TAG: PARALLEL MARKET

NIGERIA: Daily Parallel Market Exchange Rate (August 16, 2017)

NIGERIA: Daily Parallel Market Exchange Rate (August 16, 2017)

Parallel market exchange rate between the Naira and three of the world's major...


CBN Readmits These 3 Previously ‘Banned’ Banks Into The Forex Market

CBN Readmits These 3 Previously ‘Banned’ Banks Into The Forex Market

Welcome...


List Of Banks Banned From Participating In The SME Forex Window

List Of Banks Banned From Participating In The SME Forex Window

Good...



CBN Explains Why Multiple Exchange Rates Are Necessary

CBN Explains Why Multiple Exchange Rates Are Necessary

A plausible...


Emefiele – “We Have Firepower and Ammunition To Defend The Naira”

Emefiele – “We Have Firepower and Ammunition To Defend The Naira”

A new term in economics has been...


Analysts Explain Why The FX Window For Investors Will Fail

Analysts Explain Why The FX Window For Investors Will Fail

Who will be proved...


BDC President Explains Why Naira May Strengthen This Week

BDC President Explains Why Naira May Strengthen This Week

An optimistic...


Frustrated, Importers Reveal How CBN’s Forex Policy Is A Mess

Frustrated, Importers Reveal How CBN’s Forex Policy Is A Mess

Who can sort this...


Our Experience Buying Forex At N360/$1

Our Experience Buying Forex At N360/$1

Nairametrics| The Central Bank of Nigeria (CBN) has instructed that commercial banks sell the dollar to customers at no more than N360. They have also instructed...


Naira Revaluation: Analysts Explain Why You Should Not Get Carried Away

Naira Revaluation: Analysts Explain Why You Should Not Get Carried Away

CBN has always elicited varied...


CBN Revalues Dollar Rate for Invisibles to N357, Orders Banks to Retail At N360

CBN Revalues Dollar Rate for Invisibles to N357, Orders Banks to Retail At N360

Nairametrics| According to a tweet from the CBN, and a statement from its spokesperson Isaac Okorafor, the CBN will sell forex to banks at...


This Was The CBN Warning To Forex Speculators, Heard On Radio On Monday

This Was The CBN Warning To Forex Speculators, Heard On Radio On Monday

Is the CBN getting scared or just very...


This Investment Firm Believes The Dollar Is Worth N370

This Investment Firm Believes The Dollar Is Worth N370

Will they get their...


2 Goals BDCs Hope To Achieve With The New ‘Official’ Parallel Forex Rates

2 Goals BDCs Hope To Achieve With The New ‘Official’ Parallel Forex Rates

Is this really...


FG Plans To Eliminate Forex Black Market But Has Not Stated How

FG Plans To Eliminate Forex Black Market But Has Not Stated How

A tough...


CBN Has Pushed Its ‘Panic Button’ And As Usual, Its Not Working!!!

CBN Has Pushed Its ‘Panic Button’ And As Usual, Its Not Working!!!

We didn't expect it to work, did...


BDCs Say Banks Are To Blame For The Naira Losing N8 In A Day

BDCs Say Banks Are To Blame For The Naira Losing N8 In A Day

These are the reasons BDCs are blaming banks for the Naira's fall in...


Naira’s Woes At Forex Market Continues As It Slumps to N428/$1

Naira’s Woes At Forex Market Continues As It Slumps to N428/$1

The Naira continued its slump in the forex market as it depreciated against the three major currencies in all segments. At the interbank market,...


Charles Robertson: Is Nigeria the next Venezuela?

Charles Robertson: Is Nigeria the next Venezuela?

Charles Robertson analyzes the similarities and differences between the condition in Venezuela and Nigeria, highlighting challenges and prospects facing the Nigerian...


Onyema: Why CBN’s Floating of The Naira Has Failed To Attract Foreign Investors

Onyema: Why CBN’s Floating of The Naira Has Failed To Attract Foreign Investors

Since the CBN decided to float the Naira, the expected boom in investment has not occurred due to the following...


Why Long Queues At Filling Stations May Soon Re-appear

Why Long Queues At Filling Stations May Soon Re-appear

The $985 million debt of fuel importers, resulting from delayed payment from FG and plunging exchange rates, have caused suspension of supply by foreign...


NIGERIA: Parallel Market Exchange Rate (02/07/2016)

NIGERIA: Parallel Market Exchange Rate (02/07/2016)

The Naira gained against the...


NIGERIA: Parallel Market Exchange Rate (01/07/2016)

NIGERIA: Parallel Market Exchange Rate (01/07/2016)

The Dollar gained against the...


NIGERIA: Parallel Market Exchange Rate (29/6/2016)

NIGERIA: Parallel Market Exchange Rate (29/6/2016)

The Dollar gained against the...


NIGERIA: Parallel Market Exchange Rate Today (24/6/2016)

NIGERIA: Parallel Market Exchange Rate Today (24/6/2016)

The Naira gained against the...


NIGERIA: Parallel Market Exchange Rate Today (23/6/2016)

NIGERIA: Parallel Market Exchange Rate Today (23/6/2016)

The Naira gained against the...


Frequently Asked Questions: Nigeria’s New Exchange Rate Policy

Frequently Asked Questions: Nigeria’s New Exchange Rate Policy

Flexible Exchange Rate Policy; Frequently Asked Questions.   A new dawn in Nigeria’s exchange rate policy was ushered in on Monday June 20th by...


Weekly Roundup/Outlook: Market Cap Crosses N10 Trillion For The First Time Since November 2015

Weekly Roundup/Outlook: Market Cap Crosses N10 Trillion For The First Time Since November 2015

The Nigerian Stock Exchange was on steroids last week as stocks rallied on the back of the new flexible exchange rate policy. Investors decided...


DEVALUATION: This Was The Exchange Rate The Last Time Oil Price Was $50

DEVALUATION: This Was The Exchange Rate The Last Time Oil Price Was $50

The CBN has been accused of late of basically worsening Nigeria’s currency position as it refused to devalue when it probably should have about...


NIGERIA: Exchange Rate Today (8/6/2016)

NIGERIA: Exchange Rate Today (8/6/2016)

We saw a huge spike in the parallel market...