TAG: PARALLEL MARKET

NIGERIA: Daily Parallel Market Exchange Rate (Jan 17, 2017)

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






BDCs Say Banks Are To Blame For The Naira Losing N8 In A Day

These are the reasons BDCs are blaming banks for the Naira's fall in...


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...







Frequently Asked Questions: Nigeria’s New Exchange Rate Policy

Flexible Exchange Rate Policy; Frequently Asked Questions.   A new dawn in Nigeria’s exchange rate policy was ushered in...


Weekly Roundup/Outlook: Market Cap Crosses N10 Trillion For The First Time Since November 2015

The Nigerian Stock Exchange was on steroids last week as stocks rallied on the back of the new flexible...


DEVALUATION: This Was The Exchange Rate The Last Time Oil Price Was $50

The CBN has been accused of late of basically worsening Nigeria’s currency position as it refused to devalue when...



[BOOM] Naira Depreciates To N321 Against Dollar

The exchange rate on the parallel market took its biggest hit today, after the Naira traded at an all...


Need Forex? These Options Are Cheaper and Better Than Black Market

A friend was going traveling out of the country for the Xmas holiday with his family. It is a...