Tag: Parallel Market

The exchange rate between the Nigerian naira and the US dollar has continued its upward trajectory for the third consecutive ...

In a bid to curb the activities of currency speculators and stabilize the exchange rate, Nigerian banks have sold approximately ...

The Naira experienced a reversal in fortunes against the U.S. Dollar, recording a marginal decline after a previous day's appreciation. ...

Nigeria aims to implement new foreign exchange regulations to close the naira's significant gap with the unofficial rate and achieve ...

In a surprising turn of events, the Nigerian Naira witnessed an appreciation against the US Dollar on the unofficial parallel ...

The Nigerian currency, the naira, experienced a substantial depreciation in the third quarter of 2023, marking a concerning trend for ...

In an unexpected turn of events, the Nigerian naira has demonstrated a significant appreciation in the parallel market, breaking below ...

The Central Bank of Nigeria (CBN) injected approximately $29.5 million into the foreign exchange (FX) market during the recent auction ...

Dr. Kingsley Obiora, the Deputy Governor of the Economic Policy Directorate at the Central Bank of Nigeria (CBN), has revealed ...

The unification of the exchange rate in Nigeria is set to have a wide-reaching impact on Bureau De Change (BDC) ...