Tag: exchange rate
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Naira suffers 40% depreciation in first half of 2024
The Naira depreciated by over 40 percent in the first half of 2024 in the foreign exchange market. FMDQ data showed that the Naira weakened to ₦1505.30 per dollar on Friday, down from between ₦896.6 and ₦907.11 where it closed on December 29, 2023. The figures indicate that the Naira has faced continued instability against…
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Naira regains confidence after nose diving against Dollar for nine days
The Naira appreciated against the dollar at the foreign exchange market on Friday to end the week on a positive note after nine days of depreciation. FMDQ data showed that the Naira gained at N1505.30 against the dollar on Friday from N1510.10 traded on Thursday. This represents a N4.8 gain against the dollar compared to…
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Naira appreciates against Dollar by 0.02%
The Naira on Monday slightly appreciated at the official market trading at N1,483.62 to the Dollar.
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Official market: Naira appreciates by 9.7% against Dollar
The Naira on Monday experienced huge appreciation at the official market, trading at N1,339.33 to the Dollar.
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CBN told to lower import duty exchange rate
The Lagos Chamber of Commerce and Industry (LCCI) has advised the Central Bank of Nigeria (CBN) to apply an import duty exchange rate lower than the official rate for a fixed time.
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CBN releases Dollars to BDCs at N1,021
The Central Bank of Nigeria has approved the sale of an additional 10,000 dollars to 1,583 eligible Bureaux De Change (BDCs) in the country to meet market demands.
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Exchange rate: Naira loses 6% against Dollar
The Naira on Monday slightly depreciated at the official market, trading at N1,234.49 to the Dollar.
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Again, Naira gains against Dollar at official market
The Naira on Monday appreciated at the official market, trading at N1,136.04 to the Dollar.
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Naira makes huge recovery, gains 7.2% against Dollar
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar.
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Exchange rate: NAHCON advises pilgrims on how to pay hajj fare
The National Hajj Commission of Nigeria (NAHCON) has advised intending pilgrims to pay the Hajj fare according to the prevailing dollar exchange rate on the day of payment. Mrs Fatima Sanda-Usara, the Assistant Director, Public Affairs, NAHCON, said this in a statement in Abuja on Tuesday.