Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

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Naira Heading Above N600/ $1 In P2P Market , As Dollar Appreciates In Global Forex Market

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Nigeria local currency Naira opened at N600.00 per $1 at the parallel market otherwise known as the black market, today, 4th May 2022, in Lagos Nigeria, after it closed at N591.00 per $1 on Tuesday, 3 May 2022 as the long holiday ends….

Naira Drops To N590 Per Dollar At P2P Market.

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The exchange rate at the peer-to-peer market fell sharply to N590/$1 on Thursday morning, this is the highest rate recorded since Naira downward trend continues unabated in the forex market. It also represents a 0.51% depreciation compared to N587/$1 recorded…

Dollar Hits N590, Forex Scarcity Worsens.

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The continued foreign exchange scarcity in Nigeria has worsen even as the exchange rate on the parallel market is inching towards N590/$1, recent forex market report shows. The development may lead to massive job loss in the manufacturing industry, among other…

Naira Drops To 581 To A Dollar At P2P Market.

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Naira loses at the Peer-to-Peer (P2P) market on Friday to trade at N581.2/$1, representing a 1.1% depreciation compared to N575/$1 that it had maintained in the previous three trading sessions. The exchange rate between the naira and the US dollar…

Naira Drops At N580 To A Dollar At Black Market Today As Forex Demand Grows.

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The exchange rate at the parallel market fell on Monday to close at N580/$1, representing a 1.22% decline compared to $573/$1 recorded in the previous trading session, according to information obtained from BDC operators. Nairametrics is reporting that FX turnover…

Zambia Currency Kwacha Appreciates 27% Against Dollars In 2021, Rated Most Improved African Currency 2021.

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Zambia’s currency Kwacha recorded a global record in international transaction performance owing to investors confidence on the new government’s chances of securing a bailout deal with the International Monetary Fund and negotiating a debt restructuring and global demand for the…

Naira Falls at Official and Black Market Amidst Festive Season Inflations.

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As the most festive time of the peaks, Naira exchange rate as at 22 December against the US dollar closed at N415.1/$1 at the official Investors and Exporters (I&E) window. Naira depreciated by 0.07% against the US dollar on Tuesday…

Bitcoin Will Replace Dollar: Jack Dorsey.

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Jack Dorsey has claimed that Bitcoin will replace the dollar he tweeted that said Tuesday, in response to a tweet by rapper Cardi B. Cardi B broadly asked if crypto would replace the U.S. currency to which Dorsey replied “Yes,…

Naira Depreciates N550 To a Dollar.

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The Naira was at a record low against the dollar this week, depreciating to nearly N550 at the unofficial market from N530 at last week’s close as demand for the greenback from importers continues to bump up against scarce market…

Naira Drops To N530 Per Dollar In Forex and Crypto Market.

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Naira hit a new record low, depreciating against the dollar at the parallel market, as it closed at N530/$1 on Thursday, 2nd September 2021, representing a N2 drop when compared to N528/$1 recorded on the previous trading day. The naira fell to an…