Naira Depreciates by 0.3% in Parallel Market The naira traded at N1,620 on Thursday, extending its depreciation streak to five days at the parallel section of the foreign exchange (FX) market. The local currency depreciated by 0.3 percent from the N1,615 per dollar traded on July...

CBN Sells $122.67m to 46 Authorised FX Dealers to Stabilise Market The Central Bank of Nigeria (CBN) has taken a significant step to stabilise the foreign exchange market by selling $122.67 million to 46 authorised dealers. This move is aimed at promoting market stability and reducing...

Naira Gains Marginally, Now N1,554.65 per Dollar The naira appreciated against the dollar at both official and parallel foreign exchange markets for the first time since last week. FMDQ data showed that the naira appreciated marginally to N1,554.65 against the dollar on Thursday from N1,561.98 traded...

Naira Exchanges for N1,535/$ in Parallel Market The Naira yesterday depreciated in the parallel market to N1,535 per dollar from N1,520 per dollar on Wednesday. Similarly, the Naira depreciated to N1,520.24 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the...

Naira Sells for N1,520 per Dollar in parallel market The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,510 per dollar on Wednesday. Similarly, the Naira depreciated to N1,510.1 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ...

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...