Tag: US Dollars
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Again, Naira weakens against dollars
The naira has continued its depreciation against the US dollar in the foreign exchange market, despite a surge in FX transaction turnover.
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Naira continues to appreciate, gains N7.78 at official market
The Naira gained at the official market on Thursday as it traded at N1,255.07 to a dollar. According to Data released from the official trading platform of the FMDQ states that the the Nigerian currency, Naira gained N7.78
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Foreign Exchange: Naira gains weight twice in one week
The Naira has gained weight significantly against the US Dollar for the second consecutive time in the period of just one week at the foreign exchange market.
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Naira continues free fall, drops to all time low
Naira has continued its free fall as it fell to an all-time low against the US dollar, at the official and parallel foreign exchange markets, worsening the nation’s FX crisis. Data from FMDQ showed that the naira depreciated from N1,574.62 per US dollar on Monday to N1,537.96 on Friday last week.
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US Dollar fights back as Naira falls to N1, 000/$ at official market
After few days of the Naira strengthening against the Dollar, at both official and the official and parallel markets, findings show that Dollar is fighting back.