parallel market
-
![Today's Naira Rate [07-05-2024]: Naira Slips to N1,415/$ in Parallel Market Amid Economic Uncertainties](/data/attachments/203/203712-147ab142f8cf48479284e57b3d23fc38.jpg)
Nigeria Today's Naira Rate [07-05-2024]: Naira Slips to N1,415/$ in Parallel Market Amid Economic Uncertainties
Amid economic uncertainties, the Nigerian Naira has depreciated to N1,415 per dollar in the parallel market, while in the Nigerian Foreign Exchange Market (NAFEM), it stands at N1,416.57. This decline reflects ongoing challenges in the economy, impacting exchange rate stability and financial... -
![Today's Naira Rate [05-05-2024]: Naira Weakens to 1,430 Against USD as Demand for Foreign Currency Skyrockets](/data/attachments/203/203661-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [05-05-2024]: Naira Weakens to 1,430 Against USD as Demand for Foreign Currency Skyrockets
Amidst rising demand for foreign currency, the Nigerian Naira depreciates to 1,430 against the US dollar on the parallel market, signifying a 5.49% decline. Factors driving this include increased demand for travel and education. Analysts anticipate stability within the current band. Explore the... -
![Today's Naira Rate [04-05-2024]:Naira Holds Steady at 1,380 Against Dollar Amid Currency Market Turmoil](/data/attachments/203/203601-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [04-05-2024]:Naira Holds Steady at 1,380 Against Dollar Amid Currency Market Turmoil
Amidst mounting demand and scarcity, the naira holds firm at N1380/$1 in Nigeria's parallel market. Traders report high demand driven by individuals and importers, maintaining a flat rate amidst fluctuating currency values. Concerns rise over the impact of dollar shortages on the country's... -
Nigeria Naira Appreciates by 8.57% Against Dollar, Hits N1280/$1 at Parallel Market
Amidst fluctuations in Nigeria's foreign exchange market, the Naira has displayed a remarkable recovery against the US dollar, appreciating to N1280/$1 in the parallel market. This surge, representing an 8.57% gain from the previous day's N1,400, has left currency traders cautiously optimistic... -
Nigeria Nigeria Customs Service: Cargo Clearance FX Rate Plunges Below Market Prices
Recent updates from the Nigeria Customs Service (NCS) reveal a surprising development in the foreign exchange market, as the exchange rate for cargo clearance has dropped to N1,164.84/$, falling below both official and parallel market rates. This significant shift, reported by Nairametrics... -
![Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar](/data/attachments/203/203376-fac0fa1defd2c5f3b205505ee482c7dc.jpg)
Nigeria Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar
The Nigerian Naira experienced a significant rebound in the parallel market, appreciating to 1,280 Naira per US dollar. This unexpected surge marked a notable recovery for the currency, which had faced recent depreciation challenges. The rebound comes amidst ongoing fluctuations in the foreign... -
Nigeria Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar
Amidst ongoing economic uncertainties, the Nigerian Naira witnessed another downturn on Tuesday, depreciating at the official market to trade at N1,300.15 against the US dollar. Data sourced from the official trading platform of the FMDQ Exchange, responsible for overseeing the Nigerian... -
![Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market](/data/attachments/203/203165-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market
The Nigerian Naira faced further devaluation on Wednesday, reaching a record low of N1,260 against the US dollar in the parallel foreign exchange market. This marks a significant 2.44 percent decline from the N1,230 exchange rate recorded just days prior on April 19. At the official window... -
Nigeria Nigerian Naira Shows Resilience, Rises to N1,120 Against Dollar in Par
The Nigerian Naira exhibited a remarkable appreciation against the United States Dollar on Monday, with significant gains observed in both the parallel market and the official foreign exchange (FX) window. This currency shift has drawn attention from investors, economists, and policymakers... -
Nigeria Currency Traders Cheer as Naira Strengthens to N1,250 Per Dollar
The Nigerian naira saw an appreciation to N1,250 per dollar in the parallel foreign exchange market on Monday, marking a 0.43 percent increase from the N1,280 recorded on March 29. Bureau de Change operators in Lagos quoted the buying rate of the dollar at N1,230 and the selling price at... -
