The Naira yesterday appreciated to N1,755 per dollar in the parallel market from N1,770 per dollar on Monday. Similarly, the Naira appreciated to N1,659.44 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,659.44 per dollar from N1,675.62 per dollar on Monday, indicating N16.18 appreciation for …

Gradually and, just before you could blink an eye, the exchange rate of one US Dollar inched to N1,000, further widening the Importers & Exporters (I&E) window and the black-market rate to over 219 Nigerian Naira, even with the celebrated unification of the official and parallel market rates.  What a dilemma! The question on everyone’s lips is “how did we …

With the rate of exchange for foreign airlines going up for the third time in less than a month to N582/$1, an economy class ticket for a six-hour Lagos-London flight now cost between N1.1 million to N2.97 million, while a business class fare is between N3.36 million and N4.8 million. The variation depends on the airline of choice. The Guardian …