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Dollar and Naira exchange rate - Page 2

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

Nigerian Govt To Raise $10bn To Boost Foreign Exchange Liquidity As Naira Falls To N1,850/$1

In a bid to address the escalating challenges in the foreign exchange market, the Nigerian Federal Government has announced plans to secure a substantial sum of $10 billion. The aim is to enhance liquidity and stabilize the naira, which recently plummeted to

February 21, 2024

Business·Markets·News

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

The Nigerian naira hit a new low against the US dollar on Monday, sparking concern among citizens as the currency continued its downward spiral in both official and parallel foreign exchange markets. At an alarming rate of N1,730/$ in the parallel market,

February 20, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Markets·News

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

In a turn of events, the Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a significant 56% decline in transaction value, plummeting from $465.29 million on Tuesday to $203.93 million on Wednesday, as reported by FMDQ Exchange on Thursday. Analysts attribute this downturn

February 9, 2024

Gold remains too hot to chase, too hot to short

Business·Currency

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

As global tensions escalate with conflicts in the Middle East and geopolitical events unfold, Gold prices surge beyond $2,030, reflecting heightened demand for safe-haven assets.

January 21, 2024

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency·News

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

In a twist of currency dynamics, the naira faces a tale of two markets as its value fluctuates to N1,230/$1 and N1,245/$1, driven by unofficial P2P and physical black markets despite Nigeria’s apex bank interventions. Despite efforts by the Central Bank of Nigeria

January 9, 2024

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

In a positive turn for the Nigerian economy, the Naira saw a surge against the dollar at both the official and parallel forex markets on Monday. The official exchange rate closed at N856.57 to a dollar, marking a 1.45% gain from the

January 9, 2024

Business·Currency·News

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

On a day marked by a marginal gain for the Naira against the dollar, the local currency appreciated to close at N901.41 to a dollar at the official market, while holding steady at N1,260/$1 at the black market on Thursday, December 14th,

December 15, 2023

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

In a dramatic plunge, the Nigerian Naira plummeted to a historic low of N951/$1, marking a 15.19% depreciation in the official market. Wednesday’s trading saw fluctuations, with an intraday high of N1159.10/$1 and a low of N701/$1, showcasing a concerning spread of

December 6, 2023

Business·Currency

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

The naira has experienced a 5.4% decline affecting both the official and black markets. The official rate on the NAFEM closed at N808/$1, while the parallel market saw N1170/$1. This downturn marks a new low for the Naira, as it hasn’t faced

October 21, 2023

Business

Naira Falls to N1045/$ Amid Federal Reserve’s Cautious Stance

As the Federal Reserve maintains a cautious stance amidst uncertainties, the naira faces a significant decline in the parallel market. The continuous mismatch between demand and supply has pushed the naira to N1045/$ against the dollar, marking a 40% loss since mid-June.

October 12, 2023

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Dollar and Naira exchange rate - Page 2

Nigerian Govt To Raise $10bn To Boost Foreign Exchange Liquidity As Naira Falls To N1,850/$1

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

Naira Falls to N1045/$ Amid Federal Reserve’s Cautious Stance

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