The Naira closed the week on a positive note, trading at N1,400.40 against the dollar, according to data from the FMDQ Exchange. The Naira gained N2.27, representing a 0.16 per cent increase when compared to Thursday’s exchange rate of N1,402.67. However, the total daily turnover reduced to 201.88 million dollars on Friday, down from 232.84 … Read more
The Nigerian currency, naira, on Thursday slightly depreciated at the official market, trading at N1,402.67 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N11.71 This represents a 0.84 per cent loss when compared to … Read more
On Tuesday, the Naira appreciated to N1,320 per dollar on the parallel market, up from N1,340 on Monday. Similarly, the Naira appreciated on the Nigerian Foreign Exchange Market, NAFEM, to N1,390.96 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,390.96 per dollar from N1,419.11 per dollar on Monday, … Read more
The Naira on Tuesday depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,300.15 per dollar exceeding the parallel market rate by N45.15. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,300.15 per dollar from N1,234.49 per dollar last week Friday, indicating N65.66 depreciation for the naira. Similarly, the Naira … Read more
The naira fell in value against the US dollar to N1,234 in the official foreign exchange market on Monday, according to statistics from the FMDQ securities exchange. The currency rate indicates that the naira decreased by N65, or 5.26 percent, from N1,169.99/$1 recorded on Friday. The local currency had strengthened to about N1,072.74 on Wednesday, … Read more
The Nigerian currency, Naira, has depreciated to N1,140 per United States dollar in the parallel market, from N1,060 per dollar on Thursday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,169.99 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,169.99 per dollar from N1,154.98 … Read more
On Monday, the naira gained further in the parallel foreign currency (FX) market. Currency traders, commonly known as bureau de change (BDC) operators, offered the naira at N1,100 to the dollar in Lagos’ street market. The dealers set the purchase price of the dollar at N1,070 and the selling price at N1,100, leaving a profit … Read more
The Nigerian currency, naira, on Friday, appreciated to N1,150 per dollar at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,110 and the selling price at N1,150 — leaving a profit margin of N40. … Read more
On Monday, the naira appreciated to N1,120 per dollar in the parallel part of the foreign currency (FX) market. The current FX rate is a 9.67% reduction from the N1,240/$ recorded on April 3. Bureau de change (BDC) operators, popularly known as street traders, in Lagos quoted the local currency’s buying rate at N1,100 and … Read more
The Naira on Friday strengthened at the official market, trading at N1,251.05 to a dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N4.02. This represents a 0.32 per cent gain when compared to the previous day’s … Read more