By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Thursday slumped 20.69 percent on Thursday following gains recorded earlier in the week reversing to trade N350 to a dollar, according to Cordros daily market update. The update affirmed that as at the time of its report, the naira in the interbank market […]
Tag: Dollar
Naira now 300/dollar as forex supply slows
February 25, 2016/Punch By Oyetunji Abioye The naira rose further on Wednesday against the United States dollar at the parallel market to 300 from 310 on Tuesday. The local currency, which closed at 391 against the greenback last Thursday, had risen to 375 and 310 on Monday and Tuesday, respectively. […]
Naira rises to 375 as dollar demand drops
February 23, 2016/Punch The naira rose to 375 against the dollar at the parallel market on Monday as the demand for the greenback began to drop. The demand for the United States’ currency, which closed at 390 against the naira on Friday, had been on the rise in the past […]
