Tag: Dollar to Naira exchange

Naira Appreciates Significantly Against The Dollar Inspite Of Protests

Posted on By Rextun boss No Comments on Naira Appreciates Significantly Against The Dollar Inspite Of Protests
Naira Appreciates Significantly Against The Dollar Inspite Of Protests

The naira recorded a significant gain against the dollar in the foreign exchange market despite the ongoing hunger protests. FMDQ data showed that the currency appreciated to N1607.15 against the dollar on Monday from N1617.08 exchanged last Friday. This represents a N9.93 gain Meanwhile, in the black market, the naira remained flat, maintaining the same…

Read More “Naira Appreciates Significantly Against The Dollar Inspite Of Protests” »

Exchange and Forex

Naira Slides Further Against Dollar Despite CBN Policy

Posted on By Rextun boss No Comments on Naira Slides Further Against Dollar Despite CBN Policy
Naira Slides Further Against Dollar Despite CBN Policy

The Naira has continued to further slide against the dollar in the foreign exchange market despite the Central Bank of Nigeria’s interventions. FMDQ data showed that the Naira slightly depreciated to N1509.45 against the dollar on Tuesday from N1508.99 traded on Monday. This represents a marginally N0.46 loss compared to the N1508.99 per dollar it…

Read More “Naira Slides Further Against Dollar Despite CBN Policy” »

Exchange and Forex

Naira Slumps To N1,410/$ In Parallel Market

Posted on By Rextun boss No Comments on Naira Slumps To N1,410/$ In Parallel Market
Naira Slumps To N1,410/$ In Parallel Market

Yesterday, the Naira depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. This was contrary to Naira’s appreciation in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,354.21per dollar from N1,400.4 per dollar last…

Read More “Naira Slumps To N1,410/$ In Parallel Market” »

Exchange and Forex