Black market foreign exchange rate

Naira Slips Again As Dollar Supply Drops

Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items

Forex Market witnessed a surge in turnover, totaling $53.02 million, following the Central Bank of Nigeria's decision to lift the ban on 43 items.

Emmanuel Ochayi

1 year ago

Naira To Sustain Depreciation In 2024 - Analysis Reveals

Business·Currency

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

A World Bank report released this October has ranked the Naira among the worst-performing currencies in Africa, as the Nigerian currency lost 40 per cent of its value following the devaluation

Victor Ezeja

1 year ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency

Naira Depreciates To N756/$ In I&E Window

In a dynamic twist of events, the Nigerian naira faced a rollercoaster ride in the financial markets on Wednesday. The currency, which had exchanged for N745.19 to a dollar just a day

Emmanuel Ochayi

1 year ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Finance & Economy

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Nigeria’s currency, the Naira, experienced a significant depreciation during the third quarter of 2023, with the unofficial market rate plummeting to N1000/$1. This alarming drop, coupled with a decline in external reserves,

Emmanuel Ochayi

1 year ago

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market Increases Dollar, Pound, Euro Rates

Foreign exchange currencies in the black market – dollar, pound and euro – appreciated against the naira on Thursday, 9 June. Parallel market rate aggregator indicated that the average rate of the

Fakoyejo Olalekan

1 year ago

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Cost Of Dollar Up In Black Market, Euro Sold At Lower Rate

Foreign exchange traders in the black market were offered the dollar at an average rate of N754.5 kobo on Wednesday. Naira Rates, a black market rate aggregator, reported that the price of

Fakoyejo Olalekan

1 year ago

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Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

Naira Depreciates To N756/$ In I&E Window

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Black Market Increases Dollar, Pound, Euro Rates

Cost Of Dollar Up In Black Market, Euro Sold At Lower Rate

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