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Nigerian Naira maintained a stable posture across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market as trading commenced for the week. The United States Dollar traded at approximately ₦1,327.08 at the official NFEM window, holding steady following a stretch of robust liquidity inflows and increased turnover supported by the Central Bank […]
Continue ReadingNigeria’s Naira exchange rate in the parallel market for Friday morning, July 14, 2023, as confirmed by Bureau de Change operators, is as follows: Date Currency Buying(NGN) Central(NGN) Selling(NGN) 14/07/2023 US Dollar 800.00 — 805.00 Pounds Sterling 1005.00 — 1,015.00 Euro 825.00 — 835.00 Date Currency Buying(NGN) Central(NGN) Selling(NGN) Meanwhile, the official exchange rate as […]
Continue ReadingBetween June 2021, and June 2022, dollar-to-naira exchange rate has risen from N500 to N603 at the parallel market, signifying the greenback appreciated by 21 per cent within the one year period. Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market […]
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