The Naira yesterday appreciated to N1,700 per dollar in the parallel market from N1,705 per dollar on Monday. However, the Naira depreciated to N1,669.15 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,669.15 per dollar from N1,541.94 per dollar on…
The naira depreciated slightly against the dollar at the foreign exchange market ahead of Nigeria’s 64th Independence Day holiday on today. FMDQ data showed that the naira closed at N1541.94 per dollar on Monday from N1540.78 exchanged on Friday last week, losing N1.16. Meanwhile, the naira remained flat and unchanged at N1700 per dollar exchange…
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The naira depreciated massively against the dollar in the foreign exchange market amid the Central Bank of Nigeria’s fifth interest rate hike to 27.25 per cent. FMDQ data showed that the naira exchanged at N1658.48 per dollar on Tuesday from N1562.66 traded on Monday. This represents N95.82 depreciation against the dollar. Similarly, at the black…
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The supply of Dollar and other currencies dropped at the foreign exchange market as the Naira exchange rate depreciated on Thursday. FMDQ data showed that the foreign exchange transactions turnover declined to $87.51 million on Thursday from $139.48 million recorded the previous day. This represents a $57.97 million decrease in FX transactions turnover on a…
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The Naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,615 per dollar on Tuesday. Similarly, the Naira yesterday depreciated to N1,606.56 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,606.59 per dollar from N1,594.27 per dollar…
The Naira yesterday depreciated to N1, 615 per dollar in the parallel market from N1,610 per dollar on Tuesday. However, the Naira appreciated to N1,543.84 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,543.84 per dollar from N1,592.06 per dollar…
The naira continued to depreciate against the dollar on the foreign exchange market on Tuesday. FMDQ data on Tuesday showed that the naira further weakened to N1,592.06 per dollar from N1579.22 exchanged on Monday, which represents N12.84 depreciation. Similarly, at the parallel market, the naira fell to N1615 per dollar on Tuesday from N1610 on…
The naira fell against the dollar at the foreign exchange market to start the week on a negative note. FMDQ data showed that the currency depreciated to N1579.22 per dollar on Monday from N1,564.48 last Friday. This represents N14.74 loss against the dollar. Similarly, at the black market, the naira weakened to N1610 per dollar…
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The Naira depreciated on Tuesday as Dollar supply at the official foreign exchange market dropped by 18.26 percent to $201 million. FMDQ data showed that the turnover of willing buyers and sellers at the official FX market declined to $201 million from $246.44 million on Monday. This comes as the country’s external reserves also dropped…
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THE Naira yesterday appreciated to N1,580 per dollar in the parallel market from N1,585 per dollar last weekend. Similarly, the Naira yesterday appreciated to N1,570.99 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,570.99 per dollar from N1,574.2 per dollar…
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