• Latest
  • Trending
  • All
Naira Hits Stronger At Parallel Market Against Dollar

Naira Hits Stronger At Parallel Market Against Dollar

NNPC Boss Ojulari Allegedly Forced to Resign

Presidency opens up on Alleged ‘Forceful Resignation’ of Ojulari as NNPC Chairman

Boxing legend Muhammad Ali’s brother dies

Boxing legend Muhammad Ali’s brother dies

NNPC Boss Ojulari Allegedly Forced to Resign

NNPC Boss Ojulari Allegedly Forced to Resign

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

Angry Youths loot CBEX Office in Ibadan [Video]

EFCC Gives Update on CBEX Funds Recovery

Dino Melaye dumps PDP, says ‘Party is impotent’

Dino Melaye dumps PDP, says ‘Party is impotent’

When Wolves Wear Sheep’s Clothing by Fatimah Hamid

Killer Of Kwara Final-Year Student Sentenced To Death

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

CAC sets Deadline to delist 100,000 Dormant Companies

CAC sets Deadline to delist 100,000 Dormant Companies

Court orders NYSC to allow Skirts for Female Corps Members

Court orders NYSC to allow Skirts for Female Corps Members

Nigerian Government sets New Entry Age for Admission to JSS 1

Nigerian Government sets New Entry Age for Admission to JSS 1

Пориньте у світ виграшів, де goxbet вход відкриває безмежні шанси для справжніх поціновувачів азарту

  • About Us
  • Advertise with Us
  • Editorial Policy
Tuesday, August 5, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home Business News

Naira Hits Stronger At Parallel Market Against Dollar

by iDeemlawful
November 22, 2021
A A
Naira Hits Stronger At Parallel Market Against Dollar
FacebookTwitterWhatsapp

The naira was trading at N545 to the dollar on the parallel market at the weekend, maintaining its strongest level since early September 2021. The local currency exchanges at N411.59 to the dollar at the official market.

The naira stability was triggered by drop in dollar demand by importers and other forex users who are going for substitutes for importee products and raw materials.

The Nigeria’s foreign exchange reserves declined to $41.5 billion this week, a drop of around $100 million, according to the Central Bank’s 30-day moving average benchmark.

RelatedPosts

Nigerian Banks resume International Transactions on Naira Cards

Nigeria Pays Back all N2.59trn IMF Debt

CBN: Both Old and New Naira Notes Remain Legal Tender Indefinitely

Naira makes heavy recovery against Dollar with CBN’s New Directive

Trading Desk Manager, AZA, global forex dealer, Murega Mungai, said inflation also fell for a seventh consecutive month, with prices rising by 15.99 per cent in October compared to 16.63 per cent a month earlier, driven lower by falling food costs.

“With weaker dollar demand unlikely to change, we expect the Naira to remain around the N540 to dollar handle in the coming week (this week),” he said.

Responding to the naira position, the International Monetary Fund(IMF), welcomed steps taken toward unification of the exchange rate and stressed the need for further actions

Tags: DollarIMFNaira
Previous Post

THE APPLICABILITY AND LIMITATIONS OF “QUIC QUID PLANTATUR SOLO SOLO CEDIT” UNDER THE NIGERIAN LAND LAW _ AZEEZ AZEEZAT AYOMIDE

Next Post

Kill Bandits And Bring Their Corpses, Chief Of Army Staff Orders Troops

iDeemlawful

iDeemlawful

Related Posts

CAC sets Deadline to delist 100,000 Dormant Companies
Business News

CAC sets Deadline to delist 100,000 Dormant Companies

How President Tinubu, Opposition Coalition Leaders Snubbed Each Other at Buhari’s burial
Featured

How President Tinubu, Opposition Coalition Leaders Snubbed Each Other at Buhari’s burial

How Buhari was Honoured, Buried
Breaking News

How Buhari was Honoured, Buried

ADC website Crashes as Nigerians flood site to join Coalition Party
Featured

ADC: Five Unveiling Crisis casting doubts on the New Coalition

Muhammadu Buhari (1942–2025): Life, Times, “Presidency and Medical Trips”
Breaking News

Muhammadu Buhari (1942–2025): Life, Times, “Presidency and Medical Trips”

Business News

After $3b repairs, NNPC Considers Selling Nigeria’s 445,000 bpd Refineries

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST
Business News

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST

Why NNPC Refineries May Never Work Again – Dangote
Business News

Why NNPC Refineries May Never Work Again – Dangote

Reactions as CAC’s AI system approves ‘BokoHaram Hub’, ‘Nigeria Must Scatter’, others for Business Names
Business News

Reactions as CAC’s AI system approves ‘BokoHaram Hub’, ‘Nigeria Must Scatter’, others for Business Names

Trump threatens Nigeria with 10% Tariff for Supporting BRICS
Featured

Trump threatens Nigeria with 10% Tariff for Supporting BRICS

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In