Naira Gains Against Dollar on Parallel Market, Exchanges for N1,400/$ The parallel market has seen the naira strengthen against the dollar, with a buy price of N1,400/$1 quoted for those holding dollars looking to sell. The rise in the naira is due to waning demand,...

Naira Continues to Appreciate, Closes at N1,560.57/$ Officially The Nigerian Autonomous Foreign Exchange (NAFEM) saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. This represents a significant gain of N36.67 or 2.35% from Monday’s closing rate of N1,597.24/$1. Additionally, the Naira...

Naira Continues to Appreciate, Closes at N1,560.57/$ Officially The Nigerian Autonomous Foreign Exchange (NAFEM) saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. This represents a significant gain of N36.67 or 2.35% from Monday’s closing rate of N1,597.24/$1. Additionally, the Naira...

Naira Maintains Stability, Exchanges for N1,572.86 per Dollar The foreign exchange market began on a positive note on Monday as the naira appreciated to N1,572.86 per dollar from N1,602.75/$1 on Friday on the official market. At the parallel market, the nation’s currency closed at N1,590 per...

Naira Maintains Stability, Exchanges for N1,572.86 per Dollar The foreign exchange market began on a positive note on Monday as the naira appreciated to N1,572.86 per dollar from N1,602.75/$1 on Friday on the official market. At the parallel market, the nation’s currency closed at N1,590 per...

Naira Stabilises at ₦1,600 Per Dollar in Black Market The Naira has remained relatively stable against the US dollar, maintaining its rate of ₦1,600 at the black market. It is however selling at ₦1,615 per dollar. Meanwhile, the official exchange rate set by the Central Bank of...