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Black Market - Page 3

Naira Opens Week With Gain Across FX Markets

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

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

The exchange rate between the naira and the dollar sold at an average of N750/$1 on Wednesday, 25 January 2023, in the black market. In the black market, operated by the Bureau De Change operators, the naira appreciated by 0.40 per cent, in

January 25, 2023

Business·Currency

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

The dollar rate rose in the Bureau De Change window of the black market on Tuesday, 24 January 2023, as the naira weakened by -1.07 per cent. It was learnt that the cost to buy one dollar increased to an average of

January 24, 2023

Business·Currency

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

The FMDQ Exchange disclosed that the official exchange rate between the naira and the dollar rose on Thursday, 19 January 2023, as the local currency closed weak. According to data published by the exchange rate tracker, the dollar exchanged for the naira

January 20, 2023

Business·Currency

Naira Gains Against Dollar In Black Market, Official Market

The exchange rate between the naira and the dollar depreciated in the black market and the official channel on Wednesday, 18 January 2023. In the official market, the naira held on against the United States currency, appreciating slightly by 0.05 per cent,

January 19, 2023

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

Business·Currency

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

The volume of foreign exchange (forex) traded on Tuesday, 17 January 2023, fell by 72 per cent in the Investors and Exporters (I&E) window of the official market. According to data obtained from the FMDQ Exchange, which monitors foreign exchange rates in

January 18, 2023

Business·Currency

Dollar Rate Falls In Official Market, Oil Marketer Blames Forex For Fuel Scarcity

The naira rose in value in the Investors’ and Exporters’ window of the official market on Thursday, January 12, 2023, as the dollar fell by -0.16 per cent in value. At the end of trading in the official channel backed by the

January 13, 2023

Business·Currency

Black Market Operators Offer To Buy Dollar Above CBN’s Official Market Rate

The Bureau De Change operators retained the exchange rate between the naira and the dollar in the black market at N288 above that of the official market. According to some Bureau De Change operators that spoke with Prime Business Africa on Thursday,

January 12, 2023

Business·Currency

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

The supply of foreign exchange (forex) fell by 40.3 per cent in the official market on Monday, as the exchange rate stabilises in the window backed by the Central Bank of Nigeria (CBN). During trading on January 10, Prime Business Africa leant

January 10, 2023

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Black Market - Page 3

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

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

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

Naira Gains Against Dollar In Black Market, Official Market

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

Dollar Rate Falls In Official Market, Oil Marketer Blames Forex For Fuel Scarcity

Black Market Operators Offer To Buy Dollar Above CBN’s Official Market Rate

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

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