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Official market - Page 7

Naira Opens Week With Gain Across FX Markets

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

The naira appreciated in the official market on Tuesday, December 3, 2023, as the Central Bank of Nigeria (CBN) backed foreign exchange channel resumed for forex trading. After trading hours, the dollar exchanged for the naira at N461/$1, indicating the United States currency

January 4, 2023

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

Business·Currency

Bureau De Change Operators Sell One Dollar Below N750

The Bureau De Change window of the black market kept the exchange rate of the naira to dollar below N750 on Tuesday, January 3, 2023. After a one-day public holiday to celebrate the New Year, the dollar rate maintained a level between

January 3, 2023

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, Rises To N461 In CBN-Backed Channel

The dollar rate in the official market increased on Thursday by 0.07 per cent as traders reduced the volume of transactions by 27.48 per cent. On December 29, foreign exchange trading record obtained from FMDQ Securities showed that the exchange rate between

December 30, 2022

BDC Operators' Pound Rate Causing Gains, Loses For Nigerians

Business·Currency

Black Market’s Pound Rate Causing Gains, Loses For Nigerians

On Wednesday, the pound extended its value closer to N1000 exchange rate in the Bureau De Change window of the black market, selling above the dollar rate. Prime Business Africa was told by Bureau De Change operators that they sold one pound

December 28, 2022

Business·Currency

BDC Operators Offer To Buy Dollar At N730 To Entice Official Market Traders

The exchange rate between the dollar and naira continues to sell above N700 in the black market, as demands for foreign exchange switched to the parallel market due to the Christmas holiday in the official market. Amid the yuletide period, the black

December 28, 2022

Business·Currency

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

As Nigerians celebrate the yuletide period, the dollar rate remains at a premium in the black market, as the naira exchanged at N740/$1 on Tuesday. The exchange rate between the naira and the dollar in the parallel market maintains more than N200

December 27, 2022

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

Business·Currency

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

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Nigerians Pay More For Dollar In Official Market, As Naira Crashes

At the Investors and Exporters (I&E) window of the official market, the exchange rate between the naira and the dollar appreciated to N452.67/$1 on Tuesday. This indicates the naira depreciated by -0.26 per cent when compared to the N451.5/$1 data from the

December 21, 2022

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

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Official market - Page 7

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

Bureau De Change Operators Sell One Dollar Below N750

Dollar Rate Drops In Black Market, Rises To N461 In CBN-Backed Channel

Black Market’s Pound Rate Causing Gains, Loses For Nigerians

BDC Operators Offer To Buy Dollar At N730 To Entice Official Market Traders

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

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

Nigerians Pay More For Dollar In Official Market, As Naira Crashes

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

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Official market - Page 7

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