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Naira depreciates against dollar at foreign exchange market
Due to a decline in foreign exchange availability at the beginning of the week, the Nigerian naira has continued to depreciate significantly versus the dollar on the foreign exchange market. According to FMDQ data, the naira fell sharply from Friday of last week's N1652. ....
Naira appreciates to N1,730/$ in parallel market
In the parallel market, the value of the Naira increased from N1,740 to N1,730 per dollar on Wednesday to N1,730 yesterday. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira fell to N1,650.2 per dollar. The indicative exchange ra ....
Naira drops to N1740/$ in parallel market
In the parallel market, the value of the Naira dropped from N1,735 to N1,740 per dollar on Tuesday to N1,740 yesterday. Similarly, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira increased to N1,645.4 per dollar. According to data from ....
Naira appreciates against dollars at official foreign exchange market
A boost in FX supply coincided with the naira's appreciation against the dollar at the official foreign exchange. The naira slightly gained to N1671 per dollar on Tuesday from N1676.90 on Monday, according to FMDQ data. In relation to the dollar, this indicates a slight gain of ....
Naira rises to N1,725/$ in parallel market
In the parallel market, the Naira rose from N1,735 to N1,725 per dollar last Friday to N1,725 per dollar yesterday. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira fell to N1,676.9 per dollar. According to data from FMDQ, the n ....
Naira rises to N1,725/$ in parallel market
In the parallel market, the value of the Naira increased from N1,730 to N1,725 per dollar on Monday to N1,725 yesterday. Similarly, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira increased to N1,630.45 per dollar. According to data from FMD ....
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Naira drops to N1,739/$ in parallel market
In the parallel market, the value of the Naira dropped from N1,735 to N1,739 per dollar on Wednesday to N1,739 yesterday. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira increased to N1,601.2 per dollar. According to data from FMDQ, the na ....
Naira rises to N1,715 in parallel market
Nonetheless, the Naira rose from N1,725 to N1,715 per dollar last weekend to N1,715 per dollar yesterday in the parallel market. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira dropped to N1,603.16 per dollar yesterday.According to data ....
Naira appreciates against dollars
After several days of decline, the naira ended the week on a positive note after making a big increase versus the dollar on the foreign currency market. According to FMDQ data, the value of the naira increased from N1660.49 to N1600.78 per dollar from Thursday to Friday. This a ....
Naira rises to N1670/$ in parallel market
In a similar vein, the value of the Naira increased on the Nigerian Autonomous Foreign Exchange Market, or NAFEM, to N1,622.57 per dollar. In a similar vein, the value of the Naira increased on the Nigerian Autonomous Foreign Exchange Market, or NAFEM, to N1,622.57 per dollar. The ....
Naira drops against dollar
At the start of the week, the naira lost value in relation to the dollar on the foreign currency market as the supply of FX declined even more. According to FMDQ data, the value of the naira slightly declined on Monday, trading at N1635.15 per dollar as opposed to N1631.21 on F ....
Naira rises to N1700 in parallel market
The Naira yesterday rose to N1,700 per dollar in the parallel market from N1,705 per dollar on Monday. Similarly, the Naira declined to N1,669.15 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. The indicative exchange rate for NAFEM dropped to N1,669. ....
Naira drops to N1,680/$ at parallel market
In the parallel market yesterday, the value of the Naira fell from Tuesday's N1,655 per dollar to N1,680 per dollar. Similarly, on the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira fell to N1,667.42 per US dollar. The indicative exchange rate for ....
Naira drops to N1,656/$ in foreign exchange market
On the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira fell to N1,656.49 per dollar yesterday. The indicative exchange rate for NAFEM increased to N1,656.49 per dollar from N1,546.51 per dollar last Friday, according to data from FMDQ, suggesting a ....
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Naira appreciates against dollar
Twenty-four hours after the decline, the Naira made substantial gains versus the dollar in the foreign exchange market. The naira strengthened against the dollar on Wednesday, reaching N1,555.75 from N1637.59 on Tuesday, according to FMDQ data. Compared to Tuesday's value of N1 ....
Naira depreciates to N1,660 in parallel market
In the parallel market, the value of the Naira dropped from N1,645 per dollar last Friday to N1,660 per dollar yesterday. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira increased to N1,580.46 per dollar. The indicative exchang ....
