Naira Plunge Against Dollar At Parallel Market naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
Naira Crashes Further Against Dollar At Parallel Market saharareporters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saharareporters.com Daily Mail and Mail on Sunday newspapers.
In spite of the Central Bank of Nigeria (CBN) warning that forex speculators and hoarders will be punished, speculators have continued to stash dollars as naira continues on a free fall. Checks at the parallel market on Tuesday showed that the naira exchanged at N485/$1. The naira also traded N410/ $1 at the I&E Forex […]
Friday, 25th March 2021, the exchange rate between the naira and the US Dollar closed at N409.75/$1 at the Investors and Exporters window.
Naira depreciated against the US Dollar on Thursday, 25th March 2021 after witnessing two consecutive gains at the NAFEX window to close at N409.75 to a dollar.
This represents a 0.24% decline, when compared to N408.75/$1 recorded on Wednesday, 24th March 2021.
However, in the parallel market, the naira remained relatively stable, as it closed at N486/$1, which is the same as recorded in the previous trading session.
Forex turnover on the other hand jumped by 394.4% from $34.76 million recorded on the previous day to $171.85 million as oil price continues its bearish trend.
Binding requirements have been placed on real estate agents, property dealers, jewelers, brokers, housing authorities, and developers for the generation