The Nigerian currency, Naira, on Thursday saw a slight depreciation against the United States dollar in the official market, trading at N1,476.24 per dollar. According to data from the FMDQ Exchange, this marks a loss of N2.58 for the Naira, a 0.17% decline from its previous rate of N1,473.66 on Tuesday. READ ALSO :EFCC arrests … Read more
The Naira experienced a notable appreciation in the parallel market yesterday, strengthening to N1,485 per dollar from Monday’s rate of N1,490 per dollar. Similarly, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira appreciated to N1,473.66 per dollar. Data from FMDQ indicated a significant improvement in the NAFEM, with the indicative exchange rate falling … Read more
On Friday, the Naira experienced a slight depreciation in value at the official market, trading at N1,483.99 to the dollar. This marks a N2.50 decline from Thursday’s rate of N1,481.49, representing a 0.16% loss. According to data from the FMDQ Exchange, which manages the Nigerian Autonomous Foreign Exchange Market (NAFEM), the trading volume surged significantly. … Read more
The Nigerian Naira witnessed a positive surge in the parallel market, climbing to N1,495 against the US dollar on Thursday, marking an improvement from its previous rate of N1,510 per dollar on Wednesday. Similarly, within the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira also experienced an uptick, reaching N1,481.49 per dollar. Data sourced from … Read more
The naira depreciated to N1,510 per dollar in the parallel section of the foreign exchange (FX) market on Monday, marking a 1.34 percent decline from the N1,490/$ rate observed on May 31. Currency traders, commonly known as bureau de change (BDC) operators, reported buying the dollar at N1,490 and selling it at N1,510, resulting in … Read more
On Wednesday, the Nigerian naira saw a notable appreciation to N1,490 against the US dollar in the parallel section of the foreign exchange market. This marks a 2 percent increase compared to the rate of N1,520 reported on May 27. Currency traders, commonly known as bureau de change operators, quoted the buying price of the … Read more
On Monday, the naira faced depreciation in the parallel section of the foreign exchange (FX) market. In Lagos, bureau de change (BDC) operators, commonly known as currency traders, reported the naira trading at N1,520 to the US dollar. The buying price was set at N1,490, while the selling price stood at N1,520, giving traders a … Read more
The Nigerian naira saw a slight appreciation against the US dollar in the official foreign exchange market as the week drew to a close. According to data from FMDQ, the naira strengthened to N1482.81 per dollar on Friday, up from N1485.66 the previous day, marking a modest increase of N2.85. On the parallel market, however, … Read more
The Nigerian Naira experienced contrasting movements in different foreign exchange markets on Wednesday. While the Naira depreciated in the parallel market, it appreciated in the Nigerian Autonomous Foreign Exchange Market (NAFEM). In the parallel market, the Naira depreciated to N1,495 per dollar from N1,470 per dollar on Tuesday. On the other hand, in the NAFEM, … Read more
On Wednesday, the naira fell to N1,450 in the parallel foreign exchange (FX) market. The current FX rate indicates a 1.4% decrease from the N1,430 transacted on May 6. Currency traders, commonly known as bureau de change (BDC) operators, set the greenback’s buying rate at N1,410 and the selling price at N1,450, resulting in a … Read more