naira

The Naira started the week on a low, losing N21 against the US dollar on the official exchange on Monday, September 23, 2024. The local currency was trading at N1,562/$1 on the official window to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,562/$1 is N21 lower than the N1,541/$1 the currency traded at the official …

Nigeria’s local currency, the naira, has joined the ranks of the world’s worst-performing currencies, according to a Bloomberg report. The naira’s poor performance is mirrored by other African currencies, including the Zambian kwacha and the Angolan kwanza, with five African currencies in the bottom 10. The report cited economic challenges, volatile commodity prices, inflationary pressures and a lack of dollar …

The Naira weakened slightly by N5 against the US dollar on the official exchange on Thursday, September 19, 2024. The local currency was trading at N1,544/$1 on the official exchange according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,544/$1 is N5 higher than the N1,539/$1 the currency traded at the official window on the …

The naira strengthened by N117 against the US dollar on the official exchange on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency was trading at N1,539/$1, below the N1,656/$1 it traded at the official window the previous day. The naira closed flat against the dollar in the parallel section of the forex market to …

The naira weakened by N110 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 N1,656/$1, up from N1,546/$1 traded at the official window the previous day. However, the naira strengthened by N5 against the dollar in the parallel forex market to trade …

The Naira closed the week with a high exchange rate against the US dollar on the official exchange on Friday, September 13, 2024. The local currency was trading at N1,546/$1 on the official exchange according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,546/$1 is N103 higher than the N1,649/$1 the currency traded at the …

The naira strengthened sharply against the US dollar on the official exchange on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N79 to trade at N1,558/$1, down from N1,637/$1 traded at the official window on Monday. The intraday high and low prices recorded during the day were N1,659/$1 and N1,540/$1 respectively, representing …

The Naira started the week on a positive note against the US dollar in the official window on Monday, September 9, 2024. The local currency was trading at N1,580/$1 on the official window to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,580/$1 is N13 lower than the N1,593/$1 the currency was trading at on the …

The naira recovered against the US dollar on the official exchange on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N46 to trade at N1,593/$1, down from N1,639/$ recorded at the official window the previous day. The highest and lowest intraday prices recorded on the day were N1,665/$1 and N1,580/$1 respectively, indicating …

The naira fell further against the US dollar on the official exchange on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency fell by N14 to N1,639/$1, up from N1,625/$1 traded at the official window the previous day. The intraday high and low prices recorded on the day were N1,650/$1 and N1,410/$1 respectively, representing a …