Naira Appreciates to N1,120 per Dollar at Parallel Market
The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market.
The current FX rate signifies a decrease of 9.67 percent from the N1,240/$ reported on April 3.
Bureau de...
Naira Exchanges for 1245 Against Dollar in Official Window
The naira has reached its highest level against the dollar since January 2023, trading at N1,245 to the dollar at the official window.
This represents the fourth straight week of gains for the local currency, which has...
External reserves drop by $1.02bn – CBN report
Nigeria’s foreign exchange reserves have taken a significant hit, dropping by approximately $1.02bn within 18 days as the Central Bank of Nigeria steps up efforts aimed at defending the naira.
On March 18, 2024, the FX reserves stood...
Naira Sustains Gains, Exchanges For N1255/$1 At Official Window, N1,245/$1 At Parallel Market
The naira on Thursday continued to gain against the dollar, at the official window while it maintained stability at the parallel markets.
At the Nigerian Autonomous Foreign Exchange (NAFEM) window, the naira closed...
NBS Report: Naira Crash Pushes Raw Material Imports To N3trn
Imports of raw materials into the country rose by 25 per cent to N3tn in 2023.
This is according to the Foreign Trade Statistics data published by the National Bureau of Statistics (NBS).
The major raw materials...
Naira Gains at Parallel Market, Sells for N1,250 per Dollar
On Monday, the naira appreciated to N1,250 per dollar at the parallel section of the foreign exchange (FX) market.
The FX rate is a 0.43 percent increase from the N1,280 recorded on March 29.
Currency traders in...
