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Update on dollar naira rate

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

Nigerian Naira Falls To N854.61/$1 Amidst Forex Turnover Dip Of 21.45%

In a day of fluctuating fortunes for Nigeria’s currency, the Nigerian naira depreciated against the dollar, closing at N854.61/$1 at the official market on Wednesday, marking a 1.5% drop. Forex turnover also saw a decline of 21.45% to $181.30 million compared to

December 20, 2023

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency·News

Naira Drops By 11.39% To Hit N927/$1 In NAFEM, N1165/$1 In Parallel Market

The Nigerian Naira plunged to an unprecedented low on Friday, closing at N927.19/$1 in the official market and hitting N1165/$1 in the parallel market. Financial analysts expressed growing concerns as the domestic currency witnessed an 11.39% depreciation within a day, marking a loss

December 1, 2023

Business·Currency·News

Naira Gains To N1120/$1 As Nigerian Govt Aims To Boost Dollar Supply

The Naira experienced a gain of 1.75 percent against the dollar on the parallel market, reaching N1120/$1 on Thursday. This upward movement is attributed to growing optimism surrounding the government’s plans to enhance dollar liquidity and digitalize FX transactions. The government’s initiatives aim

November 9, 2023

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

Business·Currency·News·World News

Naira Falls To N809/$1 In Official Market, Appreciates 16.8% In Black Market

The Nigerian naira experienced a depreciation, closing at N809.02 per US dollar at the official market on Monday, the 6 of November 2023. This marked a 4.06% increase from the N776.14/$1 rate recorded just three days earlier, on Friday, 3rd November. The

November 6, 2023

Business·Currency·News

Dollar Surges, Naira Drops To N965/$1 In Black Market

In a surprising turn of events, foreign exchange authorized dealers operating in the investors’ and exporters’ (I&E) window exhibited a slight uptick in the exchange rate of the US dollar to N776.60/$1 on Tuesday, representing a marginal increase from the previous day’s

September 20, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

The FMDQ Exchange disclosed that the official exchange rate between the naira and the dollar rose on Thursday, 19 January 2023, as the local currency closed weak. According to data published by the exchange rate tracker, the dollar exchanged for the naira

January 20, 2023

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Update on dollar naira rate

Nigerian Naira Falls To N854.61/$1 Amidst Forex Turnover Dip Of 21.45%

Naira Drops By 11.39% To Hit N927/$1 In NAFEM, N1165/$1 In Parallel Market

Naira Gains To N1120/$1 As Nigerian Govt Aims To Boost Dollar Supply

Naira Falls To N809/$1 In Official Market, Appreciates 16.8% In Black Market

Dollar Surges, Naira Drops To N965/$1 In Black Market

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

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