naira

The United States Dollar (USD) was offered to clients of authorised dealers at a rate of N771.59/$1 at the end of trading in the official market on Wednesday. Based on data released by the FMDQ Exchange, the authorised dealers increased the rate by N26.62 kobo from the N744.97/$1 rate offered at the close of Tuesday’s session. Before the curtain was …

The naira exchanged for N744.97 to the dollar at the Investors and Exporters window on Tuesday. The local currency gained 0.39 percent compared to the N747.87 it exchanged for the dollar on Monday. The open indicative rate closed at N774.99 to the dollar today. A spot exchange rate of N799.83 to the dollar was the highest rate recorded during the …

The Nigerian naira, on Thursday, had a mixed performance against the US dollar, strengthening on the black market but weakening through the Investors and Exporters (I&E) window. Data from the black market shows the naira gained ground, trading at N997 to the dollar compared to N1,000 on Wednesday. However, at the I&E window, the domestic currency depreciated to N775.2 per …

The naira, Thursday maintained its up-and-down movement falling against the U.S. dollar at the official market but appreciated marginally at the parallel market. This follows the local currency appreciation against the dollar in the official market the previous day. The exchange rate between the naira and dollar fell to N841.14/$1 on Thursday at the official Nigerian Autonomous Foreign Exchange Market …

The naira, Wednesday, halted a 2-day slump to appreciate against the US Dollar at the official market. The exchange rate between the naira and dollar rose to N818.99/$1 on Wednesday at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window. This represents an N31.23 gain or a 3.81% increase in the local currency compared to the N850.22 it recorded on …

The naira exchanged for N756.21 to a dollar at the Investors and Exporters window on Wednesday. The naira lost 1.48 percent compared to the N745.19 it exchanged for the dollar on Tuesday. The open indicative rate closed at N766.82 to the dollar on Wednesday.READ ALSO: Naira drops further, now N965/$1 black market A spot exchange rate of N799.90 to the …

For the second consecutive day, the naira slumped against the US dollar at both the official and parallel markets. The exchange rate between the Nigerian currency and the American greenback fell to N850.22/$1 on Tuesday at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window. This represents a loss of N54.81 representing a 6.45% decline in the local currency compared …

The United States currency, the dollar, will crash against the naira soon, according to the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye. Adeboye made the projection on Sunday during RCCG’s thanksgiving service sermon titled; ‘Uncommon Miracles’. He didn’t give the exact period the naira will recover its lost value to the dollar, but said …

As Naira continues to depreciate against the US Dollar, the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has said that Nigeria will bounce back, stronger than dollar. The cleric made the declaration during Sunday sermon titled; ‘Uncommon Miracles’,. He spoke on the possibility of Naira bouncing back “and this time greater than the United …

It seems the efforts of the Federal Government and the Central Bank of Nigeria (CBN) to strengthen the naira might not yield the desired result after all if the latest report coming out from the Economist Intelligence Unit (EIU) is anything to go by. EIU, in its new country report for Nigeria, has predicted that Nigeria’s official exchange rate is …