Exchange rate crashes to N983/$1 as forex traders say there is no dollar to sell
The exchange rate between the naira and the dollar plunged to a record low N983/$1 at the black market based ...
Tag: parallel market
News and stories about parallel market
Exchange rate plunges further to N930/$1 as dollar scarcity worsensÂ
The naira plummeted to another record low of N930/$1 at the parallel market on Thursday, August 10, 2023, as the ...
Updated: Tracker of CBN’s monetary policy announcements since 2020
In this tracker, Nairametrics collates a timeline of CBN monetary policies since 2020 when the exchange rate between the naira ...
FX scarcity continues to bite hard in Nigeria
Though the exchange rate at the I&E window has remained stable, there has been considerable depreciation at the parallel market.
ABCON gives reasons for widening exchange rate disparity, increasing parallel market activities
The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension ...
Naira falls to N575/$1 at black market, weakens against Euro and Pounds
Naira depreciated against the US dollar from N570 to a dollar on Wednesday to trade at N575/$1.
Official NAFEX Exchange rate closes at N435/$1 in 2021, devalues by 6.03% YoY
The Exchange rate between the naira and the US dollar dropped significantly by 6.03% in the year 2021 to close ...
Exchange rate appreciates at forex market despite significant decrease in dollar supply
Nigeria's external reserve continues to plunge, as it heads to its lowest position in four years and a year-to-date decline ...
Exchange rate falls at forex markets despite boost in dollar liquidity
The naira depreciated at the parallel market to close at N505/$1 on Tuesday as against N502/$1 recorded on Monday.
Naira gains at official window as oil price tops $73 per barrel
Naira appreciated against the US dollar on Friday, 11th June 2021 to close at N410.80 to a dollar.
