Tag: exchange rates

The currencies are Cayman Island’s dollar, British pound, Jordanian dinar, Omani rial, Bahraini dinar and Kuwaiti dinar

Senator Datti Baba-Ahmed has stated that Nigeria has 11 different exchange rates, which are not sustainable.

The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension ...

The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market.

Even though there was a little appreciation in the NAFEX window, the Naira depreciated at the black market.

The naira has been hitting record lows on the parallel and over-the-counter spot markets.

With the government under pressure to earn dollars, reliance has shifted mostly towards foreign borrowing.

The U.S dollar index that tracks the American dollar against a basket of other major currencies was down 0.67% to ...

The consistent slide of the naira in the parallel market is a pointer to the fact that CBN may further ...

Nigeria's currency continued to depreciate at the forward market, as worries strengthened that the CBN might have to devalue the naira again.