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parallel market

Naira drops further to 492/$1 at parallel market

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Following the prediction by some analysts that the naira may hit N500 to the US dollar at the parallel market, the local currency yesterday fell further to close at 492 per dollar against 491 it was traded on Tuesday.     The naira sold at 486 to a dollar but closed at 492, while Euro and […]

Naira appreciates to N487/$1 at parallel market

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The Naira yesterday appreciated by N3 to close at N487 per US dollar from Tuesday’s N490, having traded for 495 per dollar last Friday when the market closed for the New Year holiday.     Towards the end of 2016, the Naira had stabilized at N485 against the dollar for about two weeks but fell […]