Tag: naira falls
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Nigeria’s Naira hits all-time low, exchanges for N530/$ at parallel market
The Nigerian currency, naira has hit an all-time low after exchanging for N530/$ at the parallel market on Thursday. Data posted on Aboki FX in Thursday evening showed that Naira is exchanging for N530/$ from the previous N528/$. There has been a steady pressure in the foreign exchange market in the last one week as…
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JUST IN: Naira falls to N522 after CBN bans forex sales to BDCs
Naira fell marginally against the U.S dollar at the parallel market on Wednesday, after the Central Bank of Nigeria (CBN) announced that it has ended the sales of forex to Bureau De Change operators. Data recorded on abokiFX.com, a website that collates the parallel market rates in Lagos, showed that naira traded at N522.00 per…