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Monday, April 8 was a sad day for currency traders following their huge losses as the local currency, the Naira continues to appreciate in value. Decreasing demand for the dollar was recorded as the Naira continued to strengthen in both the official and parallel markets. The losses were a result of a 12% decrease, equivalent […]
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The pressure on the Parallel Market (Black Market) Dollar rates continues as the exchange rate differential closes up with the official bank rate. At the Lagos Parallel Market players bought a dollar for N1460 and sold at N1470 on Saturday 3rd February 2024, according to sources at Bureau De Change (BDC). This comes as the […]
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Nigerians at the Cotonou border are screaming about the the exchange rate as N1000 this morning equalled 1000CFA in the black market. Time it was when Nigerians mocked the worthless value of the Francophone West Africa currency. It took barely 24 hours for the 2 currencies to square up leaving business men wondering where to […]
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