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Naira depreciates to N1,639/$ at official market
The naira's decline in value intensified yesterday, as the official exchange rate was N1, 639.41 to the dollar. According to the Nigerian Autonomous Foreign Exchange Market (NAFEM) rate, the dollar traded for N1,606 the day before, meaning that the figure yesterday showed a sta ....
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Naira appreciates against dollars at foreign exchange market
On the foreign exchange market on Tuesday, the naira saw its first gain versus the dollar as the volume of FX transactions surged. The naira increased by N2.33 to N1594.27 per dollar on Tuesday, according to FMDQ statistics, from N1596.60 on Monday. The naira held its Monday va ....
Naira depreciates against dollars at foreign market
On Monday, the naira depreciated against the dollar at the official foreign market, setting the tone for a poor start to the week. According to FMDQ data, the value of the naira fell from N1570.14 on Friday to N1596.60 per dollar on Monday. This indicates a noteworthy N26.46 de ....
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Naira gains against dollar
At the official foreign exchange market on Wednesday, the naira saw a sharp increase in value relative to the dollar. The naira increased from N1,592.06 to N1543.84 per dollar on Wednesday, according to FMDQ data. This is a notew ....
Naira falls to N1, 600/$ in parallel market
In the parallel market, the value of the Naira dropped from N1,590 per dollar last weekend to N1, 600 per dollar yesterday. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira increased to N1,579.22 per dollar. The indicated exchange rate ....
Naira appreciates against dollar at foreign market
On Monday, the official foreign market saw the naira continue its upward trend vs the dollar. The naira increased by N3.21 to N1570.99 per dollar on Monday, according to FMDQ statistics, from N1,574.20 on Friday. In relation to the dollar, this is a minor 3.21 increase from N1, ....
Naira appreciates against dollar at black market
On Thursday, the Naira saw a notable N10 gain vs the USD at the underground foreign exchange market. The Naira was sold at N1610 per dollar on Wednesday, as opposed to N1620 on Wednesday.“We buy at N1605 and sell at N1610 on Thursday”, he said.This development ....
Naira falls to N1600/$ at parallel market
In the parallel market, the value of the Naira dropped from N1,590 last weekend to N1,600 per dollar yesterday.However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, yesterday, the value of the Naira increased to N1,607.15 per dollar. The indicated ....
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Naira appreciates to N1,580/$ at parallel market
From N1,610 per dollar last Friday, the Naira strengthened to N1, 580 per dollar in the parallel market yesterday. However, the Nigerian Autonomous Foreign Exchange Market, or NAFEM, saw a depreciation of the Naira yesterday, with one dollar worth N1,611.4. The indicative excha ....
Naira appreciates to N1, 565/$ in parallel market
In the parallel market yesterday, the value of the Naira increased from N1,585 per dollar last Friday to N1,565 per dollar. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira decreased to N1,548.76 per dollar. The indicative exc ....
Naira appreciates against dollar following increase in minimum wage
In reaction to President Bola Tinubu's N70,000 new national minimum hike, the naira saw a notable gain on Thursday in both the official and foreign exchange illicit markets. The naira saw a notable increase on Thursday evening, rising from N1,615 per dollar on Wednesday to N1,5 ....
Naira depreciates further at foreign exchange market
In the black foreign exchange market, the value of the Naira has continued to decline versus the US dollar. Wuse Zone 4 Bureau De Change Operator Ashiru Dayyabu said that on Tuesday, the Naira dropped from N1560 per dollar on Monday to N1585 per dollar. By compari ....
Naira rises against dollars at parallel market
For the first time since last week, the naira strengthened versus the dollar on both the official and black market foreign exchange exchanges. The naira slightly increased in value against the dollar on Thursday, trading at N1,554.65, from N1,561.98 on Wednesday, according to F ....
Naira falls to N1,523 per dollar at parallel market
On Monday, the value of the naira declined on the official and black markets. The naira lost value relative to the US dollar in the official Nigerian Autonomous Foreign Exchange Market, closing at 1,523.85 from the previous close of 1,509.67. For investors, exporters, and end u ....
