Tag: Dollar – Naira exchange rate

Naira Depreciates As Dollar Quantity Declines On Thursday

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Naira Depreciates As Dollar Quantity Declines On Thursday

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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Exchange and Forex

Naira Depreciates To N1,603.8/$ In NAFEM

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Naira Depreciates To N1,603.8/$ In NAFEM

Nigerian Naira yesterday depreciated to N1,603.8 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Sighted data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,603.8 per dollar from N1,586.71 per dollar on Wednesday, indicating N37.95 depreciation for the naira. The volume of dollars traded (turnover) in the market fell…

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Exchange and Forex