naira

The Nigerian currency, naira, on Thursday, continued its free fall at the parallel market, also known as black market, exchanging for N1,030 to a dollar. The naira had earlier, on Wednesday, closed at N1,010 to a dollar at the parallel market. The Nigerian currency, however, appreciated in the Investors and Exporters (I&E) window yesterday to N759.2 per dollar. According to …

As growing scarcity of forex bites, Nigeria’s currency, the naira, slumped to N1045/$1 at the parallel foreign exchange market as demand continues to regularly exceed supply. The British Pound Sterling was bought at N1260 and sold at N1270 while the Euro goes for N1090. Since the Central Bank of Nigeria (CBN) floated the naira in June with the aim of …

The naira slumped against the dollar on Monday, November 27, 2023, to close at N814.60/$1 at the official Nigerian Autonomous Foreign Exchange Market NAFEM window.  This represents a loss of N19.71 in the local currency compared to the N794.89/$1 it closed on Friday. The intraday high recorded was N1130/$1, while the intraday low was N701/$1, representing a huge N429/$1 disparity. …