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 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
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