February 17, 2016/Punch The acute scarcity of foreign exchange, especially the United States dollar, made the naira to fall further on Tuesday to 252 against the greenback at the parallel market. The increasing pressure on the naira is caused by high demand for the dollar by importers and speculators, foreign […]
Tag: Association of Bureau De Change Operators
Naira hits 278 as dollar supply worsens
January 8, 2016 by Femi Asu, Punch The naira took further beating on Thursday at the parallel market, trading near its 2015 high of 280 against the United States dollar. The dollar was sold for N278 at the parallel market on Thursday, as against 273 on Wednesday and 267.5 on […]
Naira falls to 267.5 as dollar demand rises
Culled—Punch by Femi Asu The demand for the United States’ dollar at the parallel market was up on Tuesday, driving down the naira to 267.5 against the greenback. The naira had on Monday closed at 265 against the dollar in the unofficial market, compared to 263 on Sunday. The Acting […]
