naira to dollar
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![Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges](/data/attachments/208/208258-602dbae0e3e86b372bbaa21eb89a7be5.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges
The Nigerian naira fell to N1,665 per dollar on the black market, driven by high demand for travel allowances and school fees. Meanwhile, the naira also dropped 5.5% in the official market. Despite the depreciation, Nigeria’s external reserves grew by $490 million due to recent dollar bond...- Nigeria News
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Nigeria Central Bank Faces Criticism as Naira Loses Ground, Now at N1,620/$
In a concerning economic development, the Naira faced a 1.25 percent depreciation against the US Dollar, reaching N1,620/$ at the parallel market on Monday. This marks a N20 decline from its trading rate of N1,600 on March 1, 2024. Bureau de Change (BDC) operators in Lagos quoted buying rates at...- Nigeria News
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Nigeria Economic Concerns as Naira Depreciates to N1,565/$ in Parallel Market, Widening Gap with Official Rates
The Nigerian Naira experienced fluctuations against the US dollar, reaching an intra-day high of N1,582 while witnessing a notable decline in forex turnover, plummeting by 56.58% to $117.87 million. Both official and black-market exchange rates saw a marginal decrease in the value of the Naira...- Nigeria News
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Nigeria Naira's Wild Ride: Drops to ₦1,200/$ in Parallel Market, Jumps 11% to ₦843.07/$ in NAFEM
The Nigerian naira faced a sharp depreciation in the parallel market, tumbling from ₦1,172 to ₦1,200 against the dollar. Simultaneously, the Nigerian Foreign Exchange Market (NAFEM) witnessed a surprising turnaround as the naira appreciated significantly, soaring by 11% or ₦108.15 to reach...- Nigeria News
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Business Nigeria - 01/05/2019: Today's Naira Rate Against The Dollar, Pounds And Euro
Today's Naira Rate Against The Dollar, Pounds And Euro- jade
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Business Nigeria - 25/04/2019: Today's Naira Rate Against The Dollar, Pounds And Euro
Today's Naira Rate Against The Dollar, Pounds And Euro- jade
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Business Nigeria - 01/11/2018: Today's Naira Rate Against The Dollar, Pounds And Euro
Today's (01/10/2018) exchange rate of the Nigerian Naira against the Dollar, Pound and Euros- jade
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Business Naira Falls By 0.44% To 457 Per Dollar At Parallel Market
Nigerian naira on Thursday depreciated by 0.44 per cent to close at 457 to a dollar at the parallel market. The currency also crashed against the British pound and Euro to 540 and 475. At the Bureau De Change window, the Naira was sold at N399 to a dollar, the Central Bank of...- ProfRem
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Business Naira Bounces Back To 498 Per Dollar At Parallel Market
The naira bounced back against the United States dollar from 500 to 498 at the parallel market on first day trading February, 2017. The naira has been under persistent pressure as scarcity of the greenback continues to hit the market. The currency still maintained high rate against the pound...- ProfRem
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Business Naira - Dollar Crisis: BDC Operators React To Elimination of Parallel Market
The President of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has hailed the newly proposed abolition of the parallel market. “The scrapping of multiple markets outside the purview of the CBN will be a welcome development. “The existence of multiple rates is highly...- ProfRem
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Business Naira To Appreciate Next Week As Dollar Supply Increase
The Nigerian naira set to revive its losses as traders anticipate improved dollar supply from international money transfer agencies to ease a shortage, which has pushed down the local currency. The naira fell to N470 to the dollar on the parallel market yesterday from N455 a dollar last week...- ProfRem
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Business Naira Falls By 3.7% to 375/USD on Black Market
Dollar shortage worsens as Central Bank of Nigeria delays announcement of more flexible foreign exchange system, Aminu Gwadabe, president of Bureau de Change Operators of Nigeria told Bloomberg by phone. According to him: “Importers that waited to buy dollars at a better rate under a...- ProfRem
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