Dollar

The Naira strengthened on Friday, closing the week at N1,600.78 to the dollar in the official market. Data from the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira appreciated…
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The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market…
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The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau de Change (BDC) operators at 1,450 naira to a dollar. The apex bank said the sum of $20,000 is to be sold to each BDC at the rate of…
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The Naira weakened against the dollar at the official foreign exchange market on Monday. According to Financial Market Infrastructure Group (FMDQ) data, the Naira closed at N1508.99 against the dollar from N1505.30 recorded last Friday.…
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The Nigerian naira depreciated further against the dollar as the foreign exchange market resumed trading. At the parallel market, the naira weakened to around N1505 against the dollar on Monday from 1490 last Friday. READ ALSO:…
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The naira further appreciated to N1,490 at the parallel section of the foreign exchange (FX) market on Friday. The current FX rate represents a 0.7 percent or N10 increase from the N1,500/$ traded on June 5. Bureaux de change (BDC)…
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The Naira on Friday recorded a loss at the official market, trading at N1,483.99 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market…
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Fitch Ratings, an international credit rating agency, has projected that the Nigerian currency, the naira, will end the year at 1,450 to the United States of American dollar. The Director, Sovereigns, at Fitch Ratings, Gaimin Nonyane,…
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Naira depreciated to N1,510 per dollar at the parallel section of the foreign exchange (FX) market on Monday. The current rate represents a drop of 1.34 percent from the N1,490/$ traded on May 31. Speaking to reporters in Lagos,…
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The Naira gained N3.31 at the official market on Tuesday, trading at N1,465.68 to the dollar. Data from the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed a 0.22 percent appreciation for…
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