Naira depreciates to N1,560/$ in parallel market
In the parallel market yesterday, the value of the Naira fell from Tuesday's N1,535 per dollar to N1,560 per dollar. ...
Monday, December 23, 2024
Tag: Naira
Nigeria’s exchange rate depreciates by 40% in first half of 2024, despite forex reforms
Nigeria’s exchange rate concluded June 2024 at N1,503.3 per dollar, showing a slight 1.3% monthly depreciation. Despite surpassing the psychological ...
Naira Exchange Rate Drops to 5-Week Low, Nears N1,500/$1
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, ...
Naira Trades at 1,485 per Dollar as Official Forex Market Hits $23 Billion
Following a flurry of reforms by the Central Bank of Nigeria, forex turnover at the official foreign currency market soared ...
Naira Maintains N1500/$ Bandwidth at Black Market
The Nigerian naira has held steady within the N1500 range against the US dollar at the parallel market, while the ...
Naira strengthens below N1,500/$ bandwidth amid U.S interest rate decision
The naira showed resilience against the US dollar, strengthening below the N1,500/$ threshold amid anticipation of the US Federal Reserve's ...
Naira Shows Stability as FX Turnover Surges by 138.67%
The naira displayed moderate stability as foreign exchange (FX) turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surged ...
Weaker Naira Boosts Export of Nigerian Made Goods – Customs Comptroller
The devaluation of the Naira has positively impacted the exportation of local Nigerian products to neighbouring West African countries. Comptroller ...
Naira Nears N1500/$ Threshold as Dollar Index Surges by 80 Basis Points
At the end of the trading week, the Naira witnessed significant losses against the US dollar as investors ramped up ...
Naira Hits Three-Week Low at N1,488.60/$1 on Official Market
The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024, closing ...
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