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 ...
Tag: Black Market
News and analysis about black market
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 $9.5 billion over the ...
Why AbokiFX is being investigated for “Economic Sabotage”
...Company is said to be owned by one man with multiple bank accounts… Information reaching Nairametrics confirms owner of online ...
Naira hits a new record of N530/$ at black market as demand pressure worsens
Thursday, 2nd September 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the Investors and Exporters window, ...
Black market speculators lose money as Naira gains 248 basis points in 7 days
Foreign exchange traders in Nigeria's currency black market, who have engaged in aggressive 'stocking' of dollars at a premium in ...
Naira falls to N525/$1 at black market as dollar scarcity hits BDCs
The exchange between the naira and the US dollar has dropped to as low as N525/$1 at the black market ...
Naira remains flat at forex markets as bitcoin rebounds, up by over 7%
The naira remained stable at the parallel market to close at N485/$1 on Monday.
