The Naira appreciated against the dollar at the parallel foreign exchange market (black market). Abubakar Alhassan, a Bureau of De Change operator at Wuse Zone 4, said that the naira strengthened slightly at N1748 per dollar on Wednesday from N1755 exchanged on Tuesday. This means that the naira gained N7 compared to the N1755 traded … Read more
The naira appreciated against the dollar at the foreign exchange market amid the Central Bank of Nigeria’s interest rate hike. FMDQ data showed that the naira strengthened to N1659.44 on Tuesday from N1675.62 on Monday. This represents a N16.11 appreciation against the dollar compared to the N1675.62 exchange rate on Monday. Similarly, at the black … Read more
The Naira on Monday depreciated at the official market trading at N1,675.62 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N23. This represents a 1.39 per cent loss when compared to the previous trading date on Friday, Nov. 22 when it exchanged at N1,652.62 to … Read more
The Naira on Thursday appreciated at the official market trading at N1,658.67 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N28.85 . This represents a 1.7 per cent gain, compared to the previous trading date on Wednesday when it exchanged at N1,687.52 to a dollar. … Read more
The Naira appreciated on Tuesday at the official market, trading at N1,678.93 against the dollar and recovering from a three-day trading loss. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N11.44. This represents a 0.67 per cent gain when compared to the previous trading date on Monday when … Read more
The Naira on Monday depreciated at the official market trading at N1,690.37 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N38.12. This represents a 2.3 per cent loss when compared to the previous trading date on Friday, November 15th when it exchanged at N1,652.25 a … Read more
The Naira on Friday slightly further depreciated at the official market trading at N1,652.25 against the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the Naira lost N2.05. This represents a 0.12 per cent loss compared to the previous trading date, Thursday, when it exchanged at N1,650.20 to a dollar. … Read more
The naira returned to depreciation against the dollar at the foreign exchange market barely 24-hours after respite. FMDQ data showed that the naira appreciated to N1650.20 per dollar on Thursday from N1645.45 exchanged on Wednesday. At the black market, the naira traded between N1738 and N1745 to the dollar on Thursday. This comes as FX … Read more
The Naira on Wednesday bounced back after consistent three days losses and appreciated at the official market trading at N1,645.40 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N44.48. This represents a 2.63 per cent gain when compared to the previous trading date on Tuesday … Read more
The Naira on Friday appreciated at the official market, trading at N1,666.72 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 Naira gained N8.77. This represents a 0.52 per cent gain when compared to the previous trading on … Read more
The naira depreciated to N1675.49 and N1750 against the dollar at the official and parallel foreign exchange markets on Thursday. This comes as FMDQ data showed that the weakened further to N1675.49 per dollar on Thursday from N1631.17 exchanged on Wednesday. This means that it lost N44.32 against the dollar on Thursday compared to the … Read more
The Naira on Wednesday slightly depreciated at the official market, trading at N1,631.17 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira declined against the dollar by 72 kobo. This represents 0.04 per cent loss when compared to the previous trading date on Tuesday, when it was … Read more
The Naira on Tuesday appreciated at the official market, trading at N1,630.45 to the dollar. Data from the official trading platform of the FMDQ showed that this represents a 2.40 per cent gain when compared to the previous trading date on Monday, when it exchanged at N1,670.65 to a dollar. Also, the total daily turnover … Read more
The Naira on Monday depreciated at the official market, trading at N1670.65 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 N70.65. This represents a 4.41 per cent loss when compared to the previous trading … Read more
The Central Bank of Nigeria (CBN) has denied fixing deadline for the circulation of the old N200, N500 and N1,000 banknotes. The Acting Director, Corporate Communications Department of the CBN, Hakama Sidi Ali, said this in a statement on Thursday in Abuja. Sidi-Ali was reacting to social media reports that the apex bank had fixed … Read more
The Naira on Tuesday went down again at the official market, trading at N1,658.97 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N106.05. This represents a 6.82 per cent loss when compared to the previous trading date on Monday when it exchanged at N1,552.92 to … Read more
The naira experienced a significant decline against the dollar in the foreign exchange market following the Central Bank of Nigeria’s (CBN) fifth interest rate hike, raising the rate to 27.25%. According to FMDQ data, the naira traded at N1,658.48 per dollar on Tuesday, down from N1,562.66 on Monday, marking a depreciation of N95.82. Similarly, in … Read more
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further increased the Monetary Policy Rate (MPR) by 50 basis points to 27.25 per cent from 26.75 per cent. EDITOR’S PICKS: School Proprietress Allegedly Killed, Burnt By Son In Delta Man Detained for Allegedly Killing Mother, Mutilating Son in Abia Fubara Regains … Read more
The Central Bank of Nigeria (CBN) has authorised the sale of $20,000 to each Bureau De Change (BDC) operator at an exchange rate of N1,580 per dollar in an effort to increase forex liquidity and satisfy market demand. This was revealed in a statement signed by Dr. W.J. Kanya, Director of the Trade & Exchange … Read more
The National Bureau of Statistics, NBS, says Nigeria’s Gross Domestic Product, GDP, grew by 3.19% in the second quarter of 2024. Its document titled “Nigeria Gross Domestic Product Q2 2024,” made this disclosure on Monday. EDITOR’S PICKS: Midnight Fire Destroys Multi-Million Naira Goods in Anambra Market Poland Tightens Student Visa Rules Amid Scandal Over System … Read more