The Naira gained at the official market as it traded at N1,255.07 to a dollar on Thursday. Data from the official trading platform of the FMDQ revealed that the Naira gained N7.78. This represents a 0.62 per cent appreciation when compared to the previous day’s trading on Wednesday, exchanging at N1,262.85 to a dollar. READ … Read more
The naira began the new month on a positive note, rising to N1,278.58 against the US dollar from N1,309.39 per dollar last Thursday. This is an increase of N30.81 at the end of trading activity. According to FMDQ Securities statistics, the Nigerian Autonomous Foreign Exchange Market’s indicative exchange rate has fallen below the N1,300 ceiling … Read more
The Naira rose further in the official market on Tuesday, trading at N1,382.95 to the dollar. According to data from the FMDQ’s official trading portal, the Naira rose by N25.09, or 1.78 percent, from the previous day’s rate of N1,408 versus the dollar. On Tuesday, total turnover was $245.58 million, up from $222.15 million on … Read more
On Wednesday, the naira rose 1.88 percent to N1,570 in the parallel part of the foreign currency (FX) market. Nigeria’s currency rose from N1,600/$ exchanged on March 11. Currency merchants in Lagos, commonly known as bureau de change (BDC) operators, quoted the greenback’s buying rate at N1,550 and selling price at N1,570, yielding a profit … Read more
On Monday, the naira rose further to N1,650 per dollar in the parallel foreign exchange (FX) market. The naira appreciated by 6.78 percent, reflecting a N120 reduction from the N1,770/$ exchanged on February 23, 2024. Bureau De Change (BDC) operators in Lagos set the purchase price for the dollar at N1,650 and the selling price … Read more
The parallel section of the foreign exchange market recorded a new all-time low on Monday after the naira depreciated to N1,730 per dollar. The naira fell by 8.13 percent from N1,600/$ recorded on February 16, 2024. Currency traders at the street market quoted the buying price of the dollar at N1,700 and the selling price … Read more
On Monday, the naira hit a fresh all-time low of N1,534 per dollar on the official Nigerian Autonomous Foreign Exchange Market. This represents a 3.93 percent drop, or N58, from the N1,476.13/$ the national currency closed last week Friday, according to FMDQ Exchange, a portal that publishes official foreign exchange transactions in the country. The … Read more
On Wednesday, the Nigerian naira dropped to N1,500 in the parallel market. The rate is 3.45 percent lower than the N1,450 per dollar recorded on Monday. Currency traders in Lagos, also known as Bureau De Change operators (BDCs), quoted the buying rate of the greenback at N1,490 and the selling price at N1,500 — leaving … Read more
The naira appreciated at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official window, on Monday. Naira rose by 1.06 percent to close at N1,419.86 to a dollar — from N1,435/$ recorded at the close of trading last Friday. According to data on FMDQ Exchange, a platform that oversees official FX trading in Nigeria, … Read more
The naira, on Wednesday, crossed the N1,500 mark at the parallel section of the foreign exchange (FX) market. The value of the naira fell to N1,530 against the dollar an all-time low in the parallel market. This is a 4.08 percent decline compared to the N1,470/$ reported the previous trading day. Currency traders, also known … Read more