dollar exchange rate
The Naira experienced a significant depreciation in the financial markets, with the parallel market witnessing a drop to N1,250 per dollar from N1,140 per dollar on Thursday. Similarly, in the Nigerian Foreign Exchange Market (NAFEM), the Naira depreciated to N1,234.49 per dollar. Data from the Financial Markets Dealers’ Quotations (FMDQ) revealed that the indicative exchange […]
Vice President Kashim Shettima has voiced optimism regarding the ongoing appreciation of the nation’s currency, the naira, against the dollar, citing recent improvements in its exchange rate. As of now, the naira trades at approximately N1,200 to a dollar in the parallel market, marking a positive shift after months of decline against major currencies. Shettima, […]
The Nigerian Naira has experienced significant strengthening in recent days, reaching N1,312.51 per dollar in mid-day trading on Friday, according to data from the London Stock Exchange Group (LSEG). This positive movement follows the Central Bank of Nigeria’s (CBN) disbursement of $1.5 billion to settle outstanding obligations owed to commercial bank customers. Since facing a […]
The Nigerian naira has reached an unprecedented low against the Great Britain Pound (GBP), plummeting to N2040/£1 in the parallel market. This drastic depreciation, amounting to a 5.39% decrease, shows the mounting economic challenges facing Nigeria. The black-market exchange rates continue to witness the devaluation of the naira, increased by soaring inflation rates reported by […]
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