Naira

FG Sets to Battle Foreign Exchange Speculators as Naira Falls to N1,830 Against Dollar

The Federal government yesterday declared war on currency speculation in its effort to stem the crisis in the foreign exchange (FX) market. The government issued a directive to the Office…

Feb 21, 2024

national

1850, Bola Tinubu, Naira

Dollar Reaches N1,600 at Parallel Market

The naira has come under a very severe attack in recent times, defying several interventions by the Central Bank of Nigeria (CBN) thereby worsening the cost of living crisis and…

Feb 16, 2024

business

#1600, dollar, Naira

Naira Depreciates at Official Market as Banks Sell $584 Million

The value of foreign exchange transactions recorded on the official Nigeria Autonomous Foreign Exchange Market has risen to $584m, according to data posted on the FMDQ Exchange on Tuesday. This…

Feb 7, 2024

business

CBN, dollar, Naira

Naira weakens at parallel market, rises at official

The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making efforts to tackle the volatility…

Feb 6, 2024

business

CBN, dollars, Naira

CBN Clarifies: No Intention to Convert Funds in Domiciliary Accounts to Naira

Nigeria’s central bank has said there was no plan to convert the funds in domiciliary accounts to naira. Media reports had claimed that the bank planned to convert about $30…

Feb 3, 2024

business

CBN, dollar, Naira

Naira Strengthens to N1,350/$ in Parallel Market Appreciation

THE naira yesterday appreciated to N1,350 per dollar in the parallel market from N1,370 per dollar last week. Similarly, the naira depreciated to N925.34 per dollar in the Nigerian Foreign…

Jan 23, 2024

business

dollars, Naira

Naira gains 19% to N874.79/$ in NAFEM

The naira yesterday appreciated N874.79 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N874.79 per dollar…

Jan 12, 2024

business

dollar, Naira

Naira Hits Record Low, Trades at N1,099 per Dollar in Official Market

The Nigerian naira tumbled to an all-time low of N1,099 against the dollar, on Friday, at the country’s official exchange rate window — the Nigerian Autonomous Foreign Exchange Market (NAFEM).…

Dec 11, 2023

business

dollar, exchange, Naira

Naira gains at parallel market to N1,165/$

The naira yesterday appreciated to N1,165 per dollar in the parallel market from N1,167 per dollar on Wednesday. However, the naira depreciated to N832.32 per dollar in the Nigerian Foreign…

Nov 30, 2023

business

Naira, naira-dollar

Naira Stable at Parallel Market, Depreciates at Official I&E to N1,155, N881

The naira was stable at the parallel against the dollar where it exchanged at N1,155/$1 while it depreciated at the official I&E window closing the day at N881.88/$1. The official…

Nov 29, 2023

business

dollar, Naira

FG Sets to Battle Foreign Exchange Speculators as Naira Falls to N1,830 Against Dollar

Dollar Reaches N1,600 at Parallel Market

Naira Depreciates at Official Market as Banks Sell $584 Million

Naira weakens at parallel market, rises at official

CBN Clarifies: No Intention to Convert Funds in Domiciliary Accounts to Naira

Naira Strengthens to N1,350/$ in Parallel Market Appreciation

Naira gains 19% to N874.79/$ in NAFEM

Naira Hits Record Low, Trades at N1,099 per Dollar in Official Market

Naira gains at parallel market to N1,165/$

Naira Stable at Parallel Market, Depreciates at Official I&E to N1,155, N881

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