Naira Exchnage Rate Widens Across FX Markets
The exchange rate between the naira and the dollar between the parallel and official markets has widened to over N500, OduNews reports.
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Parallel Market
Naira Tumbles To N690/$ At P2P Market As Greenback Scarcity Worsens
The value of the naira on Friday fell to N690 per dollar at the Peer-to-Peer market segment as the country continues to face the scarcity of the greenback.
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CBN’s Ban Of FX Sales Is A Trial And Error And It’s Dangerous – Expert
The Governor of Central Bank, Godwin Emefiele, has been battling with a free-falling Naira since 2015.
Amid this free-fall, the Apex bank continued to deploy stringent monetary…
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Naira Crashes Further To 523 Against Dollar At Parallel Market After CBN Forex Ban
The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria stopped the allocation of foreign exchange to Bureau de Change…
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Naira To Exchange For N500/$ At Parallel Market
There are indications that the naira would rise to N500 per dollar at the parallel market.
This is a result of the Central Bank of Nigeria's directive authorizing dealers to only…
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