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Dollar and naira daily report

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

FX Market Closes August On a Downward Trend As Naira Continues To Weaken

Naira Struggles in FX Market at Month-End The foreign exchange (FX) market witnessed a challenging end to August, with the naira recording significant losses against the dollar across various trading platforms. The Nigerian Autonomous Foreign Exchange Market (NAFEM) saw the naira close

September 3, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Naira Gains Against Dollar As Market Awaits US Inflation Data

The naira made some gains against the US dollar as the dollar index moderated. Market players are awaiting the release of America’s inflation data and the Federal Reserve’s interest rate decision later today. According to price action data, naira bulls have managed

June 13, 2024

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Markets·News

Naira Remains Stable At N1,483/$1, Traders Express Cautious Optimism

The naira remained stable at N1,483.62 per US dollar on Monday, at the Nigerian Autonomous Foreign Exchange Market, as reported by FMDQ Securities Exchange Limited. This marks a marginal strengthening of 0.02 per cent from the rate of N1,483.99 quoted on Friday,

June 11, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Markets·News

Naira Appreciates By N7 Against Dollar, Trades At N1,481/$1 At Official Market

The Nigerian currency, the naira, showed signs of recovery on Thursday, June 6, 2024, trading at N1,481 to the American dollar, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks a slight gain from the previous day’s rate

June 7, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Markets·News

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024. Closing at N1,488.60/$1, the naira experienced a 0.78% drop from the previous day on the NAFEM window, according to the latest data from

June 6, 2024

Business·Markets·News

Naira Stable On More Dollar Sales

The naira remained stable across foreign exchange markets on Tuesday, with a surge in dollar sales by 94.46% at the official market. Despite the fluctuations, the local currency showed resilience, reflecting the dynamics of Nigeria’s foreign exchange market. The naira closed at

June 5, 2024

Business·Markets·News

Naira Struggles At Official Market Amidst Marginal Dollar Supply Increase

The naira returned to a downward trend on Wednesday after experiencing gains for two consecutive trading days at the official foreign exchange (FX) market. Despite a slight increase in dollar supply, the naira’s value depreciated by N11.72, with the dollar quoted at

May 30, 2024

Business·Markets·News

Naira Gains In Parallel Market, Trade For N1,500/$1 As EFCC Cracks Down On Illegal Trading

The Nigerian naira showed resilience against the US dollar in the parallel market this week, reflecting a slight appreciation despite challenges. On Friday, the naira was valued at N1,500 per dollar, improving from N1,510 on Thursday. Similarly, in the Nigerian Autonomous Foreign

May 25, 2024

Business·Markets·News

Naira Decline Breaks Four-Day Winning Streak, Falls To N1485/$1 Amid Forex Market Volatility

The naira’s four-day winning streak ended on Thursday as it depreciated by 1.55%, closing at 1485.66/$1 on the official market. This marks the currency’s lowest level since March 20, when it traded at 1492.61/$1, according to the latest data from the FMDQ.

May 24, 2024

News

Naira Depreciates To N1,533/$1 At Official Rate Amidst Market Turbulence

The Nigerian naira faced depreciation against the US dollar on Thursday, reaching N1,533.99 per dollar in the official NAFEM Window. This marks a notable 4.89% decline from the previous day’s rate of N1,459.02/$1, underscoring the volatile nature of the currency market. “This

May 17, 2024

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Dollar and naira daily report

FX Market Closes August On a Downward Trend As Naira Continues To Weaken

Naira Gains Against Dollar As Market Awaits US Inflation Data

Naira Remains Stable At N1,483/$1, Traders Express Cautious Optimism

Naira Appreciates By N7 Against Dollar, Trades At N1,481/$1 At Official Market

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

Naira Stable On More Dollar Sales

Naira Struggles At Official Market Amidst Marginal Dollar Supply Increase

Naira Gains In Parallel Market, Trade For N1,500/$1 As EFCC Cracks Down On Illegal Trading

Naira Decline Breaks Four-Day Winning Streak, Falls To N1485/$1 Amid Forex Market Volatility

Naira Depreciates To N1,533/$1 At Official Rate Amidst Market Turbulence

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