black market

Dollar to Naira: Naira Stabilises at N1,515 at the Black Market

Dollar to Naira: Naira Stabilises at N1,515 at the Black Market

The Nigerian naira has recently demonstrated notable resilience against the U.S. dollar in both official and parallel foreign exchange markets.… Read More

4 months ago

Naira holds steady at N1600/$ despite FX market improvements

The Nigerian naira remained stuck at N1600/$ in the black market on Wednesday, despite improving fundamentals in the country's foreign… Read More

10 months ago

Forex Woes: Patients Left in Limbo As Nigeria’s Pharmaceutical Industry Plunged into Peril

In recent times, Nigeria has witnessed a concerning phenomenon: the departure of pharmaceutical companies due to economic challenges. GlaxoSmithKline (GSK),… Read More

2 years ago

The Naira in 2021: Gap between CBN & Parallel Market Rates to Stay

The exchange rate or the external value of the naira is the most important price in the Nigerian economy. Hence,… Read More

4 years ago

“Our children would die of hunger” – Nigeria’s Forex Dealers Lament Dollar Scarcity

In May 2020, the Director of Nigeria’s Budget Office revealed that the country had lost around 80% of oil revenue… Read More

5 years ago

“CBN Forex Rate is a Joke”: Why the Black Market Is Popular

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, last week criticized Nigerians for patronizing the black market for foreign… Read More

5 years ago

Working Lives: The Mallam Who Specialises in Yahoo Yahoo Dollars

[vc_row][vc_column][vc_column_text]"Yahoo Yahoo guys process money every day. They often connect me to more of their friends because I always get… Read More

5 years ago

Despite CBN Interventionist Strategies, Naira Exchanges for N462

The Nigerian Naira on Thursday continued its downward slope in recent days, as it exchanged for the dollars at N462… Read More

5 years ago

“This is Ridiculous”: Nigerians React to 100 Dollar Naira Debit Card Spending Limit

We spoke to seven Nigerians about how the new $100 limit is affecting them - they range from Lagos businesswomen… Read More

5 years ago

The Dollar Mallam: Thriving Amid Naira Devaluation in the Black Market

The Dollar Mallam Who Gets A lot of Customers After Naira Devaluation In this exclusive interview, we delve into the… Read More

5 years ago

Working Lives: The Black Market Dollars Dealer Who Used to Be a Porter at Kano Airport

"I have a house of my own in Kano. This is such a big deal for me, as I have… Read More

5 years ago