New Telegraph
Barely 24 hours the Naira was forced to a downward trajectory by dollar scarcity, it bounced back, closing at N477 to a dollar at the parallel market in Lagos. The News Agency of Nigeria (NAN)…
Tony Chukwunyem
The scarcity of dollars at the parallel market led to the naira dropping to N480 per dollar in Lagos yesterday from N475/$1 rate that the local currency traded at throughout last week. The foreign-currency shortage…
Tony Chukwunyem
The Central Bank of Nigeria (CBN) may have finally unified the country’s multiple exchange rates as it yesterday altered the official exchange rate at which it sells the naira to the dollar on its website…
Tony Chukwunyem
The naira dropped further to N470 per dollar on the parallel market yesterday from N465/$1 on Tuesday as scarcity of foreign exchange, occasioned by the slump in oil prices continues to negatively impact the local…
Tony Chukwunyem
The naira weakened further to N465 per dollar on the parallel market yesterday from N463/$1 on Thursday. The last time the exchange rate traded at close to N465/$1 on the parallel market was in March…
New Telegraph
The naira weakened to N463 per dollar at the parallel market yesterday from N461/$1 the previous day. The local currency had remained stable since Monday, seemingly unaffected by the Central Bank of Nigeria’s (CBN) rate…
Tony Chukwunyem
The naira stayed stable at N461/$1 on the parallel market yesterday, as traders appeared confused about whether the Central Bank of Nigeria’s (CBN) adjustment of the exchange rate at the official window by 5.54 per…
