naira

The naira continued its decline against the US dollar on the official exchange on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N29 to trade at N1,561/$1, up from N1,532/$1 recorded on Tuesday. The highest and lowest intraday prices recorded during the day were N1,585/$1 and N1,475/$1 respectively, indicating a narrow …

The naira continued its decline against the US dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N9 to trade at N1,532/$1 on the official exchange today. This is higher than the N1,523/$1 traded on Monday. The intraday high and low prices recorded on the day were N1,555/$1 and N1,465/$1 …

The Nigerian currency, the naira started the week against the US dollar on Monday, July 8, 2024 on a negative note. The local currency weakened by N14 to trade at N1,523/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.509/$1 traded on Friday, July 5, 2024. The highest and …

The naira recovered from its recent slump against the US dollar on Friday to close the week on a positive note. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N11 to trade at N1,509/$1 on the official exchange. The figure is lower than the N1,520/$1 the naira was trading at on Thursday. The …

The naira continued its depreciation against the US dollar on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N8 to trade at N1,520/$1 on the official exchange today. This is higher than the N1,512/$1 it was trading at on Wednesday. The intraday high and low prices recorded during the day were …

The naira continued its depreciation against the US dollar on the official exchange on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) shows that the local currency fell by N3 to trade at N1,512/$1 today. This is higher than the N1,509/$1 traded on Tuesday. The intraday high and low prices recorded during the day were N1,535/$1 and N1,445/$1 …

The Naira lost N1 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 N1,509/$1 on Tuesday compared to N1,508/$1 recorded the previous day. The intraday high and low prices recorded during the day were N1,521/$1 and N1,445/$1 respectively, indicating a slim spread …

Nigeria’s currency, the naira, started the week on a weaker note against the US dollar. The local currency lost N3 to trade at N1,508/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. At the close of trading on Monday, July 1, 2024, the naira lost N3 against the dollar after the exchange rate of N1.505/$1 recorded on Friday, …

Nigeria’s naira has experienced a dramatic reversal of fortune, plummeting to the rank of worst-performing currency globally in the first half of 2024, according to a Bloomberg report on Friday.Read more This depreciation comes after a brief period of strengthening earlier this year, highlighting the challenges facing the Nigerian economy. Apart from the naira, the Egyptian pound and the Ghanaian …

The naira gained its first in more than 10 days against the US dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the Nigerian currency strengthened by N5 to trade at N1,505/$1 on the official market today. The currency was trading at N1,510/$1 on Thursday. The intra-day high and low recorded during the day were N1,540/$1 …