PARALLEL MARKET Archives - Global Upfront Newspapers

Naira Defies FG’s Clampdown, Hits N1,900/$; Pound – N2,250

Global UpfrontFeb 21, 2024February 21, 20240

The naira Tuesday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau De

Naira Meltdown Continues, Now N1,600/$1 A Parallel Market, Despite CBN’s Efforts

Global UpfrontFeb 16, 2024February 16, 20240

The meltdown of Nigeria’s official currency, Naira, continues as crumbled at the parallel market segment of the currency market at midday of Thursday, February 15,

Naira Crashes To N1,405 In Parallel Market, N900.96 At Official Market

Global UpfrontJan 26, 2024January 26, 20240

Nigeria’s official currency, the Naira, continues its downward swing as it depreciated on Thursday to N1,405 per dollar in the parallel market, from N1,375 per

Naira Records Worst Year Since 1999 Return Of Democracy In Nigeria, Crashes To All-time Low Of N1043.09/$1 At Official Market– Report

Global UpfrontDec 30, 2023December 30, 20230

Naira has been rated among the world’s worst performing currencies in 2023, Bloomberg said in its latest report. It said the currency is poised for

Nigeria: Naira Slides To N1,175/$ In Parallel Market

Global UpfrontOct 20, 2023October 20, 20230

Nigeria’s currency, Naira on Thursday depreciated to N1,175 per dollar in the parallel market, from N1,100 per dollar on Wednesday. However, the Naira appreciated in

Naira Crashes, Crashes To N1,000/$ In Black Market

Global UpfrontSep 22, 2023September 22, 20230

Nigeria’s foreign exchange crisis worsened on Thursday as a dollar exchanged for over N1,000 at the parallel market. Survey at popular black markets in

Naira Inches To N1000/$1 At Parallel Market, Sells For N925 In Kano, N917 In Abuja, N890 In Lagos

Global UpfrontAug 10, 2023August 10, 20230

The naira plunged to a record low of N925/$1 on the parallel market on Wednesday as demand for foreign currency outstripped supply. This is the

Nigeria: Dollar Hits N600 At Parallel Market As Forex Supply Shrinks

Global UpfrontMay 17, 2022May 17, 20220

One dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the