Tag Archives: Dollar

The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days.

Read More »

The naira recorded a gain against the United States dollar on the parallel market on Tuesday, a day after the Central Bank of Nigeria injected $240m into the foreign exchange market. The local unit rose from 395/dollar on Monday to 390/dollar on Tuesday as the new forex supply weighed on the market. The CBN had on Monday released the sum …

Read More »

The Nigerian currency, the Naira is set to witness further decline against the US Dollar due to scarcity of the Dollar. Against expectation, population of Nigerians traveling home for the holidays fell short resulting to shortage of Dollars returning home with them. The Naira closed at 490 to the Dollar on Friday, from 495 against the dollar last Friday at …

Read More »