Official market

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

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

Fakoyejo Olalekan

12 months ago

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

Fakoyejo Olalekan

12 months ago

Forex: Naira Ends Week On Positives Note With N1,431/$ At Official Market

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

Fakoyejo Olalekan

12 months ago

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

Fakoyejo Olalekan

12 months ago

Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support

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

Fakoyejo Olalekan

12 months ago

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

Fakoyejo Olalekan

12 months ago

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

Fakoyejo Olalekan

12 months ago

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

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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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