naira

Nigeria’s currency, the naira, fell again against the US dollar on Monday, July 29, 2024. The local currency plunged N2 to close at N1.611/$1 at the end of the week, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This is in contrast to the exchange rate of N1.609/$1 traded on Friday, July 26, 2024. The intraday high …

The Central Bank of Nigeria (CBN) has intervened in the foreign exchange market, injecting $148 million into the system. The move comes amid increasing pressure on the naira, which has been steadily depreciating in recent times. The central bank in a statement released on Friday disclosed that the funds were disbursed to 29 authorized dealers on Monday, July 22 and …

The naira fell again against the US dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N6 to close the week at N1,609/$1, up from the N1,603/$1 it traded at on Thursday. The intraday high and low prices recorded during the day were N1,615/$1 and N1,476/$1 respectively, indicating a slim …

Nigeria’s currency, the naira, fell again against the US dollar on Wednesday, July 24, 2024. The local currency weakened by N38 to trade at N1,586/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.548/$1 traded on Tuesday, July 23, 2024. The intraday high and low prices recorded during the …

Nigeria’s currency, the naira, fell again on the second day of trading this week against the US dollar on Tuesday, July 23, 2024. The local currency weakened by N48 to trade at N1,548/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1,500/$1 traded on Monday, July 22, 2024. The …

Nigerian currency, naira started the week on a positive note against the US dollar on Monday, July 22, 2024. The local currency plunged by N96 to trade at N1,500/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.596/$1 traded on Friday, July 19, 2024. The intraday high and low …

The naira recovered from its slump against the US dollar and was trading at N1,566/$1 on the official exchange on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency gained N15 in today’s trade when compared to N1,588/$1 recorded on Wednesday. The highest and lowest intraday prices recorded during the day were N1,650/$1 and …

The naira continued its decline against the US dollar on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency lost N5 to trade at N1,581/$1, up from N1,576/$1 recorded on the official exchange on Tuesday. The highest and lowest intraday prices recorded during the day were N1,620/$1 and N1,500/$1 respectively, indicating a narrow spread of …

The naira reversed its decline against the US dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N1 to trade at N1,576/$1, down from N1,577/$1 recorded at the official window on Monday. The highest and lowest intraday prices recorded during the day were N1,592/$1 and N1,492/$1 respectively, indicating a narrow spread …

Nigeria’s currency, the naira started the week with a decline against the US dollar on Monday, July 15, 2024. The local currency weakened by N14 to trade at N1,577/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.563/$1 traded on Friday, July 12, 2024. The highest and lowest intraday …