Naira depreciates by 8.24% against dollar …C0NTINUE READING HERE >>> The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N127.21. This … Read more
Naira Nosedives to N1,700/$ at parallel market, lowest level in 7 …C0NTINUE READING HERE >>> The naira nosedived to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading hours, the naira depreciated by 1.49 percent compared to the N1,675/$ traded on Thursday. The N1,700 … Read more
Naira gains 2.24% against Dollar at official market …C0NTINUE READING HERE >>> The Naira on Friday appreciated at the official market, trading at N1,540.78 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N35.32. This … Read more
VERY sick Naira: CBN sells $20k to BDC operators at N1,590/$ …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,590/$. In a circular to all Bureau De Change … Read more
Naira Records Gain Against US Dollar As FX Turnover Increases …C0NTINUE READING HERE >>> The naira has appreciated against the US Dollar. Newsone Nigeria reports that Nigeria’s official legal tender, the naira recorded its first gain against the dollar on the foreign exchange market on Tuesday, August 27, 2024, as FX transaction turnover increased. The FMDQ data … Read more
Tinubu Government Announces Date To Start Crude Oil Sales In Naira To Dangote …C0NTINUE READING HERE >>> The Tinubu Government has announced the official date to start crude oil sales in Naira to the Dangote Refinery. Newsone Nigeria reports that the Federal Government has disclosed that sales of crude oil to Dangote Refinery and other local refineries … Read more
Again, Naira strengthens against dollars …C0NTINUE READING HERE >>> The naira continued its appreciation against the dollar in the official foreign exchange market on Monday. According to FMDQ data, the naira gained N3.21, trading at N1,570.99 per dollar on Monday compared to N1,574.20 on Friday. This reflects a modest gain of N3.21 against the … Read more
Naira strengthens despite hunger Protests, gains N42.88 against Dollar …C0NTINUE READING HERE >>> The Naira appreciated by N42.88 against the dollar in the foreign exchange market on a week-on-week basis, following the Central Bank’s introduction of the Retail Dutch Auction System (RDAS). This data comes from FMDQ over the past seven days. On Friday, August … Read more