Tag: Dollar
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Naira exchanges 770 to 1$ at parallel market
According to operators, the Nigerian naira exchanged to the dollar for 770 at the parallel market on Wednesday, thereby dropping downwards. Some Bureau de Change (BDC) operators who spoke to our The Punch noted that the naira which had gained relatively to the dollar in recent days had remained unstable. A BDC operator who identified…
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Naira Gains 0.04% Against Dollar At I&E Window
The Nigerian naira appreciated on Thursday 8th September, 2022 against the dollar at the Investors and Exporters window, exchanging at N436.32 compared with N436.50 on Wednesday, an increase of 0.04 percent. News Agency of Nigeria (NAN) reports that the open indicative rate closed at N433.75 to the dollar on Thursday. An exchange rate of N437.50…
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Bill War: Naira Hits 543 against Dollar
The naira has continued to slope downward as it, at the moment of compiling this report selling for N543 to a dollar at the parallel market. EarthNews learnt, on Thursday, the bureau de change bought dollar at N540 and offer it for sale at the rate of N543. In the same existence, the British Pound…
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Naira Further Decline, Dollar Goes Giant at N535/$
The Nigerian currency (N) further slide against the dollar as it dropped to a new unprecedented low at the parallel market on Wednesday 8, 2021. The naira (N) has been falling gradually since the start of this month amid the lingering scarcity of foreign exchange in the country, despite the rise in foreign exchange (FX)…
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Extended Losses: Naira Slides To N530 At Parallel Market
The naira (N) prolonged its losses against the dollar at the parallel market on Thursday, closing at N530/$1 compared with N528 per dollar on Wednesday. This is according to data obtained from abokiFX.com, a website that collates parallel market rates in Lagos. The naira also fell against the Pound Sterling and the Euro yesterday closing…
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Naira Slips to $505 Hours After CBN Bans Sales of Forex To BDCs
The Nigerian naira faintly clear-fell against the US dollar at parallel market on Tuesday, few hours the Central Bank of Nigeria (CBN) announced a nationwide stop of the sales of forex to Bureau De Change operators (BDCs). The apex bank, through its governor said the parallel market had become an epicenter for illicit forex transaction.…
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Just In: Naira Exchanges For 503/$ At Parallel Market
According to the Bureau de Change operators, the naira exchanged to the dollar at 503 at the parallel market on Friday. Figures obtained from naijbdcs.com, the official website for the licensed BDCs by the Central Bank of Nigeria presented that the naira was bought and sold for 502 and 503.5. Meanwhile, in early July, the…