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...

External Reserve Increases Marginally, Naira Depreciates Further Against Dollar to 1,515/$ The Naira decline persisted on Monday, with further depreciation in the parallel market to 1,515 to a dollar. This represents a 2.97 percent (N45/$1) depreciation when compared to the exchange rate of N1,470 on Friday. The...

Naira Drops to N1,410 per Dollar in Parallel Market The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per dollar. Data from FMDQ showed...

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...

Senate Working on Strategies to Tackle Naira Crisis The Senate Committee on Finance has expressed worry over, “the instability and continuous depreciation of the naira.” In a statement issued on Sunday, the Chairman of the Committee, Senator Mohammed Sani Musa, said the committee is monitoring the...