The dollar to Naira exchange rate deteriorated with Nigeria's persistent forex scarcity and rising demand for the United States Dollar.
Dollar to Naira exchange rate stood at N670 on Monday at the parallel market as scarcity remained an issue amid rising demand
Tunde Lemo has said arresting Bureau De Change Operators (BDcs) suspected to be hoarding U.S. dollars will only worsen the nation's economic position.
Persistent dollar scarcity amid economic uncertainties ahead of the 2023 general elections continues to drag on Nigeria's foreign reserves.
The Nigerian Naira is overvalued by 200% compared to most global currencies that are undervalued.
The Naira was exchanged at N700 for a United States Dollar at the black market while operators of that section of forex bought the U.S. Dollar...
The Nigerian Naira declined further against the United States Dollar at the Central Bank of Nigeria's (CBN) section of foreign exchange on Wednesday.
The Nigerian Naira traded at N610 to a United States Dollar at the parallel market popularly known as the black market in Ibadan, Oyo state on...
The United States Dollar (USD) exchange rate to European common currency (Euro) was the exact same in the early hours of Tuesday for the first time...
British Pound lost its early gains against the United States Dollar after Prime Minister Boris Johnson resigned on Thursday.
