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Dollar and naira report

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

Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

The naira weakened further on Thursday at the official foreign exchange market due to a drop in dollar sales by market players. The naira lost 10.45 percent of its value, with the dollar quoted at N1,484.75, weaker than N1,329.65 quoted on Wednesday

May 31, 2024

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

Business·Markets·News

Naira Depreciates To 1,530/$1 At Parallel Market As Shortage of Dollar Continues

The Nigerian currency, the naira, continues its downward spiral, hitting a new low of 1,530 against the dollar on the black market. This marks a significant drop compared to the previous rate of 1,515 recorded just a day earlier. Analysts attribute this

May 14, 2024

Business·Markets·News

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

The Naira took a slight dip on Wednesday, closing at N1,421/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks a 1.27 percent drop from the previous day’s rate of N1,403/$, as reported by FMDQ Securities. According to data, the dollar

May 9, 2024

Business·Markets·News

Naira Strengthens To 1,275/$ At parallel market, Senate Calls For Efforts To Sustain Stability

The Nigerian currency, Naira, has shown signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. This represents a 9.8% increase compared to N1,400/$1 on Friday. Currency traders attributed the fluctuations to trading uncertainty and

April 29, 2024

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Dollar and naira report

Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

Naira Depreciates To 1,530/$1 At Parallel Market As Shortage of Dollar Continues

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

Naira Strengthens To 1,275/$ At parallel market, Senate Calls For Efforts To Sustain Stability

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