Parallel Market

Naira Depreciates at Official Window to N1,433/$1, Parallel Market Declines to N1,460/$1

The highest spot rate recorded on Tuesday, was N1,519.78/$1 while the lowest spot rate recorded was N894.99/$1.

9 months ago

Concerns Mount As Naira Hits N1,200 At Parallel Market, N1,099 At Official Window

Analysts attributed the weakening of the exchange rate to the activities of currency hoarders.

11 months ago

Naira Weakens To N1,100 on Parallel Market as Dollar Supply Shrinks

“It must be emphasised that CBN does not have a magic wand that can be waved at the current economic…

1 year ago

Naira Advances Towards N1000 Per $1, Hits Record Low Of N915 To $1 At Parallel Market

Nigeria’s economy has been under pressure since the Central Bank of Nigeria (CBN) floated the currency in June.

1 year ago

Oil Theft, Petrol Subsidy Push Nigeria’s Currency Past N700/$1 in Parallel Market

This is against the backdrop of unbridled borrowing and rising debt service cost which exceeded revenue by as much as…

2 years ago