24hrs News & Updates
The Naira depreciated to N1,745 per dollar in the parallel market from N1,740 per dollar on friday. Similarly, the Naira depreciated to N1,672.69 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,672.69 per dollar from N1,644.86 per dollar on Thursday,…
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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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The International Police Organisation (INTERPOL) has revealed that “hundreds of thousands of dollars” are being laundered out of Nigeria every hour, reaching other African countries and locations worldwide.INTERPOL Vice President for Africa, Garba Baba Umar, made this disclosure at the EFCC Academy in Abuja while inaugurating a four-day workshop for Nigerian law enforcement agencies. He…
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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 has depreciated against the Dollar in the foreign exchange market for the first time since March 2024 amid the decline of FX reserves. FMDQ data showed that the Naira dropped after months of stability to N1,148.14 per Dollar on Tuesday from N1,136.04 on Monday. This represents N12 or 1 per cent depreciation compared…
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