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Parallel Market Dollar Rate

Naira Exchange Rate Falls to ₦1,332 Against Dollar as CBN Data Shows Interbank FX Transactions Plunge 77.7%

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Naira Exchange Rate Falls to ₦1,332 Against Dollar as CBN Data Shows Interbank FX Transactions Plunge 77.7%

Naira Exchange Rate Falls to ₦1,332 Against Dollar as CBN Data Shows Interbank FX Transactions The naira ended Monday slightly weaker against the dollar in the official market, while trading among banks and other institutions dried up. Data from the Central Bank of Nigeria show the local currency closing at ₦1,332.09 per dollar on October … Read more

Naira Drops to ₦1,585 Per Dollar in Parallel Market as Forex Pressure Mounts

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Naira Drops to ₦1,585 Per Dollar in Parallel Market as Forex Pressure Mounts

The Nigerian currency continued its downward trend, falling to ₦1,585 per dollar in the parallel market on Wednesday from ₦1,565 per dollar recorded on Tuesday. This decline marks another setback for the naira, which has struggled to maintain stability in the face of growing foreign exchange pressures. Similarly, in the Nigerian Foreign Exchange Market, NFEM, … Read more

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