Foreign exchange rate

Naira’s Winning-streak Continues As Value Rises To N1,382/$1 At Official Market

Naira Appreciates Further To ₦1,453 At Official Market

Naira continued its appreciation in the foreign exchange market closing trading at ₦1,453.28/$1 at the official market on Thursday, 21 March 2024. This means it recorded ₦39, reflecting 2.6 per cent gain

Victor Ezeja

1 month ago

Naira Depreciates By 0.78% In Official Market, Rises To ₦1,570 In Black Market

Business·Latest News

Naira Slumps To N861.91/$1 In Official Market, As Expert Seeks Robust Economic Reforms

Nigerian Naira witnessed a 0.85% decline, closing at N861.91/$1 at the official market on Thursday, revealing an ongoing economic challenge.

Emmanuel Ochayi

4 months ago

Business

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

Wale Edun, one of the ministerial nominees of President Bola Tinubu, has disclosed that corruption and inefficiencies are behind the dollar trading as high as N860/$1. The special adviser on monetary policies

Fakoyejo Olalekan

9 months ago

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Ambition

Business·Insights

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

The Central Bank of Nigeria (CBN) has reported that Nigeria’s foreign reserves dropped to $33.98 billion on Wednesday, 19 July. This is the lowest level since August 2021 when the external reserves climbed

Fakoyejo Olalekan

9 months ago

Business·Currency

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

The official market dollar rate on Tuesday was N742.93 kobo/$1 by the end of the session, which is below the N795.28 kobo posted on Monday. This means authorised dealers in the Investors’

Fakoyejo Olalekan

9 months ago

Business

Foreign Airlines To Start Selling International Tickets At N803.90/$1

The International Air Transport Association (IATA) has informed travel agencies that foreign airline tickets will be sold at a new rate of N803.90/$1. IATA adjusted the exchange rate for international airlines from

Fakoyejo Olalekan

10 months ago

The naira's value against the dollar took a hit at the start of the week, with exchange rates opening at N1,200/$1 on peer-to-peer (P2P) platforms

Business·Currency

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

In the investors’ and exporters’ window of the official market, the United States Dollar (USD) was sold at N762.63/$1 on Thursday, 6 July. The FMDQ Exchange, the official foreign exchange rate aggregator,

Fakoyejo Olalekan

10 months ago

Tinubu Set To Attend COP 28 Summit In Dubai

Politics

Why I Chose To Unify Exchange Rate, Refused To Partake In Arbitrage – Tinubu

President Bola Ahmed Tinubu Thursday in Lagos said he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead opted to unify the official and

Victor Ezeja

10 months ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

CBN Devalues Naira, Orders Banks To Sell Dollar, Others At Market Determined Rates

The Central Bank of Nigeria (CBN) has reportedly directed Deposit Money Banks (DMBs) to sell dollars, euros and pounds at market-determined rates. According to a report by Nairametrics, the CBN has decided

Fakoyejo Olalekan

11 months ago

Business·Currency

Dollar, Pound, Euro Rates Fall 3 Days Straight In Black Market

The dollar rate in the Bureau De Change of the black market fell by N15.4 kobo on Thursday morning, as foreign exchange traders transacted the United States currency at a rate of

Fakoyejo Olalekan

11 months ago

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Naira Appreciates Further To ₦1,453 At Official Market

Naira Slumps To N861.91/$1 In Official Market, As Expert Seeks Robust Economic Reforms

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

Foreign Airlines To Start Selling International Tickets At N803.90/$1

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

Why I Chose To Unify Exchange Rate, Refused To Partake In Arbitrage – Tinubu

CBN Devalues Naira, Orders Banks To Sell Dollar, Others At Market Determined Rates

Dollar, Pound, Euro Rates Fall 3 Days Straight In Black Market

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