Naira Sinks to All Time Low, Sells at N1,043.09 to the Dollar

Forex: Naira Depreciates Against the Dollar Twice This Week

The naira, Nigeria’s currency, depreciated against the US dollar on Wednesday at the foreign exchange market. Official data from FMDQ showed that the country’s currency depreciated to N840.53 against the dollar at the close of work on Wednesday compared to N830.97 the previous day. The figure represents a N9.56 depreciation compared to the exchange rate at the […]

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Naira Begins Steady Rise, Appreciates against the Dollar

The Naira has begun a steady rise against the dollar to the delight of many. The Nigerian currency appreciated marginally at the official foreign exchange market on Tuesday. According to FMDQ data at the close of the work day on Tuesday, the Naira appreciated by N177.68, exchanging at N815.32/$1. The gain comes barely 24 hours […]

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