Tag: Naira
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Naira looses N63.37 against dollar
The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar. Data from the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N63.37.
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Naira slumps to N1,669.15 per USD at official market
The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the Dollar.
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Naira depreciates by 8.24% against dollar
The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian
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Naira Nosedives to N1,700/$ at parallel market, lowest level in 7 months
The naira nosedived to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading hours, the naira depreciated by 1.49 percent compared to the N1,675/$ traded on Thursday. The N1,700 per dollar is the lowest the naira has depreciated since February 19, when the naira…
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Naira gains 2.24% against Dollar at official market
The Naira on Friday appreciated at the official market, trading at N1,540.78 to the Dollar.
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VERY sick Naira: CBN sells $20k to BDC operators at N1,590/$
The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,590/$. In a circular to all Bureau De Change operators dated September 25, 2024, the apex bank said the forex would provide “additional liquidity to this…
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Naira strengthens massively against Dollars
The naira experienced a significant appreciation against the dollar on Wednesday in the official foreign exchange market.
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Again, Naira strengthens against dollars
The naira continued its appreciation against the dollar in the official foreign exchange market on Monday. According to FMDQ data, the naira gained N3.21, trading at N1,570.99 per dollar on
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Naira strengthens despite hunger Protests, gains N42.88 against Dollar
The Naira appreciated by N42.88 against the dollar in the foreign exchange market on a week-on-week basis, following the Central Bank’s introduction
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Naira Stabilization Effort: CBN releases $876.26M to support currency
The Central Bank of Nigeria (CBN) has sold $876.26 million to end users through 26 banks in an effort to stabilize