The Naira is opening the week at N419.75 against the US Dollar at the Investors and Exporters (I&E) segment of the foreign market (forex). This is...
Naira clinched a meager gain against the U.S. dollar at the official market on Tuesday, after starting the week on a woeful note. Data from FMDQ...
Black market currency traders continue to profit from forex scarcity in the country as the gap between official and unofficial market exchange rates widen further. On...
A new trend is emerging on the black market, with traders looking for dollars expressing readiness to buy dollars for N600 if the prospective consumer has...
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said on Monday the black market was in comatose due to...
On Wednesday, the Nigerian currency gained significantly against the US dollar in the black market and stayed unchanged at the official market. Ripples Nigeria spoke to...
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...
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...
The Nigerian currency, naira has hit an all-time low after exchanging for N530/$ at the parallel market on Thursday. Data posted from Aboki FX in Thursday...
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...
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...
The Nigerian naira began the week with a slight gain against the US dollar in the official currency market, but fell on the black market. According...
Foreign investors in the U.K have been told by the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, to ignore the rising foreign exchange...
Out of seven countries surveyed, Nigeria recorded the highest dip in remittance flow in 2020, a new report by Agusto has shown. The industry researcher also...
Naira depreciated against the United States dollar on the black market on Thursday after the Central Bank of Nigeria (CBN) introduced of a new policy, prohibiting...
Nigeria’s official exchange rate cannot be controlled by the parallel market, where the local currency has depreciated to its lowest level in three months, Godwin Emefiele,...
Naira depreciated by 1.09% to N460 on the parallel market on Monday, days after President Muhammadu Buhari ordered the Central Bank of Nigeria (CBN) to halt...
Naira fell against the United States’ dollar on the parallel market on Wednesday, closing at N445, according to data from abokiFX, which collates rates from informal...
Naira appreciated against the United States dollar on Monday on the over-the-counter spot market used by investors and exporters as well as at the black market...
Naira inched higher against the United States dollar on Thursday at the over-the-counter spot market widely used by investors, closing at N388, 0.07% or 17 kobo...
The Nigerian Naira Tuesday plummeted to its weakest point since February 2017 at the parallel market amidst exacerbating dollar crunch induced by the central bank’s tightening...
Since the news broke on restriction of Forex for food importation, experts and the general public have reacted with divergent views. A category went left with...
The Nigerian currency, the naira, collapsed to an all-time low, exchanging for 400 per dollar at the parallel market on Friday. No official reason was adduced...
