The naira depreciated to N1,735 per dollar in the parallel market, while appreciating to N1,666.72 in the official NAFEM market. With trading volumes down and the exchange rate margin widening to N68.28, economic concerns over currency stability intensify as Nigeria faces foreign exchange...
The Naira depreciated significantly, losing N30 in the parallel market and N28.48 in the official market last week. It fell to N1,645 against the dollar amid the Central Bank of Nigeria's Retail Dutch Auction System, despite an increase in foreign exchange transaction turnover.
In the past...
The Nigerian Naira depreciated by over 40% in early 2024, despite policy reforms and increased external reserves, reaching N1505.30 per dollar. The currency's instability continues to challenge the economy.
In the first half of 2024, the Nigerian Naira experienced a depreciation of over 40...
The Nigerian naira continues its alarming decline, reaching an unprecedented N1,825 against the dollar despite the Economic Financial Crimes Commission's (EFCC) efforts to curb manipulative practices.
The agency's recent raid on Abuja Zone 4 market, where gunfire was employed to halt the...
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Nigeria's foreign exchange market is gradaully closing up and the Central Bank Of Nigeria, CBN, aim at converging the multiple rates almost here.
Yesterday, the FMDQ OTC, official market for trading debt securities, forex and other financial products in Nigeria, has asked banks to start quoting...
Nigerian naira on Wednesday depreciated by 0.54 percent to 370 against the United States dollar at the parallel market.
The currency gained N2 to close at 465 against the pound sterling and maintained rate at 410 to the Euro at the parallel market.
At the official market, the naira gained...
Nigerian naira on Friday sustained trading at the parallel and black market segments.
Table below shows today's naira rate against dollar, pound and euro at the parallel and official market segments: ...
Nigerian naira on Wednesday sustained gain at the parallel market.
The stability was attributed to weak demand for dollar and increased supply due to dollar sale to bureaux de change by the Central Bank of Nigeria (CBN).
Table below shows today's (21/06/2017) exchange rate of the Nigerian...
Nigerian naira on Tuesday opened trading flat at the parallel market.
Table below shows today's (20/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound:
Nigerian naira on Monday opened trading on the booming side at 368 to the dollar after closing 370 last Friday.
This is coming as Central Bank of Nigeria, CBN, continues to intervene at inter-bank market to the foreign exchange policy.
Table below shows today's (19/06/2017) exchange rate of...
Nigerian naira on Friday sustained trading rate against all major currencies at the parallel market.
Table below shows today's (16/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound:
Nigerian naira on Thursday appreciated by 0.15 per cent against the dollar to close at 305.25 at the official market but depreciated at the parallel market to 370 to the dollar.
The investors and exporters forex window rate opened at N372.03 and closed at N365.07, according to tag on the FMDQ...
Nigerian naira on Thursday opened trading on the bullish side gaining N3 against the dollar at the parallel market.
Table below shows today's (15/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound...
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Nigerian naira maintained stability on Tuesday morning as the Central Bank of Nigeria intervened in the inter-bank foreign exchange market with $413.5 million on Monday.
The move is part of efforts by the Apex bank to guarantee liquidity in the system.
Table below shows today's (13/06/2017)...
The Central Bank of Nigeria on Monday introduced new rules into the interbank foreign exchange market.
This development is coming as the Naira to dollar rate climbed to 372 at the parallel market and 305.55 at the interbank market on Monday.
The rules were contained in a new circular tagged...
Nigerian naira on Thursday appreciated by 2.13 per cent to close at 374 against the United States dollar at the parallel market as Central Bank of Nigeria, CBN intensify efforts to protect the value of the currency.
The currency maintained rate at 490 and 422 against the Pound sterling and Euro...
Nigerian naira recorded 5.19 per cent at the Bureau De Change, BDCs, market this week, following interventions in the foreign exchange market with dollars by the Central Bank of Nigeria.
The currency firmed up at parallel market on Friday trading at N385 to the United States Dollar in Lagos...
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