Tag: Parallel Market
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Naira slightly depreciates in parallel market
The Naira experienced a slight depreciation Wednesday, slipping to N1,740 per dollar in the parallel market compared to its previous rate of N1,735 per dollar on Tuesday. According to data from FMDQ, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market (NAFEM) strengthened, rising to N1,645.4 per dollar from Tuesday’s rate of N1,689.88…
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Naira falls to 1,233/$ at parallel market
The Nigerian currency, the Naira again fell to 1,233/$ on Monday at the parallel market, according to Bureau de Change operators in Lagos. Some BDC operators made this known while speaking to newsmen on Monday, they said, the local currency which was bought and sold at 1,228/$ and 1,233/$ had traded at the same rate…
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Naira falls again to N1,150/$1 at parallel market
The Naira on Wednesday depreciated against the US dollar at the foreign exchange market for the second time running. Official data from FMDQ showed that the country’s currency depreciated to N840.53 against the dollar at the close of work on Wednesday compared to N830.97 the previous day.
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Naira appreciates slightly against dollar
The naira within a span of hours appreciated by N166 to the dollar at the parallel market on Friday as currency traders review their mode of operations. The naira peaked at N1279/$ on Thursday evening but settled at N1113/$ before close of work on Friday night.
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Naira crashes to record low at parallel market as dollar supply dries up
The Nigerian naira plunged to a record low on the parallel market as dollar shortages continued to put pressure on the currency.
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Naira slumps again, depreciates to N890/$ at parallel market
Few days after recording some gains, naira appears to have resumed free fall jumping to N900/$ at the parallel market. TheNewsGuru.com reports that the local currency recorded some gains after President Bola Tinubu met with the Central Bank of Nigeria (CBN) leadership last two weeks to discuss how to save the currency from debauchery. The…
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Dollar Jumps to 600naira at Parallel market, external reserves falling
The naira exchanged at 600 to a dollar on Monday at the parallel market, increasing fears of further degradation of the country’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25.
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Naira value falls to N473 against Dollar at parallel market
The naira suffered further setback at the parallel market and Investors and Exporters forex window on Tuesday. According to figures obtained from Bureau De Change operators, the naira exchanged to the dollar for 473/$ at the parallel market. It had earlier gained in recent times after it closed the year 2020 at 467/$. At the…
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Naira gains against dollar at parallel market
The Naira on Friday firmed up against the dollar at the parallel market, gaining 20 kobo to exchange at N359 to the dollar, the News Agency of Nigeria (NAN) reports. The Nigerian currency traded at N359.20 at the market on Thursday, while the Pound Sterling and the Euro closed at N485 and N417, respectively. Trading…