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Forex, NIGERIA: Daily Parallel Market, Exchange Rate

Daily Parallel Market Exchange Rate – ₦475/$1

by Adeyemi Adebayo

February 5, 2021

The US dollar stands at ₦470/US$1 in the parallel market

Best performing global financial assets in the last 7 days, Many Nigerians are trooping into foreign stocks, Foreign Investors Ignore Nigerian Stocks rally, Global stocks become blockbusters, optimism rises for COVID-19 cure

Best performing global financial assets in the last 7 days

by Olumide Adesina

October 6, 2020

Here's an insight into the top-performing financial assets around the world.

The US dollar remains king, U.S dollar gains against major currencies, America threatens China with sanctions., U.S dollar slumps against major currencies, investors become optimistic about global demand, U.S Dollar Stands Firm, Foreign Exchange Traders Remain Neutral

U.S dollar posts best monthly gains in 14 months

by Olumide Adesina

October 2, 2020

The US dollar index was up 0.23% to trade at 93.977 earlier on Friday.

IMF calls crypto "special currency" and educates the public, Crypto: Why investors are rushing to DeFi assets, total market capitalization of cryptocurrencies, Crypto, Whales move 100,000,000 Tether, USDT in less than 24 hours

IMF calls crypto “special currency” and educates the public

by Olumide Adesina

August 26, 2020

The IMF tweeted the video giving vital details on what cryptocurrency is.

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira forwards hit record high as local currency crashes to N420/dollar in the parallel market

by Chike Olisah

As events in the oil market fallout, the US dollar hit a record high against the Naira in the non-deliverable ...

FG moves to capture 80% of Nigerians in formal financial services sector, Massive depreciation of the Naira as investors get jittery, Naira’s one-year currency forward falls to N515

Defending the naira at a cost

by Olumide Adesina

President Muhammadu Buhari has made currency stability a key pillar of his plan to revive an economy still reeling from ...

Emmanuel Macron

West Africa’s monetary union changes CFA franc to Eco

by Abiola Odutola

December 23, 2019

All former French Colonies in West Africa, except Guinea Bissau, have agreed with France to rename its CFA franc to ...

Central Bank of Nigeria, Foreign exchange market, Naira vs dollas, IMF, Foreign Reserves, External reserves, CBN, Why do we all love the dollar?

Nigeria’s currency stability persists at the expense of external reserves

by Op-Ed Contributor

The reserves, which stood at $47.79 billion as at July 5, dropped to $45.23 billion as at September 13.