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Naira Sells for N1,520 per Dollar in parallel market

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...

Naira Gains Marginally at Official Market

Naira Gains Marginally at Official Market The Naira yesterday depreciated in the parallel market to N1,490 per dollar from N1,470 per dollar last week. However, the Naira appreciated to N1,483.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative...

Naira Exchanges for N1,515/$ in Parallel Market

Naira Exchanges for N1,515/$ in Parallel Market The Naira yesterday depreciated in the parallel market to N1,515 per dollar from N1,495 per dollar on Wednesday. Similarly, the Naira depreciated to N1,485.66 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM Data from FMDQ showed that the...

Naira Gains against Dollar at Parallel, Official Markets

Naira Gains against Dollar at Parallel, Official Markets The naira appreciated further to N1,490 per dollar at the parallel section of the foreign exchange (FX) market on Monday. The FX rate is a 1.34 percent increase from the N1,510/$ recorded on May 17. Currency traders in Lagos,...

Naira Depreciates, Now N1,540/$ in Parallel Market

Naira Depreciates, Now N1,540/$ in Parallel Market The Naira yesterday depreciated in the parallel market to N1,540 per dollar from N1,530 per dollar on Wednesday. Similarly, the Naira yesterday depreciated to N1,533.99 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that...

External Reserve Increases Marginally, Naira Depreciates Further Against Dollar to 1,515/$

External Reserve Increases Marginally, Naira Depreciates Further Against Dollar to 1,515/$ The Naira decline persisted on Monday, with further depreciation in the parallel market to 1,515 to a dollar. This represents a 2.97 percent (N45/$1) depreciation when compared to the exchange rate of N1,470 on Friday. The...