The Naira depreciated against the dollar in official and parallel foreign exchange markets to barely 24 hours to 2025. EDITOR’S PICKS PDP Declares Ethiope East Federal Seat Vacant Following Ibori-Suenu’s Defection to APC Retired Principals Call for Recognition and Better Welfare from Government BREAKING: IGP Egbetokun Orders Major Shake-Up, Deploys New AIG to Lagos FCID … Read more
Naira slightly gained N3 against the dollar As Nigerians gear up for the 2024 Christmas celebrations Strengthened marginally against the dollar The Naira further strengthened marginally against the dollar at the parallel foreign exchange market on Tuesday, Christmas Eve. A Bureau de Change operator in Wuse Zone 4, Abubakar Alhasan, on Tuesday said that the … Read more
The naira appreciated by N135 against the dollar, closing at N1,640 in the parallel market on Monday. In the official market, the naira strengthened to N1,539.55 from N1,541.68. The currency gains coincide with the Nigerian government’s announcement of a three-day public holiday for Christmas and New Year. The naira saw a significant appreciation against the … Read more
The naira declined against the dollar in both the official and parallel foreign exchange markets, closing the week with a downward trend. According to FMDQ data, the naira slightly weakened to N1,541.68 per dollar on Friday, compared to N1,541.38 on Thursday, reflecting a loss of N0.3. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and … Read more
The Naira recorded gains against the dollar at the official foreign exchange market on Thursday. FMDQ data showed that N1,541.38 appreciated against the dollar on Thursday from N1,544.20 exchanged on Wednesday. This represents a marginal gain of N2.82 against the dollar compared to N1,544.20 traded the previous day. Meanwhile, in the parallel market, it remained … Read more
The Naira gained further against the dollar at the official and parallel foreign exchange markets on Tuesday. FMDQ data showed that the Naira strengthened to N1,544.05 per dollar on Tuesday from N1,545.10, exchanged on Monday. This showed that the Naira recorded a N1.05 gain compared to N1545.10 per dollar traded on the previous day. Similarly, … Read more
The Naira appreciated against the dollar at the official market to kick off the week on a good note despite the rise in Nigeria’s November inflation rate. This is the case as FMDQ data showed that the Naira strengthened to N1545.10 per dollar on Monday from N1549.50. This showed that the Naira gained N4.6 against … Read more
The naira weakened against the dollar on Friday in the foreign exchange market, ending the week on a downward trend. According to data from the Central Bank of Nigeria’s FX rate, the naira depreciated to N1,540.00 per dollar on Friday, compared to N1,532.00 on Thursday, reflecting a slight decline of N8 at the official market. … Read more
The Naira has regained value against the US dollar in the official foreign exchange market, just 24 hours after experiencing a depreciation. Central Bank of Nigeria (CBN) exchange rate data for Tuesday revealed that the Naira strengthened to N1,525 per dollar, up from N1,538.50 on Monday. This marks a gain of N13.5 compared to the … Read more
The Naira settled at N1538.50 per dollar at the foreign exchange market for the first time after an appreciation streak. The Central Bank of Nigeria’s foreign exchange change data on Monday showed that it stood at N1,538.50 per dollar, slightly down from N,1535 recorded on Friday. This represents an N3.5 depreciation compared to the N1535 … Read more
The Naira appreciated massively at the official and parallel foreign exchange markets on Friday to end the week on a good note. The Central Bank of Nigeria’s exchange market data showed that the Naira appreciated to N1,535 per dollar on Friday from N1,567 per dollar on Thursday. This showed that the Naira gained N32 against … Read more
The Naira appreciated significantly against the dollar at the foreign exchange market as FX supply rose on Thursday. FMDQ data showed that the Naira strenghthened to N1644.86 on Thursday from N1660.83 traded on Wednesday. This represents a N15.97 appreciation against the dollar compared to the N1660.83 exchange rate on Wednesday. Meanwhile, at the black market, … Read more
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 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