Naira Gains Against Dollar, Trades for N1,136.04 per Dollar The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N6.34. This represents a 0.55 per cent gain...

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 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...