The naira, on Thursday, plummeted to a record low at the black market, trading at a minimum of N730/$1. This is according to Aboki Forex, a platform that captures market value of the naira and black market operators. Black market operators are said to be buying at N725 per dollar and reselling at N730 to […]
Naira plummets to N730/$ at open market Read More »
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Naira (CBN) to provide more foreign exchange to manufacturers, to enable them import raw materials and machinery. The call is according to Okwara Udensi, the chairman of MAN, Edo and Delta zones, while speaking on the topic ‘Nigeria’s struggling economy and unstable macroeconomic
MAN urges CBN to provide forex to manufacturers Read More »
The Naira exchanges for N698 to one US dollar a t the black market on Thursday. Nairametrics is reporting black market forex operators as confirming the fall. The FX traders reportedly cited sustained scarcity of dollar and the increased demand for dip. This might be a sign of recovery for the Nigerian currency, after it
FOREX: Naira falls to N698/$1 at black market Read More »
The naira lost against the dollar on Wednesday at the Investors and Exporters’ window, exchanging at N426.58. The figure represented a depreciation of 0.57 per cent compared with N424.17 it exchanged for the dollar on Tuesday. The open indicative rate closed at N426.50 to the dollar on Wednesday. An exchange rate of N444 to the
Naira continues free fall at official rate; exchanges at N426.58 per dollar Read More »
The Nigerian naira on Monday crashed to a historic low at the parallel market, exchanging for N620 against the United States dollar at the exchange platform Aboki Forex. The figure represents a 0.8 percent depreciation from the N615 it traded the previous week. Although the Naira gained the dollar at the Investors and Exporters’ window, exchanging
Naira crashes to N620 per dollar Read More »
