Bureau De Change

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Black Market Operators Buy Dollar At N738, Pound N920, As Official Market Rate Drops

The Dollar was offered to traders in the official market at the rate of N462.33/$1 by the close of business on Friday, 12 May. This is lower than the N462.73/$1 investors and

Fakoyejo Olalekan

2 years ago

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

Business·Currency

Bureau De Change Operators Sell One Dollar Below N750

The Bureau De Change window of the black market kept the exchange rate of the naira to dollar below N750 on Tuesday, January 3, 2023. After a one-day public holiday to celebrate

Fakoyejo Olalekan

2 years ago

Business·Currency

‘Japa’ Pushes UK Pound Rate To N920, As Nigerians Overwhelm Black Market

Nigerians’ quest to ‘Japa’ – a local parlance by youths connoting offshore escape from hardship and economic deprivation – has increased the value of the pound in ‘black market’. Bureau De Change

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar Rate Depreciates In Black Market Amid CBN’s Controversial Naira Policies

The naira gained against the dollar in the black market on Monday but depreciated in the official market on Friday based on exchange rate data obtained from FMDQ. Prime Business Africa gathered

Fakoyejo Olalekan

2 years ago

Naira Slips Again As Dollar Supply Drops

Business·Currency·Top Stories

Black Market Dollar Rate Jumps Amid Scarcity Of New Naira Notes

In the Bureau De Change window of the black market, the dollar maintained its dominance over the naira after appreciating by 1.34 per cent on December 15, 2022. The exchange rate between

Fakoyejo Olalekan

2 years ago

Business·Currency

Naira Gains Big, As Dollar Rate Crashes In Black Market, CBN-backed Window

The dollar rate in the Bureau De Change-controlled ‘black market’ fell on Monday, as the naira appreciated by -0.5 per cent, to strengthen its position against the American greenback. The Nigerian appreciated

Fakoyejo Olalekan

2 years ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar To Naira Exchange Rate: Again, CBN’s Intervention Fails To Save Naira Against Dollar

The United States dollar depreciated in value against the naira on Thursday, after the Bureau De Change (BDC) operator cut the cost of buying $1 in the black market by -0.27 per

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rises By N165, As Naira Suffers

August 5, 2022 Dollar Rates Update: The naira and dollar exchange rate depreciated in favour of the Nigerian currency on Wednesday at the black market. The traders in the parallel market dropped

Fakoyejo Olalekan

2 years ago

Governor of Nigerias Central Bank Godwin Emefiele

Business

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Over $7.6 billion has been disbursed into the Nigerian economy by the Central Bank of Nigeria (CBN) in five months in a bid to increase availability of foreign exchange for transactions. The

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Increase Dollar Rates After CBN Snub

August 24, 2022 Dollar Rates Update: Bureau De Change (BDC) operators increased Dollar rates on Tuesday, as demand for the United States currency outweighs supply in the black market and official forex

Fakoyejo Olalekan

2 years ago

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Black Market Operators Buy Dollar At N738, Pound N920, As Official Market Rate Drops

Bureau De Change Operators Sell One Dollar Below N750

‘Japa’ Pushes UK Pound Rate To N920, As Nigerians Overwhelm Black Market

Dollar Rate Depreciates In Black Market Amid CBN’s Controversial Naira Policies

Black Market Dollar Rate Jumps Amid Scarcity Of New Naira Notes

Naira Gains Big, As Dollar Rate Crashes In Black Market, CBN-backed Window

Dollar To Naira Exchange Rate: Again, CBN’s Intervention Fails To Save Naira Against Dollar

Dollar To Naira Exchange Rate: Dollar Rises By N165, As Naira Suffers

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Dollar To Naira Exchange Rate: BDC Operators Increase Dollar Rates After CBN Snub

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