Tag: US Dollar
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Naira gains slightly against the US Dollar
The Nigerian currency, Naira on Tuesday appreciated marginally to N1480 against the United States dollar at the parallel foreign exchange market.
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CBN increases Customs Duty as Naira further nosedives against US Dollar in latest exchange rate
The Central Bank of Nigeria (CBN) has adjusted the exchange rate for Customs duties at the nation’s seaports by 11.1 per cent due to the devaluation of the naira against the United States (US) dollar in the foreign exchange market. The new Customs FX duty rate is now ₦1,277.526/$, up from the previous rate of…
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Naira appreciates to N1,400/$ as CBN continue to plug leakages
The Naira recorded a significant gain at the official market represents an appreciation of N68 or 4.5 per cent, from the N1,560/$1 recorded on Tuesday. 13.5 per cent or N190 gain was also recorded at the parallel market.
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Naira recovers slightly, records gains against US Dollar
The Naira on Wednesday recovered from its free fall to gains slightly against the US Dollar despite the country’s soaring inflation rate. Report from the FMDQ shows that the naira firmed up against the Dollar to N818/$1 on Wednesday compared to N850.22/$1 exchanged on Tuesday.
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Naira appreciates slightly against dollar
The naira within a span of hours appreciated by N166 to the dollar at the parallel market on Friday as currency traders review their mode of operations. The naira peaked at N1279/$ on Thursday evening but settled at N1113/$ before close of work on Friday night.
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Naira gains massively against dollar at parallel market
The Naira on Wednesday gained massively against the US dollar. Findings at several Bureau de Change Operators in Abuja show that Naira exchanged between 750 and 790 to a dollar The figure represents an appreciation of 60 or 6.3 percent from the N950 it traded last week.