naira

The naira lost N127 against the dollar at the official window on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded at N1669.15/$1, higher than the N1,541.94/$1 traded at the official window on Monday. The naira, however, gained N10 against the dollar on the parallel section of the forex market to trade N1,690/$1 …

The Naira traded N1,540/$1 at the official window on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the figure was N36 lower than the N1,576/$1 the currency traded at the official window on Wednesday. The Naira continued its slide against the dollar in the parallel section of the forex market and traded at N1,700/$1 compared to …

The Naira recovered from days-long slump and traded N1,576/$1 at the official window on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that Thursday’s figure was N91 lower than the N1,667/$1 the currency traded at the previous day’s official window. The naira lost N20 against the dollar in the parallel section of the forex market and traded …

The naira weakened by N9 against the US dollar on the official exchange on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,667/$1, up from N1,658/$1 traded at the official window the previous day. The naira lost N10 against the dollar in the parallel section of the forex market to …

The naira weakened against the US dollar by N96 on the official exchange on Tuesday. The naira’s decline coincided with the decision of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to raise interest rates to 27.25 percent. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,658/$1, above the …

The Naira started the week on a low, losing N21 against the US dollar on the official exchange on Monday, September 23, 2024. The local currency was trading at N1,562/$1 on the official window to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,562/$1 is N21 lower than the N1,541/$1 the currency traded at the official …

Nigeria’s local currency, the naira, has joined the ranks of the world’s worst-performing currencies, according to a Bloomberg report. The naira’s poor performance is mirrored by other African currencies, including the Zambian kwacha and the Angolan kwanza, with five African currencies in the bottom 10. The report cited economic challenges, volatile commodity prices, inflationary pressures and a lack of dollar …

The Naira weakened slightly by N5 against the US dollar on the official exchange on Thursday, September 19, 2024. The local currency was trading at N1,544/$1 on the official exchange according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,544/$1 is N5 higher than the N1,539/$1 the currency traded at the official window on the …

The naira strengthened by N117 against the US dollar on the official exchange on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency was trading at N1,539/$1, below the N1,656/$1 it traded at the official window the previous day. The naira closed flat against the dollar in the parallel section of the forex market to …

The naira weakened by N110 against the US dollar on the official exchange on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,656/$1, up from N1,546/$1 traded at the official window the previous day. However, the naira strengthened by N5 against the dollar in the parallel forex market to trade …