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Find out what parallel market is, why it emerges and how it is works in Nigeria. Parallel market definition Many dictionaries define parallel market as an informal market that exists alongside the official market in the countries with controlled economies, or if the existing market has proven to be insufficient for satisfying people’s needs. 6/11/ · The naira, on Wednesday, June 10, , depreciated to N to a dollar at the parallel market otherwise known as the black market as against the N to a dollar that it exchanged the previous day. The depreciation of the naira at the black market can be attributed to the pressure on the foreign exchange market despite the Central Bank of Nigeria’s efforts to boost the local currency. 5/21/ · Currencies Forex crisis: Those patronizing parallel market will lose money – CBN Governor. The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has warned firms and individuals against patronizing the parallel market, popularly called the black market.

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1/13/ · The Naira sank lower, both at the Investors and Exporters forex window and parallel market on Tuesday. The Naira exchanged at the parallel market for ₦/$1, this is according to the figures collected from Bureau De Change operators at the parallel market. The local currency gained some value after it ended in at ₦/$1. 6/11/ · The naira, on Wednesday, June 10, , depreciated to N to a dollar at the parallel market otherwise known as the black market as against the N to a dollar that it exchanged the previous day. The depreciation of the naira at the black market can be attributed to the pressure on the foreign exchange market despite the Central Bank of Nigeria’s efforts to boost the local currency. 7/9/ · The naira stayed stable at N/$1 on the parallel market yesterday, as traders appeared confused about whether the Central Bank of Nigeria’s (CBN) adjustment of the exchange rate at the official window by per cent to N per dollar from N/$ on Tuesday, meant that the apex bank had officially devalued the local currency or not.

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Find out what parallel market is, why it emerges and how it is works in Nigeria. Parallel market definition Many dictionaries define parallel market as an informal market that exists alongside the official market in the countries with controlled economies, or if the existing market has proven to be insufficient for satisfying people’s needs. 6/11/ · The naira, on Wednesday, June 10, , depreciated to N to a dollar at the parallel market otherwise known as the black market as against the N to a dollar that it exchanged the previous day. The depreciation of the naira at the black market can be attributed to the pressure on the foreign exchange market despite the Central Bank of Nigeria’s efforts to boost the local currency. 5/21/ · Currencies Forex crisis: Those patronizing parallel market will lose money – CBN Governor. The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has warned firms and individuals against patronizing the parallel market, popularly called the black market.

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1/13/ · The Naira sank lower, both at the Investors and Exporters forex window and parallel market on Tuesday. The Naira exchanged at the parallel market for ₦/$1, this is according to the figures collected from Bureau De Change operators at the parallel market. The local currency gained some value after it ended in at ₦/$1. 6/11/ · The naira, on Wednesday, June 10, , depreciated to N to a dollar at the parallel market otherwise known as the black market as against the N to a dollar that it exchanged the previous day. The depreciation of the naira at the black market can be attributed to the pressure on the foreign exchange market despite the Central Bank of Nigeria’s efforts to boost the local currency. Exchange rates in the Bureaux de Change are market determined. A parallel market for foreign exchange has been in existence since the exchange control era. It has been established that scarcity in the official sector and bureaucratic procedures necessitated the growth and development of .

Naira drops at the parallel market despite gaining at I&E forex window | Nairametrics
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Find out what parallel market is, why it emerges and how it is works in Nigeria. Parallel market definition Many dictionaries define parallel market as an informal market that exists alongside the official market in the countries with controlled economies, or if the existing market has proven to be insufficient for satisfying people’s needs. 7/9/ · The naira stayed stable at N/$1 on the parallel market yesterday, as traders appeared confused about whether the Central Bank of Nigeria’s (CBN) adjustment of the exchange rate at the official window by per cent to N per dollar from N/$ on Tuesday, meant that the apex bank had officially devalued the local currency or not. 6/11/ · The naira, on Wednesday, June 10, , depreciated to N to a dollar at the parallel market otherwise known as the black market as against the N to a dollar that it exchanged the previous day. The depreciation of the naira at the black market can be attributed to the pressure on the foreign exchange market despite the Central Bank of Nigeria’s efforts to boost the local currency.