Naira Continues to Fall at the Official Market to N1,534, Closes Higher than Parallel Market at N1,500/$1
The naira yesterday continued to slide at the the Nigerian Autonomous Foreign Exchange (NAFEM) against the US dollar closing the…
Tag: Naira
FG Shoots Down Report of Plans to Convert $30bn Domiciliary Accounts to Naira
*Allegation aims to trigger panic in foreign exchange market, says CBN *FG determined to stabilise forex, ease living cost, Idris…
Naira Reached New Low on Parallel Market to N1420/$1, Slides at Official Market
The Naira reached an unprecedented low yesterday of N1,420 marking a 4.03 per cent or N55 decline compared to Wednesday’s…
Concerns Mount over Naira’s Free Fall Against US Dollar
There was growing frustration over the continued depreciation of the naira against the dollar at the weekend, with the local…
Naira drops to N956/$ as dollar supply falls by 46%
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined…
Naira Stable, Closes at N1000/$ on Parallel Market, Depreciates Marginally to N808/$ on I&E
The naira remained stable against the dollar on the parallel market where it exchanged at N1000 yesterday, same amount it…
Naira crashes to 1,030/$ as speculators react
The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing…
Naira Continues Recovery, Strengthens to N950/$ at Parallel Market
*Traders with dollars acquired at very high rates incur heavy losses The Naira continued its rebound against the United…
Naira Weakens to N1,100 on Parallel Market as Dollar Supply Shrinks
The naira sustained its slide against the United States dollar yesterday, as it weakened to an all-time low on the…
Naira Falls Further to N995/$ on Parallel Mkt, Edun Blames $6.8bn Backlog for Currency’s Woes
The naira declined further on the parallel market arm of the foreign exchange (FX) market to N995 to a dollar,…