24hrs News & Updates
The FMDQ data today has shown that the naira depreciated to N1,577.29 against the dollar on Monday from N1,563.80 last Friday. This represents N13.49 depreciation against the dollar compared to the N1,563.80 traded on Friday. Meanwhile, at the parallel foreign exchange market, the naira maintained the same N1,560 per dollar rate traded on Friday. The…
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The naira has again depreciated against the dollar in the foreign exchange market despite the increase in Nigeria’s external reserves. FMDQ data showed that the naira depreciated to N1523.85 against the dollar on Monday from N1509.67 traded last Friday. This represents N14.18 loss against the dollar compared to the N1509.67 traded on Friday. Similarly, the…
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The naira appreciated against the dollar at both official and parallel foreign exchange markets to begin the week on a good note. FMDQ data showed that the naira appreciated to N1,476.12 per dollar on Monday, a N9.87 gain compared to the N1485.99 recorded last Friday. Similarly, in the parallel market section, the naira appreciated to…
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The naira yesterday exchanged at N1,050 to dollar at the parallel market. It exchanged at N1,125 to dollar over the weekend, representing N75 appreciation. Naira appreciated by 0.56 per cent to close at N1,136 to dollar at the official market. The local currency had of recent commenced rapid recovery, as volatility in the market dropped…
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