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Black Market - Page 5

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

Naira Falls In Official Window, Dollar Rate Declines In Black Market

The official market recorded another decline in the value of the naira, as the dollar rate went up by 0.23 per cent at the end of trading on December 21, 2022. According to trading data obtained from FMDQ Securities, the exchange rate

December 22, 2022

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

Business·Currency

Dollar Rate Drops In Black Market Amid DSS’ Attempt To Arrest CBN’s Emefiele

The black market recorded a drop in Dollar rate on Tuesday, but the exchange rate between the Naira and the United States currency traded flat in the official market on Monday. Dollar rate drops It was gathered that the Dollar rate exchanged

December 20, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Depreciates In Black Market Amid CBN’s Controversial Naira Policies

The naira gained against the dollar in the black market on Monday but depreciated in the official market on Friday based on exchange rate data obtained from FMDQ. Prime Business Africa gathered that the exchange rate between the dollar and the naira

December 19, 2022

Business·Currency·Top Stories

Black Market Dollar Rate Jumps Amid Scarcity Of New Naira Notes

In the Bureau De Change window of the black market, the dollar maintained its dominance over the naira after appreciating by 1.34 per cent on December 15, 2022. The exchange rate between the currencies of Nigerian and United States rose to N755

December 16, 2022

Business·Currency

Dollar Rate Rises As Newly Redesigned Naira Notes Enter Circulation

The foreign exchange (forex) rate between the naira and the United States dollar appreciated in the official and black market on December 14, 2022. Prime Business Africa reports that traders across the channels raised the foreign exchange rate to N450.58/$1 in the

December 15, 2022

Business·Currency

Black Market Increases Dollar Rate Amid Probe Of CBN’s Cash Withdrawal Policy

The FMDQ Securities Exchange has revealed that the dollar rate in the Investors and Exporters (I&E) window of the official market rose 0.09 per cent. Prime Business Africa gathered from FMDQ Securities foreign exchange data that the rise represents N0.38 kobo, as

December 14, 2022

Business·Currency

Naira Falls Again, Official Market Traders Increase Dollar Rate

There seems to be no end to the depreciation of naira in the official market, as the dollar rate rises by 0.11 per cent, with traders adding 50 kobo to their asking price to sell the USD. At the end of business hours

December 12, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

The naira continued its free fall on November 8 in the official market of the Investors & Exporters window after the dollar appreciated by 0.03 per cent. According to FMDQ’s exchange rate data for the official market, the naira exchanged for the

December 9, 2022

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

Business·Currency

Black Market Increases Dollar Rate, As CBN Reduces Naira Circulation

The naira weakened against the dollar on Wednesday in the black market, as the cost of purchasing the United States currency went up by 4.2 per cent. In the parallel market, the dollar was sold for N760.82 on November 7, indicating N30.82 was

December 8, 2022

Business·Currency

Naira Gains Big, As Dollar Rate Crashes In Black Market, CBN-backed Window

The dollar rate in the Bureau De Change-controlled ‘black market’ fell on Monday, as the naira appreciated by -0.5 per cent, to strengthen its position against the American greenback. The Nigerian appreciated to N773 per dollar, as the cost of exchanging the

November 29, 2022

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Black Market - Page 5

Naira Falls In Official Window, Dollar Rate Declines In Black Market

Dollar Rate Drops In Black Market Amid DSS’ Attempt To Arrest CBN’s Emefiele

Dollar Rate Depreciates In Black Market Amid CBN’s Controversial Naira Policies

Black Market Dollar Rate Jumps Amid Scarcity Of New Naira Notes

Dollar Rate Rises As Newly Redesigned Naira Notes Enter Circulation

Black Market Increases Dollar Rate Amid Probe Of CBN’s Cash Withdrawal Policy

Naira Falls Again, Official Market Traders Increase Dollar Rate

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

Black Market Increases Dollar Rate, As CBN Reduces Naira Circulation

Naira Gains Big, As Dollar Rate Crashes In Black Market, CBN-backed Window

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