Tag: naira depreciation

The naira has continued to depreciate against the dollar at the official foreign exchange market on Monday, January 13. According to new data from FMDQ, the naira weakened to N1,548.89 against the dollar on Monday from N1,543.03, indicating a N5.86 fall compared to N1,543.03 traded at the close of last Friday. Similarly, on the black […]

The naira experienced a sharp decline against the dollar in just one day at the foreign exchange market, ending the week on a noticable low as the #EndBadGovernance Protest entered its 3rd day. FMDQ data showed that the naira depreciated to N1, 617.08 per dollar on Friday from N1, 570.00 exchange on Thursday, losing N47.08. […]

The Naira has continued to depreciate against the dollar at the parallel market. The naira exchanged N1,575 per dollar from N1,565 per dollar on Tuesday at the parallel market. However, the Naira depreciated to N1,586.71 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for […]

News from the unofficial currency market shows that the Naira’s value in the parallel market fell to N1,535 per dollar from N1,520 per dollar on Wednesday. Similarly, the Naira depreciated to N1,520.24 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to […]

The Depreciation against the dollar at the official foreign exchange market, according to a report by DailyPost. This follows a drop to an all-time low in dollar transaction at the official market. The green back shrank to $84.38 million, according to FMDQ data at the close of work on Thursday. The day-to-day FX supply turnover […]

The naira has continued its downward trend against the US dollar for the 5th time within weeks of an upward appreciation. The development comes in spite of the Central Bank of Nigeria’s sale of foreign currencies to legitimate Bureau De Change operators. FMDQ data showed that the naira dropped to N1,300.15 per dollar on Tuesday […]

There was a noticeable depreciation of the Naira against the US Dollar on Monday, as rates hit ₦1,260 per dollar in the parallel foreign exchange (FX) market. This translates to a 2.44% decrease from the previous rate of ₦1,230 per dollar recorded on April 19. In the parallel market, currency traders, commonly known as bureau […]