Naira Declines in Both Official and Parallel Markets Despite Improved Dollar Inflow
The Nigerian naira experienced a significant drop against the US dollar in both the official and parallel markets on Thursday, ...
Tag: Forex Market
Naira Continues Depreciating Against Dollar in Official Forex Market Hitting N1509/$
The Nigerian naira witnessed a modest depreciation against the United States dollar in the authorized forex market on Monday, according ...
BDC Operators Delay Compliance with CBN Recapitalisation Order
Bureau De Change (BDC) operators in Nigeria are yet to comply with the Central Bank of Nigeria's (CBN) new operational ...
Naira Falls to Lowest in 5 Weeks, Approaching N1,500/$1
The exchange rate between the naira and the dollar has dropped to a six-week low, closing at N1,490.2/$1 on Monday, ...
Customs Duties Exchange Rate Maintains at N1,480/$ Despite Naira’s Depreciation
In a recent development, the exchange rate for customs duties collection has held steady at N1,480 to the US dollar, ...
Naira Continues Decline At N1540/$ Despite Weak U.S. Dollar Index
The Naira has experienced a further decline in the country’s unofficial foreign exchange market, falling to a new low of ...
EFCC Raids Currency Speculators as Naira Falls to 1,520 per Dollar
In a significant crackdown, operatives of the Economic and Financial Crimes Commission (EFCC) conducted extensive raids on Bureau De Change ...
Naira Records 10% Surge Against Dollar Amid EFCC’s Crackdown on Speculators
The naira experienced a significant turnaround over the weekend, marking a notable gain of 10% against the US dollar. The ...
Naira Experiences First Weekly Decline in 6 Weeks on Unofficial Market
In a deviation from its recent winning streak, the Nigerian naira witnessed its first weekly decline against the American dollar ...
BDC Operators Urge CBN to Lower Exchange Rate Amid Rising Disparities
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to ...
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