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The Naira on Friday, rose to ₦1,640 per dollar in the unofficial market, up from ₦1,650 per dollar the day before. Similarly, the local currency saw an increase to ₦1,541.52 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. According to the FMDQ, the average exchange rate for NAFEM dropped to ₦1,541.52 per dollar […]
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The Nigerian currency, the Naira has appreciated slightly against the US dollar in the foreign exchange market on Wednesday. Data from FMDQ showed that the Naira recorded a gain as it traded at N1418.78 per USD in the official market on Wednesday from N1,433.89 on Tuesday. This represents a 1.05% or N15.11 gain compared to […]
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The Naira appreciated against the US Dollar in the official foreign exchange market on Wednesday, July 26, 2023. The market reacted positively to news from the Central Bank of Nigeria that it will continue its intervention in the forex market. Speaking with journalists at the end of the 2-day Monetary Policy Committee meeting on Tuesday, […]
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Former Senator who represented Kaduna Central, Shehu Sani, has given the reason for the recent appreciation of the naira against the dollar. The Nigerian currency rose to N730/1$ after falling to about 900/1$ a few days ago in the parallel market. Speaking on the development via a tweet on Friday, Sani explained that the Naira […]
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