Naira Slumps

FOREX: Naira Slumps To N1,170/$ In Parallel Market

News Rangers2 years ago01 mins

LAGOS DECEMBER 5TH (NEWSRANGERS)-The Naira, on Monday, depreciated to N1,170 per dollar in the parallel market from N1,166 per dollar last week Friday. However, the Naira appreciated to N837.77 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N837.77 per dollar from…

Naira Slumps Across Forex Markets As CBN Governor Slams Black Market

News Rangers5 years ago5 years ago07 mins

LAGOS NOVEMBER 26TH (NEWSRANGERS)-Forex turnover dropped by 68.2%, as the Naira’s exchange rate at the NAFEX window depreciated significantly against the dollar to close at N393.25/$1 during intra-day trading on Wednesday, November 25. Also, the naira crashed further against the dollar, closing at N487/$1 at the parallel market on Wednesday, November 25, 2020, as the…

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FOREX: Naira Slumps To N1,170/$ In Parallel Market

Naira Slumps Across Forex Markets As CBN Governor Slams Black Market