naira at parallel market
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Business Naira Appreciates To 498 At Parallel Market
Nigeria naira on Monday appreciated to 498 from 500 its closed on Friday at the parallel market, amidst increase in the foreign reserve. Nigeria's forex exchange reserves have gained more than $2bn in 2017, rising to $28.2bn on February 2. The currency remained stable against the pound and...- ProfRem
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Business Nigerian Naira Faces Further Decline At 500 Per Dollar
The naira is expected to depreciate further against the United States dollar at the parallel market despite increase in Nigeria's foreign reserve. Nigeria's forex exchange reserves have gained more than $2bn in 2017, rising to $28.2bn on February 2. The local currency had been stable against...- ProfRem
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Business Naira Appreciates Further, Now 455/USD At Parallel Market
The naira on Monday appreciated further following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators. The CBN has approved First Bank of Nigeria Limited and Travelex, a global foreign exchange company, to commence sale of dollars to the BDC operators. The...- ProfRem
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Business Nigerian Naira on Free Fall, Now N361/$1
The naira yesterday continued its free fall against the dollar, as uncertainty grips the foreign exchange market over the delay by the Central Bank of Nigeria (CBN) in coming up with clear framework on how the new flexible FX policy would be implemented. The naira depreciated further to N361 to...- ProfRem
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