Naira Appreciates to 1,494.03/$ in Official Market
The naira experienced a notable appreciation on Thursday, with the currency trading at 1,494.03 to the US dollar at the official exchange window, as indicated by data from FMDQ Securities Exchange Limited.
Similarly, it appreciated at the parallel market to...
Naira Rebounds to ₦1,540/$ in Parallel Market
The naira rebounds against the dollar on Tuesday in the parallel foreign exchange market, reversing earlier losses.
A source at the Abuja Black Market told Economic Confidential that the naira was trading at ₦1,530/$ (buy) and ₦1,540/$ (sell) as...
Dollar Hits High in Black Market as Naira Struggles
As of February 17, 2025, the exchange rate between the US dollar (USD) and the Nigerian naira (NGN) in the black market is approximately ₦1,570 per $1.
This rate has remained stable over the past few days,...
Naira Depreciates by 0.3% at Parallel Market
The naira on Tuesday witnessed a flat rate as the dollar was quoted at N1,570 in the parallel market also known as black market, following improved liquidity in the foreign exchange (FX) market.
The current rate shows a slight...
Naira to Close H1 at N1,700 per Dollar, Firm Predicts
One of the leading investment banking firms, Comercio Partners Limited, has projected that the naira will close the first half of 2025 at N1,700 per dollar, the worst case scenario.
Naira over the weekend, gained N45...
The onus then fell on the Central Bank of Nigeria (CBN) headed by Olayemi Cardoso to do everything possible within the ambit of the law for the naira to survive the disastrous decline in value.
