naira

The naira strengthened against the US dollar on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N22 to trade at N1,564/$1, down from N1,586/$1 it traded at on Wednesday. The highest and lowest intraday prices recorded during the day were N1,600/$1 and N1,515/$1 respectively, indicating a very tight spread of N85\$1. However, …

The naira slumped again against the American dollar on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency fell by N4 to trade at N1,586/$1, up from N1,582/$1 it was trading at on Tuesday. The highest and lowest intraday prices recorded during the day were N1,595/$1 and N1,495/$1 respectively, indicating a narrow spread of N100\$1. …

The naira fell against the US dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N12 to trade at N1,582/$1, up from N1,570/$1 it was trading at on Monday. The intraday high and low prices recorded during the day were N1,607/$1 and N1,496/$1 respectively, indicating a slim spread of N111\$1. …

Nigeria’s currency, the naira, started the new trading week on a high note by continuing its recovery against the US dollar on Monday, August 12, 2024. The local currency strengthened by N4 to trade at N1,570/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.574/$1 traded on Friday, August …

The naira continued its recovery against the US dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N6 to trade at N1,601/$1, down from N1,607/$1 it traded at on Monday. The highest and lowest intraday prices recorded during the day were N1,623/$1 and N1,560/$1 respectively, indicating a very tight spread of …

Nigeria’s currency, the naira, strengthened against the US dollar on Monday, August 5, 2024. The local currency strengthened by N10 at the start of the week to N1.607/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.617/$1 traded on Friday, August 2, 2024. The highest and lowest intraday prices …

The naira strengthened slightly against the US dollar on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency strengthened by N13 to close the month at N1,608/$1, down from N1,621/$1 recorded on Tuesday. The intraday high and low prices recorded during the day were N1,645/$1 and N1,399/$1 respectively, representing a wide spread of N246\$1. …

The naira fell further against the US dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency shed N10 to close trading at N1,621/$, up from N1,611/$1 recorded on Monday. The highest and lowest intraday prices recorded during the day were N1,635/$1 and N1,546/$1 respectively, indicating a very tight spread of N89\$1. The …

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 …