Black Market Dollar To Naira Exchange Rate

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

In a bid to curb illegal currency trading and stabilize the Nigerian currency, the Economic and Financial Crimes Commission (EFCC) intensified its efforts, conducting raids on Bureau De Change (BDC) operators across

Emmanuel Ochayi

1 day ago

Naira Depreciates By 0.78% In Official Market, Rises To ₦1,570 In Black Market

Currency

Dollar Now N1600, Nigerians React

In Nigeria, the exchange rate has reached all all time high, with the dollar now exchanging for one thousand six hundred naira, while the pound surpasses two thousand naira. This increase has

Bisina Somto

3 months ago

Business·Currency·Latest News

Naira Rises To N780/$1 In Official Market, Depreciates In Black Market

Today’s financial landscape presents a tale of dual destinies for the Nigerian naira: a soaring achievement in the official market as it reaches a new high of N780 against the dollar, juxtaposed

Emmanuel Ochayi

6 months ago

Business·Currency·Latest News

Naira Depreciates In Official Market, Black Market On Wednesday

The naira took a dip against the U.S. dollar, leaving speculators scratching their heads. The official market, usually a bastion of stability, witnessed a 0.55% depreciation, closing at N874.71 to a dollar

Emmanuel Ochayi

6 months ago

Naira Depreciates To 1,530/$1 On Parallel market As Shortage of Dollar Continues

Business·Currency·Latest News

Naira Depreciates To N869/$1 In Official Market, Gains In Black Market

The exchange rate between the Naira and the US Dollar saw a drop to N869.91 per dollar on Tuesday at the official market. This development marks an N60.89 loss, representing a 6.99%

Emmanuel Ochayi

6 months ago

Business·Currency

Naira Falls To N847/$ Official Exchange Rate

The official exchange rate witnessed a sharp decline, with the naira weakening to N847 against the dollar, marking a 6.93% drop from yesterday’s rate of N793. Data sourced from the official NAFEM

Bisina Somto

7 months ago

The naira's value against the dollar took a hit at the start of the week, with exchange rates opening at N1,200/$1 on peer-to-peer (P2P) platforms

Business·Latest News

Naira Woes Continue, Hits N1200/$1 In Black Market Over Scramble For Dollar

The naira's value against the dollar took a hit at the start of the week, with exchange rates opening at N1,200/$1 on peer-to-peer (P2P) platforms

Emmanuel Ochayi

7 months ago

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency·Latest News

Naira Drops Further To N1,186/$1 Amid Nigeria’s Economic Turbulence

In the backdrop of a turbulent week for Nigeria’s economy, the naira witnessed a fresh low of N1,186 against the US dollar in the unofficial market. This decline can be attributed to

Emmanuel Ochayi

7 months ago

Business·Currency

Naira Official Rate Strengthens To N790.68 But Falls N1,100/$1 In Black Market

The official exchange rate for the naira strengthened to N790.68 per dollar at the close of trading on Wednesday, October 18, 2023. This data, obtained from the FMDQ where forex is traded

Emmanuel Ochayi

7 months ago

Business·Currency·Latest News

Naira-Dollar Exchange Rate Hits N1,040 In Parallel Market As Scarcity Grows

The exchange rate between the Nigerian Naira and the US Dollar has taken a plunge, reaching N1,040 at the parallel market. This latest development stems from the battle between soaring demand and

Emmanuel Ochayi

7 months ago

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Black Market Dollar To Naira Exchange Rate

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

Dollar Now N1600, Nigerians React

Naira Rises To N780/$1 In Official Market, Depreciates In Black Market

Naira Depreciates In Official Market, Black Market On Wednesday

Naira Depreciates To N869/$1 In Official Market, Gains In Black Market

Naira Falls To N847/$ Official Exchange Rate

Naira Woes Continue, Hits N1200/$1 In Black Market Over Scramble For Dollar

Naira Drops Further To N1,186/$1 Amid Nigeria’s Economic Turbulence

Naira Official Rate Strengthens To N790.68 But Falls N1,100/$1 In Black Market

Naira-Dollar Exchange Rate Hits N1,040 In Parallel Market As Scarcity Grows

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