Naira Gains Further at Official Market The naira on Monday gained further at the official foreign exchange (FX) market after the Central Bank of Nigeria (CBN) conducted its second retail Dutch auction, selling $815.36 million to 26 banks on Friday. After trading on Monday, the naira...

Naira Closes at N1,597/$ as Dollar Supply Rises to 141.99m The naira closed at the rate of N1,596 against the United States dollar on Thursday, maintaining the same rate as it closed on Wednesday. The naira traded at an intra-day high of N1,616 and a low...

Naira Appreciates by 0.6% at Official Market The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, NAFEM, showed that the...

Naira Gains N15 in Parallel Market The Naira yesterday appreciated to N1, 580 per dollar in the parallel market from N1,595 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,570 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that...

CNG Praises FG’s Decision To Sell Crude In Naira To Domestic Refineries The Coalition of Northern Groups (CNG) has voiced its appreciation of the Federal Government’s recent decision to sell crude oil in naira to domestic refineries, a departure from the previous practice of payment...

Naira Rises to N1,580/$ in Parallel Market   The Naira yesterday appreciated to N1, 580 per dollar in the parallel market from N1,610 per dollar last week Friday. But, the Naira yesterday depreciated to N1,611.4 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from...