Tag: FX black market

Naira Crashes to N758/$1 at P2P, N742/$1 at Parallel Market

by Harry Choms

May 13, 2023

On Saturday, May 13, the Naira depreciated against the US dollar in the peer-to-peer (P2P) and parallel markets but appreciated in the Investors and Exporters (I&E) window of the foreign ...

Naira hoarders drive exchange rate past N800/$1 at FX black market

by Harry Choms

November 1, 2022

Reports suggest that the naira-dollar exchange rate fell to N800/$1 on Monday at the fx black market, despite some outlets reporting an exchange rate of N865/$1. Although Entrepreneurng cannot confirm ...