parallel market

The value of the naira depreciated at the unofficial market on Wednesday as it traded at  1,705/dollar, according to Bureau De Change operators in Lagos and Abuja. A BDC operator in Lagos, Aliyu Sani, said that he sold dollars for…
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The Naira on Friday, depreciated to N1,700 per dollar in the parallel market from N1,675 per dollar on Thursday. However, the Naira appreciated to N1,540.78 per dollar in the Nigerian Autonomous Foreign Exchange Market, (NAFEM). Data…
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The Naira on Friday recorded a loss at the official market, trading at N1,483.99 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market…
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Naira depreciated to N1,510 per dollar at the parallel section of the foreign exchange (FX) market on Monday. The current rate represents a drop of 1.34 percent from the N1,490/$ traded on May 31. Speaking to reporters in Lagos,…
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The naira depreciated at the parallel section of the foreign exchange (FX) market on Monday. At the  Lagos street market, currency traders, also known as bureau de change (BDC) operators, quoted the naira at N1,520 to the greenback. …
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The depreciation of the naira continued over the weekend as the currency traded at N1,510 to a dollar at the parallel market and 1,466.31 at the official market. The dollar-to-naira exchange rate increased by N40 between Thursday and…
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The naira depreciated to N1,320 per dollar at the parallel market of the foreign exchange (FX) on Friday. The current FX rate signifies a decline of 1.54 percent from N1,300/$ traded on April 24. Currency traders, known as Bureau de…
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The Naira, on Monday, depreciated to N1,250 per dollar in the parallel market, from N1,140 per dollar on Thursday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,234.49 per dollar. Data from…
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The Naira experienced a further appreciation at the official market, trading at N1,382.95 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the Naira strengthened by N25.09 or 1.78 per cent,…
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The Nigerian currency, naira, on Wednesday, depreciated to N1,500 at the parallel section of the market. The rate is a 3.45 percent decrease from the N1,450 per dollar recorded on Monday. Currency traders in Lagos, also known as…
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