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Black Market - Page 3

Naira Ends Week With N59.71 Gain At Official Market

Cost Of Dollar Falls In Black Market, Investors Trade More USD

The value of the United States Dollar (USD) dropped in the black market on Monday, 27 February 2023, as the Naira appreciates by 0.26 per cent. It was gathered that the cost to buy one Dollar fell by N2, with the greenback

February 27, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

The exchange rate between the Dollar and the Naira depreciated by –0.05 per cent on Thursday, 23 February 2023, the FMDQ Securities disclosed. According to data obtained from FMDQ, which monitors the dollar rate in the official market, it was noted that

February 24, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira To Dollar Rate To Rise To N900 In Black Market – New Report

Independent tax and business advisory firm, Andersen, has stated that demand pressure will affect the exchange rate in the black market in 2023. The advisory firm said various factors will push up the parallel rate of the Naira to N900/$1, indicating the

February 23, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Falls In CBN-Backed Official Market, Buhari Projects Stability

Exchange rate between the Naira and the United States Dollar (USD) fell in the official market on Wednesday, 15 February 2023. According to the exchange rate data obtained from the FMDQ Exchange, the cost of buying a Dollar depreciated by N0.17 kobo.

February 16, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

2023 Elections·Business·Currency

New Report Predicts Dollar Hoarders To Lose Significantly In Black Market

Persons hoarding Dollars and betting against the Naira are set for a shock in 2023, according to credit rating agency, Agusto & Co, as the firm predicted the Naira will gain big against the United States currency. In a report titled ‘2023

February 14, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency·News

Black, Official Market Dollar Rate Gap Drops On S’Court Order

The gap between the dollar-naira rates in black and official windows dropped on Thursday, but stayed close to N300. In the black market on Thursday, Bureau De Change operators informed Prime Business Africa that they offer an exchange rate between N760-N780/$1 for

February 9, 2023

Business·Currency

Dollar Rate Rises As Naira Note Scarcity Hits Nigerian Banks

The Dollar rate appreciated in the official foreign exchange market on Thursday, 2, February 2023, as Nigerian commercial banks struggle to make Naira available to the public. According to data obtained from the FMDQ Exchange, the Naira took a beating, losing –0.11

February 3, 2023

Business·Currency

Dollar Rate Falls By 0.80% In Bureau De Change Window

The exchange rate depreciated in the Bureau De Change window of the black market on Wednesday, 1, February 2023, after the Central Bank of Nigeria (CBN) confirmed banks will continue to receive old Naira after the phase-out deadline. Naira appreciated by 0.80

February 1, 2023

Business·Currency

Naira Gains Against Dollar, As Exchange Rate Falls In Black Market, Official Window

The exchange rate between the Naira and the United States Dollar (USD) depreciated on Monday, 30, January, 2023, on the back of a stronger local currency. According to the exchange rate data obtained from the FMDQ Exchange, it was learnt that the

January 31, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency·Insights

How Nigerian Youths, Traders Strengthen Dollar Against Naira, Prospects For 2023

The Naira suffered heavy depreciation against the United States Dollar (USD) in 2022 in the official channel and the Bureau De Change-controlled Black market. Despite some notable policies by the Central Bank of Nigeria (CBN) to strengthen the Naira’s chances against the

January 27, 2023

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Black Market - Page 3

Cost Of Dollar Falls In Black Market, Investors Trade More USD

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

Naira To Dollar Rate To Rise To N900 In Black Market – New Report

Dollar Rate Falls In CBN-Backed Official Market, Buhari Projects Stability

New Report Predicts Dollar Hoarders To Lose Significantly In Black Market

Black, Official Market Dollar Rate Gap Drops On S’Court Order

Dollar Rate Rises As Naira Note Scarcity Hits Nigerian Banks

Dollar Rate Falls By 0.80% In Bureau De Change Window

Naira Gains Against Dollar, As Exchange Rate Falls In Black Market, Official Window

How Nigerian Youths, Traders Strengthen Dollar Against Naira, Prospects For 2023

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