Parallel Market

For the first time this week, the naira recovered significantly against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window. The naira recovered to N831.47/$1, after a…

The naira suffered a further setback at the parallel market and Investors and Exporters forex window on Tuesday. According to figures obtained from Bureau De Change operators, the naira exchanged to the dollar for 473/$ at the parallel…

Nigerian Naira value on Tuesday, dropped at the foreign Exchange (FX) Investment and export (I&E) window by 0.1 percent to NGN386.50/USD while it closed flat at the parallel market at NGN460.00/USD. Meanwhile, on Monday, the naira…

The Naira on Tuesday dropped in value at both the Investment and Export segment (I&E) foreign exchange window and the parallel market segment. The Naira weakened at the  I&E window and parallel market by 0.2 percent and 0.7 percent…

The Nigerian currency, the Naira Tuesday weakened at the parallel market by 1.1per cent to N445.00/USD but closed at N385.50/USD at the Investment and Export (I&E) Foreign Exchange (FX) window. Naira opened the first day of the…

As a fallout of events in the oil market yesterday, the US dollar hit a record high against the Naira in the non-deliverable forward’s markets on Tuesday, April 21, 2020. This was after the US crude futures crashed to negative, a day…

The Naira on Monday traded at N362.57 to the dollar at the parallel market in Lagos. At the end of the day, turnover at the window stood at 293.60 million dollars. The currency was N359 to dollar at the parallel market in Lagos,…

The Naira on Wednesday gained marginally against the dollar at the parallel market in Lagos, exchanging at N358 to the dollar. The News Agency of Nigeria reported that the naira had exchanged at N358.2 to the dollar on Tuesday. The…

The Naira on Tuesday gained one kobo to exchange at N359 to the dollar, stronger than N360 posted on Monday. The Nigerian currency also traded at N479 and N410 against the Pound Sterling and the Euro at the parallel market. At the…

The Naira on Thursday gained 40 kobo to firm against the dollar at the parallel market in Lagos. The Nigerian currency exchanged at N358, stronger than N358.4 traded on Wednesday, while the Pound Sterling and the Euro closed at N480 and…