Naira drops further against dollar at foreign market
On Wednesday, the naira lost even more ground to the dollar in the foreign exchange market. The naira fell to N1512.61 acgainst the dollar on Wednesday from N1509.45 on Tuesday, according to FMDQ data. In relation to the dollar, this is a N3.16 drop from the N1509.45 traded on ....
Naira appreciates to N1,510/$ in parallel market
On the parallel market, the value of the Naira increased Wednesday, reaching N1,510 per dollar, from N1,515 per dollar on Friday of previous week. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira decreased to N1,508.99 per dollar. According ....
Naira appreciates against dollars at foreign exchange market
After nine days of devaluation, the Naira strengthened against the dollar on Friday at the foreign exchange market, capping off a solid week. According to FMDQ data, the Naira strengthened versus the dollar on Friday, trading at N1505.30 as opposed to N1510.10 on Thursday. ....
Naira rises to N1,500/$ at parallel market
On the parallel market, the value of the Naira increased from N1,505 per dollar on Monday to N1,500 per dollar yesterday. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira decreased to N1,500.79 per dollar. The indicative ....
Shoprite set to shut down Abuja branch June 30
Shoprite Mall has said that it will close one of its locations in Abuja on June 30, 2024. The branch is located in Wuse Zone 5 near Novare Central Mall. This was stated in a memo that our correspondent received on Monday and that was signed by the retail supermarket's chief exe ....
Naira depreciates at parallel market
At the parallel segment of the foreign currency (FX) market on Friday, the value of the naira decreased to N1,495 per dollar. When compared to the N1,490/$ transacted on June 19, the current rate reflects a decrease of 0.33 percent. Currency dealers, often referred to as bureau ....
Naira rises to N1,485/$ in parallel market
On the parallel market yesterday, the value of the Naira increased from N1,490 per dollar on Wednesday to N1,485 per dollar. However, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira decreased to N1,485.36 per US dollar. The indicative e ....
Naira rises to N1,375 per dollar in parallel market
On the parallel market yesterday, the value of the Naira increased from N1,500 per dollar on Tuesday to N1,375 per dollar. However, the value of the Naira decreased on the Nigerian Autonomous Foreign Exchange Market (NAFEM) to N1,339.33 for every US dollar. The indicative excha ....
Naira depreciates, trades at N1402.67/$ at foreign exchange market
In the international exchange market, the Naira's fall versus the US dollar has resumed. The Naira lost value against the dollar on Thursday, falling to N1402.67 from N1,390.96 on Tuesday, according to FMDQ statistics. In comparison to the N1,390.96 recorded on Tuesday, this in ....
Naira appreciates against dollar, trades at N1,320/$ at parallel market
In the parallel market yesterday, the value of the Naira increased from N1,340 per dollar on Monday to N1,320 per dollar. In a similar vein, the value of the Naira increased to N1,390.96 per dollar on the Nigerian Foreign Exchange Market, or NAFEM. The indicated exchange ....
Naira appreciates to N1,275/$ at parallel market
The naira strengthened by N125 over the weekend to reach N1,275/$1, indicating that it is starting to gain strength against the US dollar. The new exchange rate is 9.8% more than what it was trading for at the end of Friday's trading session, which was N1,400 to the dollar.&nbs ....
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Naira rises to N1000/$ at FX black market
As the foreign currency market opened on Monday, the value of the Naira increased to N1000 per US dollar. The BDC operator predicts that during the course of the week, the value of the Naira will continue to rise below N1000 per dollar.“The Naira is selling between N10 ....
Naira appreciates against dollar at parallel market
The parallel segment of the foreign currency (FX) market saw an increase in the value of the naira on Monday, reaching N1,120 per dollar. T ....
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Nigeria's inflation rose to 31.70% in February, NBS says
Nigeria's inflation rate increased from 29.90% in January 2024 to 31.70% in February.In its most recent CPI and inflation data, which was made public on Friday, the National Bureau of Statistics stated that this number represents an increase of 1.80%.The aforementioned sugges ....
Naira gains at parallel, value increases to N1,570 per dollar
On Wednesday, the parallel segment of the foreign currency (FX) market saw a 1.88 percent increase in the value of the naira, making it N1,570.Nigeria's currency increased from its March 11 trading of N1,600/$. The purchase rate of the US dollar was stated by currency de ....
