The Naira further appreciated in the official market on Friday, trading at N1,474.78 to the Dollar. Data from the FMDQ Securities Exchange official forex trading platform revealed that the Naira gained N11.17. This represents a 0.7 per cent increase compared to the previous day’s trading figure on Thursday, when...
Exchange rate
The Naira on Thursday slightly depreciated at the official market trading at N1476.24 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N2.58. This represents a 0.17 per cent loss when compared to the previous trading date on Tuesday...
The Naira on Monday experienced huge appreciation at the official market, trading at N1,339.33 to the 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 N143.48 This represents a 9.67...
The Naira on Monday gained N28.34 at the official market, trading at N1,468.99 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the gain represented a 1.89 per cent appreciation for the Naira. The percentage increase is impressive when compared to the...
The Naira on Wednesday appreciated at the official market, trading at N1,459.02 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N61.38. This represents a 4.04 per cent gain when compared to the previous trading date on Tuesday, when...
The Naira on Monday further depreciated at the official market, trading at N1,419.11 to the 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 lost N79.88 This represents a 5.96 per...
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the 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 N88.23. This represents a 7.16...
Mr Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC) in Osun, has said President Bola Tinubu’s policy on the unification of exchange rate has started yielding positive results. Oyintiloye, a former member of the defunct APC Presidential Campaign Council(PCC), said this in a chat with journalists...
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...
The Central Bank of Nigeria (CBN), has assured of stability in naira/ dollar exchange rate. The CBN Governor Mr Olayemi Cardoso, said this at an interface with the Senate Joint Committee on Banking and Insurance in Abuja on Friday. “In terms of volatility of the exchange rate, we...
Bank customers resident in the Federal Capital Territory (FCT) have decried the continuous fall of the naira to the dollar. According to them, their purchasing power have reduced drastically. The News Agency of Nigeria (NAN) reports that one dollar to Naira exchange rate at the parallel market is...
Central Bank of Nigeria (CBN) has said the rising inflation and exchange rates will decline in 2024. The News Agency of Nigeria (NAN) reports that the apex bank also projected less revenue from oil exports in the coming year. CBN Governor, Mr Olayemi Cardoso, stated these on Thursday...
Many residents of the Federal Capital Territory (FCT), on Sunday decried the continuous increase in the price of cooking gas. According to them, cooking gas has gone beyond the reach of the common man. The News Agency of Nigeria (NAN) reports that the latest Cooking Gas Price report...
Naira continued its rebound against the dollar on Friday, Nov. 3, strengthening to N950/$ on the average in the parallel market. At noon on Friday, on a popular crypto exchange platform, Binance, the local currency was traded against the dollar at N864.19/$1 compared with Thursday’s closing rate of...
An economist, Prof. Akpan Ekpo, has urged the Central Bank of Nigeria (CBN) to take seriously the currency swap agreement with Peoples Bank of China (PBoC) to reduce reliance on dollars for trade. Ekpo, a former Director-General of West African Institute for Financial and Economic Management (WAIFEM), gave...
The naira depreciated against the dollar on Tuesday as it exchanged at N775.34 at the Investors and Exporters window. The naira lost by 0.42 per cent compared to the N772.12 it exchanged for the dollar on Monday. The open indicative rate closed at N769.66 to the dollar...
An economic expert, Dr Chijioke Ekechukwu has lauded the emergency three billion dollars crude oil repayment loan secured by the National Petroleum Company Ltd. (NNPC Ltd) from Afreximbank to stabilise exchange rate. Ekechukwu said this in an interview with the News Agency of Nigeria (NAN) on Sunday in...
Naira depreciated against the dollar on Wednesday as it exchanged at N782.38 at the Investors and Exporters window. It lost by 3.38 per cent when compared with N757.51 for which it exchanged for the dollar on Tuesday. The open indicative rate closed at N778.49 to the dollar...
The Naira on Friday appreciated against the dollar, exchanging at N743.07 at the Investors and Exporters window. The Naira gained by 4.31 per cent when compared with N776.50 for which it exchanged for the dollar on Thursday. The open indicative rate closed at N782.28 to the dollar...