naira

The Nigerian currency, naira continued its appreciation against the United States dollar on Wednesday as it ended at N850 per dollar at the close of trading. Ripples Nigeria had reported that the Nigerian currency appreciated on Tuesday, ending the day at N915 per dollar 24 hours after the Central Bank of Nigeria announced that it was intervening with some measures …

Following the massive gain of N234 recorded by the naira against the dollar on Monday, the Nigerian currency, Tuesday, December 12, 2023, slumped marginally against the American greenback. The Nigerian currency traded at N865.03/$1 at the close of business on Tuesday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window where forex is officially traded, showed. This represents a …

The Nigerian currency, the naira continued its free fall on Thursday as it weakened in the parallel market closing at N1,175 per dollar. Ripples Nigeria reports that the naira had exchanged for N1,100 on Wednesday before falling further on Thursday to N1,175, showing a depreciation rate of 6.8 percent. Also at the parallel market, the British pound sterling exchanged for …

In a bid to arrest the free fall of the naira at the parallel market, also known as black market, the Central Bank of Nigeria {CBN}, on Monday, announced new measures aimed at curbing the activities of currency speculators. This was disclosed by the Acting Governor of the CBN, Folashodun Shonubi to State House correspondents at the Presidential Villa after briefing …

The Naira crossed the N1,000 mark to reach an all-time low of N1,099.05/$1 on Friday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown. This represents a significant 23.29% or N255.98 drop in valuation compared to its previous closing rate. The Nigerian currency had on Thursday rebounded to close at N843.07/$1 at the official market. However, the …

The naira exchanged for N742.10 to a dollar at the Investors and Exporters window on Tuesday. The local currency appreciated by 4.06 percent compared to the N773.50 it exchanged for against the dollar on Monday. The open indicative rate closed at N761.24 to the dollar on Tuesday. READ ALSO: Naira to Dollar exchange rates drop in official and black markets …

The naira exchanged for N773.50 to a dollar at the Investors and Exporters window on Monday. The local currency depreciated by 7.08 percent against the N736.62 it exchanged for the dollar last Friday. The open indicative rate closed at N771.49 to the dollar on Monday. A spot exchange rate of N804.15 to the dollar was the highest rate recorded during …

The Nigerian currency, naira depreciated further at the black market, on Friday as it sold for N950 to the US dollar. Ripples Nigeria had reported that the naira sold for between N910 to N930 on Thursday at the black market. READ ALSO:Naira to dollar rate closes at N789/$1, peaks at N804/$1 in official market In Lagos, the exchange rate for …

The Nigerian naira, Wednesday, November 29, 2023, recovered from a three-day consecutive slump to gain N50.41 against the dollar to close at N831.47/$1 at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The domestic currency appreciated 6.06% to close at N831.47 to a dollar at the close of business on Wednesday, data from the NAFEM where forex is officially …

The free-fall of the naira continued unabated at both the official and parallel markets on Tuesday. The Nigerian currency depreciated by 7.63% to close at N881.88/$1 in the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window. This represents a N67.28 decline in the local currency compared to the N814.60 it closed on Monday. The intraday high recorded was N1159/$1, while …