Tag: Naira

In the parallel market yesterday, the value of the Naira increased from N1,560 per dollar on Wednesday to N1,550 per dollar. In a similar vein, the value of the Naira ...

In the parallel market yesterday, the value of the Naira fell from Tuesday's N1,535 per dollar to N1,560 per dollar. Similarly, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, ...

Nigeria’s exchange rate concluded June 2024 at N1,503.3 per dollar, showing a slight 1.3% monthly depreciation. Despite surpassing the psychological threshold of N1,500 per dollar, the exchange rate remained relatively ...

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 ...

Following a flurry of reforms by the Central Bank of Nigeria, forex turnover at the official foreign currency market soared to $23.29bn within over six months of trade. Between January ...

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 showed resilience against the US dollar, strengthening below the N1,500/$ threshold amid anticipation of the US Federal Reserve's interest rate decision and inflation data. Market dynamics revealed that ...

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 ...

The devaluation of the Naira has positively impacted the exportation of local Nigerian products to neighbouring West African countries. Comptroller Timi Bomodi, the Customs Area Controller of the Seme Command, ...

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 ...