On Tuesday, Naira showed resilience against the dollar in the official foreign exchange market to close higher at 5.1% or N878.61/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM).This sho...
On Wednesday, the Central Bank of Nigeria (CBN) announced that it had successfully distributed $2 billion across key sectors, including aviation, manufacturing, and petroleum, to settle the backlog of...
The Nigerian Naira traded 1,000/$ for the second time in 2024 on the official foreign exchange (FX) market.On Tuesday, the Naira fell to 1,089.51/$ from how it traded the previous day, which was 856.5...
On Thursday, the naira fell to N956/$ on the official Investor and Exporter forex window as dollar supply fell by 46.77%.According to the data from the FMDQ, this is a 13.78% decline from the N840.53/...
MultiChoice Group Ltd. has announced its third consecutive semi-annual loss and blamed the financial challenges it witnessed on foreign exchange in Nigeria (naira devaluation) and steady power outages...
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On Thursday, the foreign exchange (FX) market opened with the dollar trading at N1,135 at the parallel market. This rate was the same as how the market closed on Wednesday.An operator in the black mar...
On Thursday, naira gained 1.5% at the parallel market following some confusion between currency speculators as they wait to see the government plans surrounding its proposed increase in dollar liquidi...
The demand on the foreign exchange (FX) market worsened on Wednesday as the naira fell to N1,140/$ at the parallel market. This shows that the country's currency added N110 in just a few hours. On Mon...
Despite the naira gaining against the dollar last week, it’s been reported that on Monday the naira fell to N1,030/$ in the parallel market making its gain last week futile.Naira lost N80 or what we...
Are you looking for the Dollar to Naira exchange rate at the parallel market, also known as the black market (Abokifx), today? Today, October 23rd, 2023, the dollar to naira exchange rate is 1 USD to ...