Tag: Naira rate

The naira-dollar exchange rate hit a six-week low on Monday, closing at N1,490.2/$1, just N10 short of N1,500/$1. This decline, reported by the FMDQ, marks the lowest point since May ...

The Nigerian naira has held steady within the N1500 range against the US dollar at the parallel market, while the US Dollar Index surpassed 105 index points. Nigeria’s high inflation ...

The naira displayed moderate stability as foreign exchange (FX) turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surged 138.67%. On Tuesday, June 11, 2024, the naira closed at ...

At the end of the trading week, the Naira witnessed significant losses against the US dollar as investors ramped up their demand for the greenback. In the black market, the ...

The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024, closing at N1,488.60/$1. As reported by the FMDQ Securities Exchange, this ...

After experiencing substantial volatility, the naira closed at N1,485.99/$1 on Friday, May 31, 2024. This marks a slight decline of 0.08% from the previous day's close of N1,484.75/$1, the lowest ...

On Monday, the naira experienced a significant appreciation against the dollar, closing at N1,339.33/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, marking a 10.71% gain. According to FMDQ ...

The Nigerian currency has breached the N1,450 mark against the US dollar on the black market, indicating evolving dynamics in Nigeria’s fragile foreign exchange (FX) market. Market fundamentals suggest that ...

The Naira holds steady above N1,600 against the US Dollar, offering a glimmer of relief to traders amidst lingering uncertainties. In the official market, the Naira demonstrated resilience, edging up ...

The Naira showed resilience, gaining ground and trading at 1,400 Naira per dollar on the black market despite low compliance among Bureau de Change operators in Abuja. The shutdown was ...