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...
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 Depreciates to 1,523/$ at Official Market
The naira depreciated at both the official and parallel markets on Monday.
At the official, Nigerian Autonomous Foreign Exchange Market, the naira dropped to 1,523.85 per dollar, depreciation from the previous close of 1,509.67 to the American greenback.
NAFEM is...
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, Two Others Worst Performing Currencies in 2024 – Bloomberg
The naira has emerged as the worst-performing currency in the world in the first half of 2024.
According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by...
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...
