currency Archives | Nairametrics

Forex, NIGERIA: Daily Parallel Market, Exchange Rate

Currencies2 days ago

Daily Parallel Market exchange rate – ₦486/$1

The US dollar closed at ₦486/US$1 in the parallel market

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

Business News4 months ago

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

As events in the oil market fallout, the US dollar hit a record high against the Naira in the non-deliverable forward's markets on Tuesday, April 21,...

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

Economy & Politics5 months ago

Defending the naira at a cost

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