Naira Records Massive Gains, Appreciates to N1,485.95 Per Dollar
The naira has recorded significant gains against the dollar on the foreign exchange market, appreciating by N24.77. According to FMDQ data, the naira rose to N1,485.95 per dollar on Thursday,…
Naira Records First Depreciation Against Dollar on Black Market
The naira has recorded its first depreciation against the dollar on the black market since the start of the week. According to a Bureau de Change operator, the naira fell…
Naira Depreciates Further Against Dollar at Black Market
The Naira has continued its depreciation against the dollar at the parallel foreign exchange market. According to a Bureau de Change operator, the Naira dropped to N1500 per dollar on…
Naira Continues Depreciation Against Dollar, Records Highest Weekly Decline
The Nigerian naira continued to depreciate against the US dollar at the foreign exchange market on Friday. According to the Central Bank of Nigeria's exchange rate data, the naira fell…
Naira Reverses Gains, Depreciates To 1,517.24/$ At Official Market
The naira reversed its recent gains, depreciating by 1.66% against the US dollar at the official market and closing at 1,517.24/$. At the parallel market, the naira also eased to…
Naira Continues Free-Fall Against Dollar, Hits N1,536.15 Per Dollar
The Nigerian naira has continued its decline against the US dollar at the official foreign exchange market. According to the Central Bank of Nigeria's exchange rate data, the naira depreciated…
Dollar to Naira Exchange Rate Today: Black Market Rate Hits N1645
The dollar to naira exchange rate at the black market, also known as the parallel market, has hit N1645 as of September 5, 2024." According to sources at…
Naira Hits Low of N1,689.88 as FX Liquidity Plummets by 77%
The Nigerian naira has sunk to an all-time low of N1,689.88 to the US dollar, marking a significant depreciation of the local currency amid a steep drop in daily foreign…
Naira Appreciates to N1,544.05/$ at Official Market
The Nigerian naira continued its upward trend against the United States dollar on Tuesday, gaining N1.05 at the official market. According to data from the FMDQ, the naira strengthened to…
Naira appreciates against dollar after Christmas holidays
The naira appreciated against the dollar at the foreign exchange market upon resumption of work after the Christmas holidays. FMDQ data showed that the naira strengthened to N1,534 per dollar…