TAG: PARALLEL MARKET


NIGERIA: Daily Parallel Market Exchange Rate (April 29, 2017)

Parallel market exchange rate between the Naira and three of the world's major...






Our Experience Buying Forex At N360/$1

Nairametrics| The Central Bank of Nigeria (CBN) has instructed that commercial banks sell the dollar to customers at no more...



CBN Revalues Dollar Rate for Invisibles to N357, Orders Banks to Retail At N360

Nairametrics| According to a tweet from the CBN, and a statement from its spokesperson Isaac Okorafor, the CBN will...








Naira’s Woes At Forex Market Continues As It Slumps to N428/$1

The Naira continued its slump in the forex market as it depreciated against the three major currencies in all...


Charles Robertson: Is Nigeria the next Venezuela?

Charles Robertson analyzes the similarities and differences between the condition in Venezuela and Nigeria, highlighting challenges and prospects facing...


Onyema: Why CBN’s Floating of The Naira Has Failed To Attract Foreign Investors

Since the CBN decided to float the Naira, the expected boom in investment has not occurred due to the...


Why Long Queues At Filling Stations May Soon Re-appear

The $985 million debt of fuel importers, resulting from delayed payment from FG and plunging exchange rates, have caused...