Tag: Naira to dollars

Naira Trades Near N1,650/$ in the Black Market

by Harry Choms

September 6, 2024

The Nigerian naira is hovering around the N1,650/$ mark in the black market. Concerns over the U.S. economy’s growth outlook led to a mild loss for the haven currency in ...

Exchange Rate Hits N1,630/$1 on Online Platforms, Surpassing N1,600/$1 in Parallel Market

by Harry Choms

July 19, 2024

The naira is under intense pressure as parallel market operators are quoting a buy price above N1,600/$1 for those looking to buy dollars. As of Thursday, July 18, 2024, platforms ...

Naira Hits Lowest at N848/$ on Official Market Amid Dollar Shortages

by Harry Choms

October 18, 2023

The Nigerian naira concluded trading at a historic low of N848 per dollar on the official market, according to data from FMDQ, as dollar shortages continue to plague the country's ...