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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

September 3, 2024

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

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

Business News·Markets·News

Naira Gains Against Dollar As Market Awaits US Inflation Data

June 13, 2024

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

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

Business News·Markets·News

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

June 11, 2024

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

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business News·Markets·News

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

June 7, 2024

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).

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

Business News·Markets·News

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

June 6, 2024

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

Business News·Markets·News

Naira Stable On More Dollar Sales

June 5, 2024

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

Business News·Markets·News

Naira Struggles At Official Market Amidst Marginal Dollar Supply Increase

May 30, 2024

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

Business News·Markets·News

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

May 25, 2024

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

Business News·Markets·News

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

May 24, 2024

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

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

May 17, 2024

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

Business News·Markets·News

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

May 16, 2024

The Naira showed resilience as it bounced back against the dollar at the end of Wednesday, recovering from a week-long depreciation in both official and unofficial foreign exchange markets. “I’m glad to

Business News·Markets·News

How Naira Drops From Best Performing Currency To worst In The World

May 11, 2024

In April, the naira took a steep dive, ranking as the worst-performing currency globally, according to a Bloomberg report. This unexpected shift has sparked concerns, particularly in Nigeria’s financial circles, as the

Business News·Markets·News

EFCC Arrests BDC Operators As Naira trades For 1,416/$1

May 8, 2024

Operatives from the Economic and Financial Crimes Commission (EFCC) reportedly descended on Bureau De Change (BDC) operators in Wuse Zone 4 market on Tuesday as the naira depreciated to N1,416 to a

Business News·Markets·News

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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

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

How Naira Drops From Best Performing Currency To worst In The World

EFCC Arrests BDC Operators As Naira trades For 1,416/$1

Naira Depreciates Further, Trades At N1,402 Against US Dollar

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