Nigerian naira depreciates to N1,750/$ in parallel market
Olayomi Koiki Nigerian Naira on Friday depreciated to ₦1,750 per US Dollar in the parallel market from ₦1,745 per Dollar it traded on Thursday. But the naira appreciated to ₦1,652.62…
Naira depreciates to ₦1,700/$ at parallel market
Agency Report Lagos – The Nigerian naira depreciated to ₦1,700 per U.S. dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading…
Nigeria’s central bank auctions $876 million to 26 banks
Martins Owoseni Abuja – The Central Bank of Nigeria (CBN) has successfully auctioned $876.26 million to 26 deposit money banks (DMBs) in the latest Retail Dutch Auction System (RDAS) held…
Ethiopia’s central bank sells dollars to banks at special auction
The National Bank of Ethiopia sold dollars to commercial lenders as it seeks to close the gap between official and parallel exchange rates Reuters ADDIS ABABA – Ethiopia’s central bank…
NIGERIA: Naira down to ₦1,585/$ in parallel market
…down to N1,621.12 per dollar in the Nigerian Autonomous Foreign Exchange Market Olayomi Koiki The Nigerian Naira, on Tuesday, depreciated to N1, 585 per dollar in the parallel market from…
Naira falls to ₦1,610/$ in parallel market, ₦1,609.29/$ in Nigerian Autonomous Foreign Exchange Market
Olayomi Koiki The Nigerian Naira on Friday, 26 July, fell to N1,610 per dollar in the parallel market, down from N1,580 per dollar the previous day. In the Nigerian Autonomous…
IMF says Zambia’s de-dollarisation plan may be counterproductive
Bloomberg Zambia’s proposed ban on charging foreign currency in local transactions — punishable with 10-year jail terms — might defeat its own purpose, according to the International Monetary Fund. The…