Tag: Naira – Dollar exchange rate

Naira Falls To N925/$1 At Parallel Market, May Plunge Further

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Naira Falls To N925/$1 At Parallel Market, May Plunge Further

The naira plunged to a record low of N925/$1 on the parallel market yesterday as demand for foreign currency outstripped supply. This is the aftermath of liberalising the foreign exchange regime, which is a clear departure of what obtained during the Presidential Muhammadu Buhari- led administration. At a time during the last administration, the World…

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Finance and Economy

Naira Falls to N800 To $

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Naira Falls to N800 To $

Following increasing demand for the dollar on the parallel market, sometimes known as the black market, the naira fell on Tuesday to N800 per dollar, its lowest level in nine months. Comparing this to N795, which was the price of one dollar stated during Tuesday’s intraday trade, the value of the naira has decreased by…

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Finance and Economy

Naira Falls To N762.63/$ In I&E Window

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Naira Falls To N762.63/$ In I&E Window

The naira on Thursday depreciated to N762.63 per dollar in the Investors and Exporters (I&E) window. Available data showed that the exchange rate for the window rose to N762.63 per dollar from N742.31per dollar on Wednesday, indicating N26.13 depreciation for the naira. In the parallel market the naira depreciated by N5. Findings from black market…

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Finance and Economy

Naira Gains 0.07% At Investors, Exporters Window, Buys And Sell For N750 & N754 To A Dollar Respectively

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Naira Gains 0.07% At Investors, Exporters Window, Buys And Sell For N750 & N754 To A Dollar Respectively

The Naira on Thursday exchanged at 461.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation of 0.07 per cent compared to the 461.50 it exchange rate on Wednesday. The open market indicative rate closed at N461.50 to the dollar on Thursday. An exchange rate of N462 to the US…

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Finance and Economy

Naira -Dollar Black market exchange rate depreciates to N800/$1

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Naira -Dollar Black market exchange rate depreciates to N800/$1

For the second day in a row, the naira value against the US dollar continue to fall closing at N800/$1 on Tuesday 15th November 2022. The exchange rate depreciated by 2.56% in contrast to N780/$1 recorded at the close of trading on Monday. These are information from black market sources who traded yesterday . Similarly,…

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Finance and Economy