NMDPRA to suspend license of marketers, petrol stations selling to illegal peddlers
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a stern warning to filling stations and fuel marketers ...
Tag: Black Market
News and analysis about black market
Naira appreciates by 7.62% to N2100 against Great British Pound at the black market
The naira experienced a significant uptick on Monday, reaching a peak of N2100 per Great British Pound (GBP) in the ...
Exchange rate appreciates to N815.32/$1 at the official market
The Nigerian naira appreciated against the dollar on Tuesday, 31 October 2023, closing at N815.32/$1 at the official market.
Black market welcomes Cardoso with N960/$1, P2P now N970/$1
The exchange rate between the naira and the dollar fell to a record low of N960/$1 on Monday, the first ...
Naira crashes to N775/$ days after CBN announced new naira notes
The plunge was attributed to a spike in dollar demands prompted by CBN’s plan to redesign the naira
Naira falls big to N740/$1 on black market
The exchange rate has maintained a downward trend, following the move by the apex bank to raise the interest rate ...
Again, Naira falls to N705/$ at black market
The Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once again.
EFCC battles black market to boost naira, local currency gains N60 to $1 within a week
After the nation's anti-graft agents raided currency operators in Lagos and Abuja, the naira recovered from a record low against ...
Naira falls to N700/$1 at black market
The exchange rate between the naira and the US dollar has fallen beyond the N700/$1 threshold at the parallel market ...
The operators that determine Nigeria’s black market exchange rate
The exchange rate at the parallel market is determined by several powerful forces.
