Tag: Dollar

  • Naira gains N28.34 against dollar at official market

    Naira gains N28.34 against dollar at official market

    The Naira on Monday gained N28.34 at the official market, trading at N1,468.99 to the dollar.

    Data from the official trading platform of the FMDQ Exchange revealed that the gain represented a 1.89 per cent appreciation for the Naira.

    The percentage increase is impressive when compared to the previous trading date on Friday, May 17, 2024 when the local currency traded at N1,497.33 to the dollar.

    Also, the volume of currency traded appreciated as the total daily turnover increased to 161.41 million dollars on Monday up from 83.50 million dollars recorded on Friday.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,550 and N1,400 against the dollar.

  • Naira gains N61.38 against Dollar at official market

    Naira gains N61.38 against Dollar at official market

    The Naira on Wednesday appreciated at the official market, trading at N1,459.02 to the Dollar.

    Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N61.38.

    This represents a 4.04 per cent gain when compared to the previous trading date on Tuesday, when the local currency exchanged at N1,520.40 to a Dollar.

    Also, the total daily turnover increased to 289.14 million dollars on Wednesday up from 128.76 million Dollars recorded on Tuesday.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,593 and N1,401 against the Dollar.

  • Naira depreciates 0.3% against dollar

    Naira depreciates 0.3% against dollar

    The Naira on Wednesday slightly depreciated at the official market, trading at N1,421.06 to the dollar.

    Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N4.49.

    This represents a 0.31 per cent loss when compared to the previous trading date on Tuesday when it exchanged at N1,416.57 to a dollar.

    However, the total daily turnover increased to N164.74 on Wednesday, up from 160.77 million dollars recorded on Tuesday.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,440 and N1,335 against the dollar.

  • Naira slides by 4.6% against dollar

    Naira slides by 4.6% against dollar

    The Naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar.

    Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N62.36.

    This represents a 4.60 per cent loss when compared to the previous trading date on Monday when it exchanged at N1,354.21 to a dollar.

    However, the total daily turnover increased to 160.77 on Tuesday, up from 84.83 million dollars recorded on Monday.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,445 and N1,301 against the dollar.

  • Naira appreciates further, gains by 3.3%

    Naira appreciates further, gains by 3.3%

    The Naira on Monday further appreciated at the official market, trading at N1,354.21 to the Dollar.

    Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira gained N46.19.

    This represents a 3.29 per cent gain when compared to the previous trading date on Friday, May 3, when it exchanged at N1,400.40 to a Dollar.

    However, the total daily turnover reduced to 84.83 million dollars on Monday, down from 201.88 million dollars recorded on Friday.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,441.00 and N1,285.00 against the Dollar.

  • Naira appreciates by 0.2% against Dollar

    Naira appreciates by 0.2% against Dollar

    The Naira closed the week on a positive note, trading at N1,400.40 against the Dollar, according to data from the FMDQ Exchange.

    The Naira gained N2.27, representing a 0.16 per cent increase when compared to Thursday’s exchange rate of N1,402.67.

    However, the total daily turnover reduced to 201.88 million dollars on Friday, down from 232.84 million Dollars recorded on Thursday.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,435.00 and N1,300.40 against the Dollar.

  • Naira depreciates against Dollar at official market

    Naira depreciates against Dollar at official market

    The Naira on Thursday slightly depreciated at the official market, trading at N1,402.67 to the Dollar.

    Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N11.71

    This represents a 0.84 per cent loss when compared to the previous trading date on Tuesday April 30, when it exchanged at 1,390.96 to a Dollar.

    However, the total daily turnover increased to 232.84 million Dollars on Thursday, up from 225.36 million Dollars recorded on Tuesday.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between 1,445.00 and N1,299.42 against the Dollar.

  • Naira rebounds, gains N28.15 against Dollar

    Naira rebounds, gains N28.15 against Dollar

    The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 to the Dollar.

    Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the gain represented a 1.98 per cent appreciation for Naira.

    The percentage increase is significant when compared to the previous trading date on Monday, April 29.

    The local currency experienced about two weeks steady fall by exchanging at N1,419 to a Dollar.

    The success story was replicated in the volume of currency traded, as the total daily turnover increased.

    The daily turnover stood at 225.36 million dollars on Tuesday up from 147.83 million dollars recorded on Monday.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,450 and N1,200 against the Dollar.

  • Naira slides by 6% against Dollar at official market

    Naira slides by 6% against Dollar at official market

    The Naira on Monday further depreciated at the official market, trading at N1,419.11 to the Dollar.

    Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N79.88

    This represents a 5.96 per cent loss when compared to the previous trading date on Friday April 26, when it exchanged at N1,339.23 to a Dollar.

    Also, the total daily turnover reduced to 147.83 million dollars on Monday, down from 309.01 million dollars recorded on Friday.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,451.00 and N1,060.00 against the Dollar.

  • Pastor Odumeje returns to Nigeria, brags of crashing the dollar again with ‘Abidoshaker’

    Pastor Odumeje returns to Nigeria, brags of crashing the dollar again with ‘Abidoshaker’

    The Mountain of Holy Ghost Intervention and Deliverance Ministry, Prophet Chukwuemeka Ohanemere popularly known as indabosky or  Odumeje, has again boasted that the naira depreciated because he wasn’t around in the country.

    It would be recalled that Odumeje travelled to the United Kindgom and spent some weeks.

    However, the  cleric said he has returned to Nigeria to stop the appreciation of the dollar against the Nigerian currency.

    Odumeje, in a video recorded at the airport while returning from London, boasted: “This is Indaboski Bahose. The war and the battle. A man full of power and activities. The only man who tells you, “I will bring down a dollar,” and he gets it done. When I left the country, dollar began to rise; now, I am back, I will continue where I stopped.”

    In a video recording of one of his church programmes a few weeks ago, the self-acclaimed prophet had claimed that the exchange rate of dollar to naira came down because of one of his powers, which he dubbed ‘Abidoshaker.’

    His claims came on the heels of the Nigerian currency’s significant gains after exchanging at N1,920 per dollar.