Naira Depreciates by 215% in One Year Since the harmonisation of the foreign currency market segments in Nigeria one year ago, the naira has depreciated by about 214.64 per cent against the dollar. At the close of trade on Friday, the naira stood at N1482.72 to...

Naira Gains Marginally at Official Market The Naira yesterday depreciated in the parallel market to N1,490 per dollar from N1,470 per dollar last week. However, the Naira appreciated to N1,483.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative...

Naira Sells for 1,339.33 per Dollar at Official Market The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 per cent over Friday’s 1,482.81/$. According to FMDQ data, which houses the Nigerian Autonomous Foreign Exchange Market, the daily...

Naira Exchanges for N1,515/$ in Parallel Market The Naira yesterday depreciated in the parallel market to N1,515 per dollar from N1,495 per dollar on Wednesday. Similarly, the Naira depreciated to N1,485.66 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM Data from FMDQ showed that the...

Naira Gains against Dollar at Parallel, Official Markets The naira appreciated further to N1,490 per dollar at the parallel section of the foreign exchange (FX) market on Monday. The FX rate is a 1.34 percent increase from the N1,510/$ recorded on May 17. Currency traders in Lagos,...

Naira Depreciates, Now N1,540/$ in Parallel Market The Naira yesterday depreciated in the parallel market to N1,540 per dollar from N1,530 per dollar on Wednesday. Similarly, the Naira yesterday depreciated to N1,533.99 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that...