Nigeria Nigeria's Naira Jumps to N1,280/$ at Parallel Market: Traders React
The Nigerian Naira witnessed a remarkable appreciation, reaching N1,280 per dollar at the parallel segment of the foreign exchange market. This surge, marking a 5.19 percent increase from the previous rate of N1,350/$ on March 27, has left currency traders in Lagos, commonly known as bureau de... -
Nigeria Currency Strengthens: Naira Hits N1400/$1 in Parallel Market as Demand Slows
In the parallel market, operators are quoting a buy price of N1400/$1 for individuals selling dollars, marking a notable strengthening of the naira. Recent checks by Nairametrics reveal that the exchange rate has been on the rise as speculators begin offloading their stockpiles of dollars due to... -
Nigeria Central Bank Faces Criticism as Naira Loses Ground, Now at N1,620/$
In a concerning economic development, the Naira faced a 1.25 percent depreciation against the US Dollar, reaching N1,620/$ at the parallel market on Monday. This marks a N20 decline from its trading rate of N1,600 on March 1, 2024. Bureau de Change (BDC) operators in Lagos quoted buying rates at... -
Nigeria Naira Drops to N1,250/$ in Parallel Market, Raising Economic Concerns
In a concerning economic development, the Naira witnessed a significant depreciation to N1,250 per dollar in the parallel market, marking a notable drop from N1,240 per dollar over the weekend. Concurrently, the Nigerian Foreign Exchange Market (NAFEM) recorded a similar trend as the naira... -
Nigeria Nigerian Exchange Rate Opens at N1,210/$1 Amidst Supply Constraints
The exchange rate between the Nigerian naira and the United States dollar opened the trading week with a lot of chatter in the financial circles. As Nairametrics reported, the rate began at N1,200/$1 on peer-to-peer (P2P) platforms, setting the tone for an eventful week. However, as noon... -
P
Business Naira Crashes to 470 Per Dollar At Parallel Market
The Nigerian naira on Thursday midday trading crashed to 470 per dollar at the parallel market as liquidity issue persists in the forex market. The currency declined by 3 points from N467 overnight market to N470 on Thursday afternoon. It remained steady at the inter-bank market, exchanging...- ProfRem
- Thread
- naira to dollar rate naira watch nigerian naira nigerianbulletin parallel market
- Replies: 0
- Forum: Business News Links
-
P
Business Naira Watch: Tracking Nigeria's Currency [Day 48]
The naira on Monday depreciated slightly to close at 314.75 to the dollar at the inter-bank market, forty -eight days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. The currency on Friday closed at 314.25 to the dollar...- ProfRem
- Thread
- bloomberg dollar exchange rate naira watch nigerian naira parallel market tracking nigeria's currency
- Replies: 0
- Forum: Business News Links
-
P
Business Nigerian Naira Weakens Slightly Against Dollar At Parallel Market
The Naira on Monday weakened slightly against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency shed 1 point to trade at N353 by midday, from N352 it traded on Friday. However, the Naira hedged against the Pound Sterling and the Euro as it...- ProfRem
- Thread
- naija news naira nigerian naira parallel market
- Replies: 0
- Forum: Business News Links
-
P
Business Naira Firms Against Dollar at Parallel Market
Nigeria naira firmed to 340/$ from 365 to the dollar on the parallel market on Friday, after the Central Bank introduced reforms designed to relaunch inter-bank currency trading and attract foreign investors. The naira gains ahead of currency floating on official market from Monday, Aminu...- ProfRem
- Thread
- foreign exchange naira nigerian currency parallel market
- Replies: 0
- Forum: Business News Links
-
P
Business Naira Weakens Against Dollar At Parallel Market
The naira weakened further against the dollar at the parallel market on Monday, exchanging at N357 for a dollar as against N350 it traded on Friday. But maintained stability with the pounds sterling and euro, trading at N505 and N397 to each of them, respectively. Meanwhile, pending the...- ProfRem
- Thread
- dolalr naira naira exchange rate nigerian currency parallel market
- Replies: 0
- Forum: Business News Links
About Nigerian Bulletin
Nigerian Bulletin is your gateway to top news, specialized lifestyle topics, and a unique, curated marketplace. It connects Nigerians worldwide with crucial updates and opportunities and is ideal for engaging press releases, effective sponsored posts, banner ads, and product showcases.