Naira dollar exchange rate – Page 15 of 19

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

Naira Trades Above N1,500/$1 Amid CBN’s Forex Market Reforms

The Nigerian naira surged to an intra-day high of N1,582 against the US dollar on Wednesday, marking a notable milestone in the currency’s performance. However, this achievement was juxtaposed with a sharp decline in forex turnover, plummeting by 56.58% to $117.87 million,

February 15, 2024

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

Business

Naira Gains Marginally At Official Market, Depreciates To N1,500/$1 At Black Market Amid Fluctuations

In a turn of events, the Nigerian naira saw a marginal gain against the United States dollar on Tuesday, appreciating to N1,499/$ from its recent all-time low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This uptick represents a 2.3%

February 14, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Nigerian naira plummeted to a historic low of N1,534 against the dollar on Monday, marking a downturn from its previous closing rate.

February 13, 2024

Opinion

Price Control, Wigwe University And Dollar School Fees

The judgment of the Federal High Court in Lagos last week ordering the government to fix prices of some goods and services in seven days has triggered speculations that the government might be considering a reintroduction of price control

February 10, 2024

Business·Currency

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

The Naira value slightly dropped in the official window despite surge in foreign exchange transactions, soaring to $584 million as data from the Nigerian Autonomous Foreign Exchange Market (FMDQ) revealed. This surge in FX transactions marks an increase from the previously recorded

February 7, 2024

Business·Currency

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

The official foreign exchange market witnessed a staggering 180.59% increase in dollar supply, soaring to $440.13 million on Friday. The naira’s closing rate at N1435.53/$ marked the end of a tumultuous week, with forex turnover spiking from $156.86 million on Thursday, according

February 5, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·News

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30 billion deposits in domiciliary accounts in the country to naira. A report in one of the media outlets on Saturday quoted a source as saying that the government plans to

February 3, 2024

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Economic analysts have expressed optimism that the latest policy measures issued by the Central Bank of Nigeria will have a positive impact on the foreign exchange market and the economy in general.

February 1, 2024

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

Business·Currency·News

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

In a turn of events, the exchange rate between the Nigerian naira and the US dollar has reached an unprecedented low, trading at around N1450/$1 on the black market, marking a 37.6% depreciation in just one month. The volatility persists despite the

February 1, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·Currency

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

The Central Bank of Nigeria (CBN) has placed restrictions on the amount of foreign exchange that banks may retain to prevent losses. This is as the country’s economy continues to witness depreciation of the local currency, the naira.

January 31, 2024

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Naira dollar exchange rate - Page 15

Naira Trades Above N1,500/$1 Amid CBN’s Forex Market Reforms

Naira Gains Marginally At Official Market, Depreciates To N1,500/$1 At Black Market Amid Fluctuations

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Price Control, Wigwe University And Dollar School Fees

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

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