Naira Depreciates to N1,405/$ in Parallel Market The Naira depreciated to N1,405 per dollar in the parallel market, from N1,305 per dollar on Wednesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,309.88 per dollar. Data from FMDQ showed that the indicative exchange...

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 Gains at Parallel Market, Exchanges for N1,150/$1 The value of the naira has strengthen at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to N1,200 which it sold on Monday this week. According...

Naira Continues to Appreciate, Closes at N1,560.57/$ Officially The Nigerian Autonomous Foreign Exchange (NAFEM) saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. This represents a significant gain of N36.67 or 2.35% from Monday’s closing rate of N1,597.24/$1. Additionally, the Naira...

Naira Continues to Appreciate, Closes at N1,560.57/$ Officially The Nigerian Autonomous Foreign Exchange (NAFEM) saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. This represents a significant gain of N36.67 or 2.35% from Monday’s closing rate of N1,597.24/$1. Additionally, the Naira...

Again, Naira Falls At Parallel N1,680/$1, Official Rates Gains to N1,582/$1   The naira yesterday experienced a U-turn on its gaining streak as it slightly depreciated at the parallel market to N1,680/$1. However, the official Nigerian Autonomous Foreign Exchange (NAFEM) gained closing yesterday at N1,582.94 signifying an...