Exchange rate appreciates to N815.32/$1 at the official market
The Nigerian naira appreciated against the dollar on Tuesday, 31 October 2023, closing at N815.32/$1 at the official market.
Tag: Black Market
News and analysis about black market
Black market welcomes Cardoso with N960/$1, P2P now N970/$1
The exchange rate between the naira and the dollar fell to a record low of N960/$1 on Monday, the first ...
Naira crashes to N775/$ days after CBN announced new naira notes
The plunge was attributed to a spike in dollar demands prompted by CBN’s plan to redesign the naira
Naira falls big to N740/$1 on black market
The exchange rate has maintained a downward trend, following the move by the apex bank to raise the interest rate ...
Again, Naira falls to N705/$ at black market
The Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once again.
EFCC battles black market to boost naira, local currency gains N60 to $1 within a week
After the nation's anti-graft agents raided currency operators in Lagos and Abuja, the naira recovered from a record low against ...
Naira falls to N700/$1 at black market
The exchange rate between the naira and the US dollar has fallen beyond the N700/$1 threshold at the parallel market ...
The operators that determine Nigeria’s black market exchange rate
The exchange rate at the parallel market is determined by several powerful forces.
The high costs of buying dollars at Nigeria’s black market
The underground market exposes several Nigerian citizens to a number of drawbacks, including fraud risk, violence, and theft arbitrarily.
Naira gets stronger as traders record $9.5 billion turnover at official forex window since September
The Investor and Exporter Window where forex is sold officially has recorded a cumulative turnover of $9.5 billion over the ...
