Currencies
Nigeria's daily parallel market exchange rate tracker
World Bank puts pressure on Nigeria for more forex reforms to aid recovery
The multilateral bank urged Nigeria's apex bank to ease the pressure on the country's FX market.
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Naira falls big across all forex market despite another $50 million allocation to BDCs
The Naira depreciated against the dollar to close at N455/$1 on Thursday at the black market.
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Naira depreciates at black market as BDCs expect another forex allocation from CBN
Even though there was a little appreciation in the NAFEX window, the Naira depreciated at the black market.
Read moreDetailsExchange rate is weakened at NAFEX window as drop in dollar supply continues
The opening indicative rate was N386.48 to a dollar on Tuesday.
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Investors rushing to U.S dollar, as Gold, Bitcoin prices plunge
Gold futures prices were down 0.60%, Bitcoin dropped 0.5% to trade at $10,060 price level.
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Naira falls at black market despite CBN’s sales of over $50 million to BDCs
At the black market where forex is traded unofficially, the Naira depreciated against the dollar.
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Naira gains at NAFEX window as CBN block accounts of some firms for forex abuse
The Naira appreciated marginally against the dollar at the I&E window on Friday.
Read moreDetailsUS dollar post gains on positive signs seen in US economy
US dollar index that is used to track the U.S dollar against major global currencies, was up 0.20%
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Leaked memo: CBN instructs banks to block bank account of 38 companies for “forex abuse”
The CBN did not state why the accounts were flagged but sources inform Nairametrics that it is due to suspicion...
Read moreDetailsFX Turnover spikes 140% at NAFEX market as CBN moves to clear backlog of demand
The Naira depreciated marginally against the dollar at the I&E window on Thursday.
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