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Tag: USD

Naira on another freefall as it depreciates further at parallel market, trades at N1,520/$

May 14, 2024May 14, 2024Ayo Olowo

The Nigerian naira depreciated to N1,520 per dollar at the parallel section of the foreign exchange (FX) market on Monday. This is a 3.4 percent decline from the N1,470/$ traded on May 10. The bureau de change (BDC) operators, popularly known as street traders, put the buying price of the dollar at N1,490 and the selling price […]

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Naira continues downward slide, trades N560/$1 at parallel market after MPC meeting

November 25, 2021November 25, 2021Ayo Olowo

The Nigerian naira weakened against the U.S dollar at the parallel market on Wednesday to trade at N560 per dollar on Wednesday. The figure is N15 or 2.8 percent lower than the N545 it traded last week at the parallel market. Meanwhile, the currency which opened trading at an indicative price of N413.82/$1, depreciated by 0.3 […]

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