Naira parallel market

Dollar Crashes to N1,520/$1 at Parallel Market

February 26, 2024

By Dipo Olowookere The value of the Naira to the US Dollar significantly strengthened in the parallel market on Monday, trading at N1,520/$1 compared

Economy

Naira Crashes to N1,820/$1 at Black Market as EFCC Goes After FX Traders

February 20, 2024

Dipo Olowookere

By Dipo Olowookere The decision of the government to go after foreign exchange (FX) traders on the streets seems to have backfired as it

Economy

Naira Falls to N1,600/$1 at Parallel Market Despite CBN’s Efforts

February 15, 2024

Dipo Olowookere

By Dipo Olowookere Despite the efforts of the Central Bank of Nigeria (CBN) to bring stability into the foreign exchange (FX) market to strengthen

Economy

Naira Appreciates to N1,455.59/$1 at Official Market as CBN Barks

February 1, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, January 31, after the

Economy

Panic as Naira Plunges to New Low of N1,348/$1 at Official Market

January 30, 2024

Adedapo Adesanya

By Adedapo Adesanya The exchange rate of the Naira to the Dollar in the official market segment of the foreign exchange (FX) market, the

Economy

Naira Slumps to N869/$1 at Official Market, N1014/$1 at P2P

November 8, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira depreciated further against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, November 7, as

Economy

More Worries as Naira’s Street Value Crumbles to N1220/$1

October 23, 2023

Dipo Olowookere

By Dipo Olowookere The free-fall of the Naira against the Dollar in the parallel market segment of the foreign exchange (FX) market continued on

Economy

Naira Falls to N758/$1 at I&E, N954/$1 at P2P, N950/$1 at Black Market

September 14, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira weakened against the US Dollar in the Investors and Exporters (I&E), the black market, and the Peer-to-Peer (P2P) windows