Naira appreciates against US dollar at forex market
In the foreign exchange market, the value of Naira has increased in relation to the US dollar despite Binance, a cryptocurrency platform, being restricted.The Naira strengthened from N1,615.94 on Tuesday to N1,609.51 at the close of trading on Wednesday, according to data from FMDQ. ....
Naira appreciates at forex market
According to DAILY POST, during the weekend, the value of the Naira increased in relation to the US dollar in the alternative foreign exchange market. ....
Naira falls to N1,565 per US dollar in parallel market
The value of the naira dropped on the parallel market yesterday, from Tuesday's N1,510 per dollar to N1,565 per dollar.In a similar vein, the value of the naira dropped on the Nigerian Foreign Exchange Market (NAFEM) Tuesday, to N1,503.38 per dollar.The indicative exchange r ....
Naira depreciates, crashes to N1,534 against US dollar
Monday saw a record low for the Naira against the US dollar at the foreign exchange market, where it was valued at N1,534.39.The Naira fell to N1,534.39 per US dollar on Monday from N1,469.97 on Friday, according to data from FMDQ.This is a depreciation of 4.2%, or N64.42, from the closing price of ....
Lagos govt shuts Katangua, Oke-Afa markets for poor waste disposal
The Oke-Afa and Katangua markets in Isolo and Abule Egba have been sealed by the Lagos State Government due to violations of waste disposal regulatio ....
All banknotes (old and new) remain legal tender– CBN
The Central Bank of Nigeria, or CBN, declared on Wednesday that all currency, new and old, is still valid for payment.The nation's top bank was responding to reports of inadequate funding and old notes being rejected in certain regions.The bank on its Twitter platform now X ....
Lagos govt maintains Ladipo market's closure
On Monday, the Lagos State Government said that Ladipo Market had not yet been reopened.A press release issued by Director of Public Affairs, Mrs. Kadiri Folashade, stated that the market still needed to meet certain environmental and safety requirements before resuming business ope ....
BUA reduces cement price to N3,500
BUA Cement's management claims that the ex-factory price has been lowered to N3,500 in order to promote growth in the infrastructure and building materials industries. The company's management stated in a statement on Sunday that the new ex-factory price will take effect on October 2. ....
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Police close down Ogun digital market
On Friday morning, heavily armed policemen stormed the popular phone and digital market known as Tarmac in the Panseke neighbourhood of Abeokuta, Ogun State, and ordered the traders to leave because there was a court order requiring them to do so.Some of the vendors highligh ....
Naira gains value, trades at N890/$ at parallel market
Nigeria's official currency, the naira, is now trading at N890 to $1 on the secondary foreign exchange (FX) market.The price has increased by 60, or 6.3 percent, from the N950 it was last week.The naira has been slowly strengthening against the US dollar at the street market, ....
Market recovers, investors gain N10bn
The Nigerian Exchange Limited's downward trend came to an end on Tuesday as the market recovered and investors gained N10 billion.The market value of shares increased by 0.03 per cent to N29.909 trillion, matching the All Share Index's 0.03 per cent increase to 54, 906.65 from 54, 886.04 o ....
New Mansion sold for $111m in Hong Kong, ranks the most expensive this year
A tasteful six-bedroom villa has smashed this year's record as the world's most expensive home sold. The property is not in a random location but in Shouson Hill, one of Hong Kong's most exclusive neighbourhoods, home to several wealthy and powerful people including Li Ka-shing who is the 37th ri ....
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Hunger in Africa, set to increase as a result of the Russia-Ukraine conflict
On Wednesday, Moussa Faki, Chairperson of the African Union (AU) commission declared that Africa has become a collateral victim of the ongoing Russia-Ukraine conflict. “By profoundly upsetting the fragile global geopolitical and geostrategic balance, it (Ukraine conflict) has also ca ....
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Hello, I'm
Aishat Akinbami
I'm a content writer. I'm passionate about creating compelling content that connects with readers and inspires them to take action. My writing focuses on topics related to technology, business, lifestyle, travel, news articles, and more. I have a knack for finding the perfect words to convey a message, and I'm constantly reading, researching, and learning about new topics. I also love to stay up to date on the latest content marketing trends and best practices.
