Tag: Parallel Market
Naira Hits Record Low: $500 Now Worth 750,000+ in Nigeria
The Nigerian naira hit a record low against the U.S. dollar on , with $500 now exchanging for more than 750,000 naira on the parallel market, according to financial analysts. The depreciation, driven by...
Dollar to Naira Exchange Rate Hits New High Today
The dollar to naira exchange rate surged to a new high today, reaching 1,500 naira per dollar in Nigeria’s parallel market, according to financial analysts and currency traders. The sharp rise comes amid persistent...
Naira Drops to New Low Against Dollar Today
The Nigerian naira weakened to a new record low against the U.S. dollar on Monday, trading at 1,300 naira per dollar in the parallel market, according to local currency traders. The decline marks the...