Tag: Parrallel Market
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Naira depreciates against dollar at parallel market
The Naira on Friday depreciated against the dollar at the parallel market in Lagos. The Nigerian currency lost one point to exchange at N363, weaker than N362 posted on Thursday, while the Pound Sterling and the Euro closed at N496 and N429, respectively. At the Bureau De Change segment, the naira closed at N361.50 to…
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Naira remains stable at parallel market, exchanges for N367/1$
The Naira on Wednesday remained stable at the parallel market, exchanging between N365 and N367 to the dollar. The Pound Sterling and the Euro traded at N476 and N436, respectively. At the Bureau De Change (BDC) window, the Naira was sold at N363 to the dollar, while the Pound Sterling and the Euro closed at…
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Naira appreciates against dollar at parallel market, exchanges for N388/$1
The Naira on Monday appreciated against the dollar and other currencies at the parallel market. The Nigerian currency gained three points to exchange at N388 to the dollar, stronger than N391 it traded on Friday, while the pound sterling and the Euro closed at N495 and N425. At the Bureau De Change (BDC) window, the…
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Naira depreciates against dollar, exchanges for N390/$1 at parallel market
The Naira on Thursday depreciated slightly against the dollar at the parallel market. The Nigerian currency lost two points to close at N390 to the dollar, while the Pound Sterling and the Euro traded at N495 and N415, respectively. At the Bureau De Change (BDC) window, the naira was sold at N362, while the Pound…
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Again, Naira exchanges for N500/1$ at parallel market
The Naira on Friday depreciated further to N500 to a dollar at the parallel market after it had remained stable for nearly three weeks. The Pound Sterling and the Euro traded at N616 and N530 respectively at the open market. The Nigerian currency, however, remained stable at the Bureau De Change (BDC) segment of the…
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Naira drops further against dollar at parallel market
The Naira on Friday depreciated further at the parallel market as dollar scarcity worsened. The Naira may be seeing its worst times as the CBN will be resuming dollar sales to Bureau De Change (BDC) operators next week. The Nigerian currency exchanged at N497 to a dollar at the parallel market, losing two points from…