CBN: Naira Devaluation and Exchange Rate in November 2020
Central Bank of Nigeria, CBN devalued the Naira three times in 2020 In August the CBN reopened forex trade to Bureau de Change operators after …
Tag: Naira/Dollar
Daily Euro, Dollar Exchange Rates At The Parallel Market
The naira is not resistant to the strengthening rates of dollar and euro which are recording high daily rates as the rally for foreign currency …
Naira to Dollar More Stable At Parallel Market, Other Rates Change
The naira appears to be more stable at the parallel market after a closing rate of 470 naira/dollar on Thursday, July 16, 2020. Aboki FX shows the …
WEEKAHEAD-Africa FX – Naira Weakens Against Dollars
The week ahead doesn’t look too good for the Kenyan and Nigerian currencies. Reuters Africa reports that both naira and shilling currencies will likely come …
Naira/Dollar – Naira is a long way from recovering this weakness
As oil prices continue to plunge, Naira follows right after it. As of Friday, Nigeria’s currency was at about 500 Naira/dollar in the black market. …