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Nigeria's exchange rate falls below N400/$1 for the first time since August 2016, what could possibly be wrong with this?

Within the past few days, the Naira has fallen below N400/$1 for the first time since August 2016, expectedly there has been a lot of cheer and excitement and even commendations for the Central Bank of Nigeria (CBN) and the Federal Government (FG). 763 more words

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The naira has continued its climb against the dollar on the black market following series of intervention plans by the Central Bank of Nigeria in the foreign exchange market. 206 more words

Business & Economy

How the Black Market is Saving Two Countries from Their Governments

Ever since governments began banning and licensing different parts of the economy, the black market has made sure people still have access to the things they need. 1,067 more words

News

​Black market operators lose as naira trades at N400/dollar

​Black market operators lose as naira trades at N400/dollar

Following the Central Bank of Nigeria ’ s intervention in foreign exchange , the Naira traded N400 to a dollar at the black market on Wednesday in Abuja . 255 more words

Exchange Rate

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Exchange Rate – http://FREECharts.net EURO CONVERTER : 00:00:05 Euro Converter 00:00:23 Euro Conversion 00:00:42 Euro Exchange 00:01:01 Exchange Rate 00:01:20 Foreign Exchange Euro Converter Euro: Trading currency like the Euro requires a reliable source of quotes and custom charts. 22 more words

David Hess

Exchange Rate

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Exchange Rate – http://FREECharts.net EURO CONVERSION : 00:00:05 Euro Conversion 00:00:23 Euro Exchange Rate 00:00:42 Euro Exchange 00:01:01 Euro Rate 00:01:20 Exchange Rate Euro Conversion Euro: Trading currency like the Euro requires a reliable source of quotes and custom charts. 18 more words

David Hess

The Nigerian naira has continued to make impressive progress against the dollars as it exchanged N455/$1 at the parallel market on Friday. This is coming after the Central Bank of Nigeria sold $150 million to authorized foreign exchange dealers on Wednesday and also offered $100 million at the interbank market on Thursday. 201 more words

Business & Economy