Browsing Tag

Depreciation

Naira depreciates to N1, 534/$ at official market

Marvellous Gbadegesin Feb 13, 2024

The Nigerian currency, Naira, on Monday, fell to N1,534/$1, a record low at the country’s official foreign exchange (FX) window Nigerian Autonomous Foreign Exchange Market (NAFEM). The FMDQ Exchange, a platform that oversees FX trading…
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Naira depreciates to N1,370/$ at parallel market

Biola Adebayo Jan 20, 2024

The naira on Friday depreciated to N1,370 per dollar in the parallel market from N1,300 per dollar on Thursday. Also, the naira depreciated to N902.45 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed…
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