What the crash in naira means for Nigerians
Naira on Friday fell to N720 per dollar, the lowest ever, following increased demand for the greenback on the parallel market, popularly called the black market.
The multiple exchange…
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Naira closes at N710 to dollar on rising demand
The pressure on foreign exchange continued on Thursday as the Naira depreciated by 0.28 percent against the dollar at the parallel market.
After trading on Thursday, the dollar was quoted…
Dollar-priced properties in Lagos struggle for business
Many properties with dollar rent tags in Lagos are struggling for tenants and buyers as supply outstrips demand in the high-end segment of the rental market.
Experts said the…
Naira closes unchanged as dollar liquidity drop
On Friday, the nation’s currency, the naira, closed unchanged at N428.12/$, following a drop in dollar liquidity at the Investors and Exporters (I&E) forex window, Nigeria’s official…
Dollar scarcity drives naira fall despite rising reserves
The shortage of dollars in Nigeria has pushed the naira to a new all-time low of 630 against the greenback in the parallel market, despite the recent increase in the country’s external…