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Black Market - Page 6

Naira Ends Week With Marginal Gain Against Dollar

Dollar Rate Rises In Official Market, CBN’s Emefiele Blames Nigerians Abroad

The dollar rate was in opposite directions at the black and official markets on Friday, as the currencies continued to react to the emergence of new naira notes. In the parallel market, which is unsupported by the Central Bank of Nigeria (CBN),

November 28, 2022

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

Business·Currency

Naira Sustains Slow Recovery, As Dollar Goes For N772

The naira appreciated on Thursday against the dollar in the black market, as the exchange rate between both currencies went down by 0.39 per cent. This means that the rate to exchange the United States dollar fell by N3, to sell at

November 25, 2022

Business·Insights

5 Major Reasons Naira Won’t Recover Soon

The naira might not recover anytime soon against the dollar due to five factors within and beyond the control of the Central Bank of Nigeria (CBN). In the past week, the chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa,

November 21, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Dollar Rate Stable At Black Market, Falls In Official Channel After EFCC’s Prediction

The black market reports exchange rate stability between the naira and the US dollar on Thursday, while the Nigerian currency appreciated at the official window. Bureau De Change operators at the parallel market sold the dollar below N800, with the asking price

November 18, 2022

Business·Currency·Insights

6 Reasons Naira Gains, Loses In Black Market

In the second week of November, the naira gained significantly against the United States dollar (USD) in black market after a free fall in last week of October and first week of November. The naira had appreciated by 25.2 percent, handing Bureau

November 18, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Falls In Black Market, As Naira Prepares For Highest Devaluation

The exchange rate between the naira and the dollar fell in the black market on Wednesday, as the Nigerian currency appreciates by 1.25 per cent. This represents a N10 loss in the Dollar naira rate at the parallel market, with the Bureau

November 17, 2022

Obi, Atiku, Tinubu's Economic Plans To Create Highest Naira Devaluation

Business·Insights

Obi, Atiku, Tinubu’s Economic Plans Still Prone To Naira Devaluation

Next year, Nigeria’s currency, the Naira, will record its highest devaluation in recent years, ushering the country into a single foreign exchange market after years of operating a multiple exchange rate regime. Prime Business Africa drew this conclusion from the political tone

November 17, 2022

Business·Currency

Dollar Rate Rises By N100 In Black Market, As Naira Ends Gain

The naira couldn’t hold on to the gains of last week, as the dollar rate increased by N100 in the black market, representing -17.6 per cent decline in the value of the Nigerian currency, on Monday. It was learnt that the dollar

November 14, 2022

Business·Currency

Dollar Trades For N445.67 In Official Market, Black Market Offers USD At N850

The naira appreciated by 0.09 per cent against the dollar on Wednesday in the official foreign exchange market backed by the Central Bank of Nigeria (CBN). Data obtained from the FMDQ Exchange disclosed that the exchange rate between the naira and dollar

November 10, 2022

Business·Currency

Naira appreciates, As Bureau De Change Sells One Dollar At N800

The Nigerian currency, naira, appreciated against the United States dollar on Wednesday according to a Bureau De Change operator in the black market. Prime Business Africa was told by the Bureau De Change operator in Isolo, area of Lagos State, that the

November 9, 2022

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Black Market - Page 6

Dollar Rate Rises In Official Market, CBN’s Emefiele Blames Nigerians Abroad

Naira Sustains Slow Recovery, As Dollar Goes For N772

5 Major Reasons Naira Won’t Recover Soon

Dollar Rate Stable At Black Market, Falls In Official Channel After EFCC’s Prediction

6 Reasons Naira Gains, Loses In Black Market

Dollar Rate Falls In Black Market, As Naira Prepares For Highest Devaluation

Obi, Atiku, Tinubu’s Economic Plans Still Prone To Naira Devaluation

Dollar Rate Rises By N100 In Black Market, As Naira Ends Gain

Dollar Trades For N445.67 In Official Market, Black Market Offers USD At N850

Naira appreciates, As Bureau De Change Sells One Dollar At N800

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Black Market - Page 6

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