Naira

The naira exhibited minimal fluctuations on Thursday, January 2, 2025, during the year's first trading session, reflecting a steady performance across key market metrics. At the official market, also known as the Nigerian Foreign Exchange…

The Naira on Monday dropped by 0.25 per cent to N1,508.99 against the dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) after the local currency reached a high and low of N1,536.00 and N1,441.00 against the dollar,…

The Naira on Friday appreciated to N1,470 per dollar in the parallel market from  N1,495 per dollar on Thursday. However, the Naira depreciated to N1,483.99 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data…

The Naira on Tuesday further recorded loss at the official market, trading at N1,476.95 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the Naira lost 83 kobo. This represents a 0.06 per cent…

As the Central Bank of Nigeria (CBN) continued to mop up excess liquidity in the financial system, banks in May 2024 borrowed an estimated N10.86 trillion from the apex bank to meet their daily business obligations. Banks access lending…

The naira traded near its strongest level in over a month as Nigeria’s central bank stepped into the foreign exchange market to sell dollars. The naira rose 9.7% on Monday to trade at 1,339.33 per dollar, closing at the firmest since…

The decline in the value of the Naira persisted on Monday, with further depreciation in the parallel market to N1,515 to a dollar. This represents a 2.97 percent (N45/$1) depreciation when compared to the exchange rate of N1,470 on…

To maintain its free fall, the naira on Monday depreciated by 5.6 per cent to N1,419.11 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM). The local currency, according to the FMDQ Exchange, reached high and…

The Naira has depreciated to N1,140 per dollar in the parallel market, from N1,060 per dollar on Thursday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,169.99 per dollar. Data from FMDQ showed…

The Naira on Thursday appreciated by 0.62 percent in the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at a rate of N1,255.07 against the dollar. The local currency at the FMDQ Exchange recorded a high and low,…