24hrs News & Updates
The naira dipped against the Dollar in the foreign exchange markets even as the Central Bank of Nigeria increased interest rate. A Bureau De Change operator in Wuse Zone 4, Abuja, Dayyabu Ashiru told newsmen that the naira exchanged for N1,590 per dollar on Tuesday from N1,570 the previous day. “We buy at N1,580 per…
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This week, Naira closed at N927.19/$ on the official Investor and Exporter (I&E) forex window. This marks a 16.64 per cent decline from the N794.89/$ it closed the week that ended November 24, 2023, according to data from the FMDQ Securities Exchange. Also, the turnover of dollars traded in the market improved from $75.82m to…
Read More “Naira Depreciates By 16%, Closes Week At N927/$” »
The naira closed trading on the Investor & Exporter forex window on Thursday at N996.75/$. This is a 13.95 per cent depreciation from the N874.71/$ it closed trading on Wednesday. This means the naira has lost 27.75 per cent of its value since opening the week at N780.23/$ according to information on the FMDQ OTC…
Read More “Naira Depreciates To N1000/$ In Official Market” »