starting the new week weaker to the dollars, pounds and Euro at the unregulated exchange market, but hope of recovery is on the...
On Thursday, the value of the Nigerian naira fell further against the US dollar, British pound, and euro, as black marketers continued to take advantage of...
Nigeria’s currency traded weaker against foreign currencies on Wednesday at the black market. According to Abokifx data, after trading on Wednesday, the Naira lost 0.39 percent...
The Naira appreciated marginally against the U.S dollar at the official market (Nafex window) after two days of losses. Data posted on the FMDQ Security Exchange...
Following the news of plans to trade dollars online, the naira gained its highest against the dollar in the official market in almost a month. According...
The Central Bank of Nigeria (CBN) and the bankers committee have announced plans to digitalize the sale of foreign exchange, which will greatly simplify the cumbersome...
The Central Bank of Nigeria (CBN) liquidity push to commercial banks has failed to keep the demand pressure away as Naira falls to N515/$ in the...
The Naira to US Dollar exchange rate remained unchanged on Tuesday in both the parallel market and the Investors and Exporters (I&E) segments of the foreign...
The Naira remained stable against the US Dollar on Monday in all areas of the foreign exchange (forex) market. Data from FMDQ Securities Exchange showed the...
Street currency traders began the new week selling U.S dollars to their customers at N510 to a U.S dollar, check by Ripples Nigeria have shown. Last...
Black market speculators were again forced to count their losses as Naira appreciated against the U.S dollar to N506/$ Wednesday at the parallel market. Some of...
The Naira on Tuesday, again gained against the U.S dollar at the parrallel Market as it neared the level it was before the Central Bank of...
Speculations have been making the rounds that commercial banks intend to target domiciliary accounts of customers in order to have access to more foreign exchange. There...
Nigerian banks on Monday sold the U.S dollars at N412 to Nigerians, check by Ripples Nigeria has shown. While on the street, currency traders price the...
Nigerian manufacturers ran on increased production cost in the first half of the year, as foreign exchange challenges, epileptic power supply continue to batter their bottom-line...
Nigeria’s currency lost 2.18 percent of its value to the dollar this week on the parallel market known as the black market. Naira had begun the...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
After two days of pressure, the Naira appreciated against the United States Dollar at the segment of the parallel foreign exchange (FX) market on Thursday. The...
The Nigerian Naira is currently trading at its lowest rates to the dollars ever in the black market, less than 24 hours after Central Bank of...
On the black market on Monday, the naira climbed against the pound and euro, while the dollar exchange rate remained unchanged from the previous trading session....
It was mixed outing for the Naira on Thursday against the U.S dsollars, following two-day Sallah holiday. While the Naira gained to the dollars at official...
Nigeria’s currency on Monday lost 0.31 percent to the dollar at the official market. According to data from FMDQ securities Nigerian currency exchanged at N411.67k /1$...
Nigeria’s currency, the naira is beginning the new week 0.20 percent weaker than it did last week in the parallel market segment. According to statistics uploaded...
On Wednesday’s official market, the naira rose slightly versus the US dollar to close at N411.22/$1. Data posted on the FMDQ Security Exchange where forex is...
Despite the Central Bank of Nigeria (CBN) injecting at least $210 million into the foreign currency market last week, the Nigerian Naira closed in the red...
On Thursday, the Nigerian currency gained against the US Dollar in the foreign currency (FX) market’s Investors and Exporters (I&E) window. Data from FMDQ securities shows...
Holders of refining licenses in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill (PIB) passed by the...
The Naira opened the first trading day of the week strong to the U.S dollar on Monday at the official foreign exchange market. Data published on...
The Federal Government has explained why the Nigerian currency was devalued again, the third time in just a year. According to Zainab Ahmed, Minister of Finance,...
The Naira is likely to rebound from its loss this week, as the Central Bank of Nigeria (CBN) is expected to inject funds into the exchange...
