Naira Closes 1,402/$ at Official Market
The naira traded at a loss at the official market, depreciating to N1,402 against the United States dollar on Thursday.
According to data from the FMDQ exchange securities, the naira dropped by N12 or 0.86 per cent from the N1,390...
Again, Dollar Strengthens Against Naira, Now N1,350/$
The naira further depreciated to N1,350 per dollar at the parallel section of the foreign exchange (FX) market on Monday.
The current FX rate represents a 2.27 percent decline from N1,320/$ traded on April 26.
Currency traders, known as bureau...
Naira Appreciates to 1,275/$ at Parallel Market
The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend.
The new rate represents a 9.8 per cent increase when compared to N1,400 to a dollar it traded...
CBN Injects Dollars into BDCs at N1,021 per Dollar
The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to each licensed Bureau De Change (BDC) operator nationwide.
This marks the second such intervention this month by the apex bank.
In a circular addressed to...
Naira Depreciates to N1,250/$ in Parallel Market
The Naira, yesterday, depreciated to N1,250 per dollar in the parallel market, from N1,140 per dollar on Thursday.
Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,234.49 per dollar.
Data from FMDQ showed that the indicative...
Naira Closes at N1,050 per Dollar at Parallel Market
The naira yesterday exchanged at N1,050 to dollar at the parallel market.
It exchanged at N1,125 to dollar on over the weekend, representing N75 appreciation. Naira appreciated by 0.56 per cent to close at N1,136 to dollar...
