naira

Despite the recent depreciation of the Naira against the dollar, Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) has expressed optimism that the excessive volatility of the naira may be behind us. He even revealed that the apex bank was “relatively happy” with the progress made in stabilizing the naira. Ripples Nigeria reports that the naira for the …

Naira traded at N1,500/$ on the official window on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) shows that the local currency fell by N10 and traded at N1, 500.79/$1 in today’s trade. The rate is lower than N1,490.21/$1 recorded on the official market on Monday. The intra-day high and low recorded during the day were N1,507/$1, and …

The Nigerian currency, the naira started the week on a weaker note as it weakened slightly against the American dollar on Monday, June 24, 2024. The domestic currency traded at N1,490.20/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. At the end of trading on Monday, the naira lost N5 against the dollar following the value of N1,485.53/$1 …

The naira dipped slightly against the United States dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency traded at N1,485.53/$1 on Friday. At the end of trading today, the naira lost less than N1 against the dollar compared to N1,485.36/$1 recorded on Thursday. The intra-day high and low prices recorded during the …

The naira dipped slightly against the United States dollar on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency traded at N1,485.36/$1 on Thursday. This is N2 higher than the N1, 483.02/$1 traded on Wednesday. The intra-day high and low recorded during the day were N1,495/$1 and N1,434/$1 respectively, representing a very thin spread …

The Naira depreciated against the United States dollar on Friday and traded at N1, 476.24/$1. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the naira lost N6 against the dollar after trading at N1,482.72/$1 compared to N1,476.24/$1 recorded the previous day. The intra-day high and low recorded during the day were N1, 490/$1 and N1, 390/$1 respectively, …

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 …