Naira weakens against dollar after two-day rally
Naira depreciates at the official FX market after recent gains Currency falls to ₦1,366.06/$, losing ₦7.78 in one day Black market rate remains unchanged as foreign reserves stand at $46.81bn…
EFCC to Crack Down on Dollar Transactions by Schools, Hotels, Others
The Economic and Financial Crimes Commission (EFCC) has announced its intention to crack down on establishments that accept dollars in exchange for services within Nigeria. The EFCC labelled such practices…
Dollar to Naira Exchange Rate: Black Market Traders Sell at N1570
The dollar to naira exchange rate at the black market, also known as the parallel market, stands at N1570 for selling and N1560 for buying, according to sources at Bureau…
Dollar to Naira Exchange Rate Today: Black Market Rate Hits N1590
The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has hit N1590, with buyers purchasing at N1580 and sellers at N1590,…
Naira Gains Against Dollar at Parallel Market
The naira has appreciated against the US dollar at the parallel market, exchanging at N1595 and N1600 for buying and selling respectively. This is according to sources at the…
Naira Depreciates Further, Exchanges for N1620 Per Dollar
The naira continued its downward slide against the dollar, exchanging for N1620 per dollar at the black market. This represents a further depreciation of the naira, which has been…
Naira Gains Against Dollar in Parallel Market Amid CBN Reforms
The Nigerian naira has gained against the US dollar in the parallel market, trading at an average rate of N1,515 on Wednesday. The naira's recovery is attributed to the Central…
Naira Appreciates to N1,500 Per Dollar at Black Market
The Naira has continued to appreciate against the dollar at the parallel foreign exchange market. On Thursday, the Naira strengthened to N1,500 against the dollar in the black market, gaining…
Senate Summons Emefiele as Dollar Hits N700
The Senate on Wednesday, summoned the governor of the Central Bank of Nigeria, Godwin Emefiele, over the depreciation of the naira. The senators lamented that the United States dollar to…
NNPC Behind Naira Crisis – CBN
The Central Bank of Nigeria CBN says the non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for the naira’s free fall in the…