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Official market

Black Market Operators Buy Dollar At N738, Pound N920, As Official Market Rate Drops

The Dollar was offered to traders in the official market at the rate of N462.33/$1 by the close of business on Friday, 12 May. This is lower than the N462.73/$1 investors and exporters bought the United States Dollar last week Thursday, 11

May 15, 2023

Business·Currency

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

The official market ended foreign exchange (forex) trading on Wednesday, 10 May, at N463.02/$1, as the Dollar rate increased by N0.77 kobo. This contrasted with the N462.25 kobo/$1 foreign exchange rate FMDQ Exchange reported at the close of trading the previous day. FMDQ

May 11, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Investors, Exporters Buy Dollar At N462.25, USD Crunch Affect Forex Supply

Traders in the official market exchanged the Naira for Dollar at N462.25 kobo/$1 at the end of the session on Tuesday, 10 May. Although during trading, investors and exporters exchanged the United States currency at a high of N466/$1 and a low

May 10, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

The exchange rate between the Naira and the Dollar settled at ₦462.78/$1 on Monday, 8 May, in the official market, which is backed by the Central Bank of Nigeria (CBN). At the end of trading, the United States currency increased in value

May 9, 2023

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

Business·Currency

Naira To Dollar Rate Closes At N462.23, Foreign Exchange Supply Up By $19.86 million

The Naira and Dollar exchange rate settled at ₦462.23 kobo/$1 at the close of business in the official market on Friday, 5 May 2023. This represents a 0.14 per cent increase in the value of the Naira and ₦0.65 kobo drop in

May 8, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

Traders in the Investors’ and Exporters’ window of the official market transacted $71.68 million in foreign exchange on Friday, 28 April, as the Naira to Dollar exchange rate increased by 0.21 per cent. At the end of trading, data released by the

May 1, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Drops In Official Market, As NGX Bets On Tinubu’s Policies To Attract Foreign Investors

The price of the Dollar in the foreign exchange official market was ₦462.13 on Wednesday, 26 April 2023, data from FMDQ Exchange showed. It was learnt that the exchange rate between the Naira and the Dollar traded as high as ₦466/$1 and

April 27, 2023

Business

Naira Gains, Drop In Foreign Reserves To Fuel Dollar Rate

The Naira to Dollar rate in the official market dropped by 0.04 per cent on Tuesday, 25 April 2023, as traders reduced their asking price by N0.23 kobo. According to data obtained from FMDQ Exchange, the foreign exchange rate closed at ₦463.44/$1

April 26, 2023

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest - Expert

Business·Currency

Dollar Rate Hits N463.67, Tinubu Plans To Cut Exchange Rate To N200

The foreign exchange rate between the Naira and the Dollar was ₦463.67 kobo at the end of trading in the official market on Thursday, 20 April 2023. According to the FMDQ Exchange date obtained, the official market rate of both currencies is

April 21, 2023

Business·Currency

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

The official market’s foreign exchange rate closed at ₦462.50 kobo on Wednesday, 19 April 2023, as the Dollar loses ground to the Naira. Nigeria’s currency grew in value by 0.16 per cent at the end of trading, as traders dropped the price

April 20, 2023

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Official market

Black Market Operators Buy Dollar At N738, Pound N920, As Official Market Rate Drops

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

Investors, Exporters Buy Dollar At N462.25, USD Crunch Affect Forex Supply

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

Naira To Dollar Rate Closes At N462.23, Foreign Exchange Supply Up By $19.86 million

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

Dollar Rate Drops In Official Market, As NGX Bets On Tinubu’s Policies To Attract Foreign Investors

Naira Gains, Drop In Foreign Reserves To Fuel Dollar Rate

Dollar Rate Hits N463.67, Tinubu Plans To Cut Exchange Rate To N200

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

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