The Nigerian currency was quoted at N400 per dollar for the first time on the parallel market on Friday, traders said, citing a surge in demand for the greenback from individuals travelling abroad for their summer holidays.
In the official interbank market, the naira was trading at 310.50 to the dollar as of 1208 GMT.
The naira has weakened on the parallel market since this week after it opened with a quote of 381 on Monday.
Nigeria’s Securities and Exchange Commission (SEC) has revised the minimum capital for regulated entities operating in the capital market. SEC…
The Nigerian Exchange (NGX) has extended its strong momentum into 2026, building on one of its most impressive rallies in…
...to list 1.086bn units at N1.81 per share The Nigerian Exchange Limited (NGX) is set to list Zichis Agro Allied…
In the trading week ended Friday January 16, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and market capitalisation increased…
