The naira showed mixed performance on Tuesday, appreciating in the parallel market while slipping slightly at the official Nigerian Foreign Exchange Market (NFEM). In street […]
Tag: Naira
Naira down to N1,465/$ in parallel market
The naira weakened in the parallel market on Monday, sliding to ₦1,465 per dollar compared to ₦1,456 last Friday. But in the official Nigerian Foreign […]
NOA Raises Alarm Over N190bn Unclaimed Dividends, Urges Nigerians to Reclaim Funds
The National Orientation Agency (NOA) has called on Nigerians to take steps to recover unclaimed dividends linked to their names and companies, warning that unclaimed […]
Naira Strengthens, Trading at N1,540.78 to the Dollar in Official Market
The Naira appreciated on Friday, trading at N1,540.78 to the dollar at the official market, gaining N35.32 from the previous rate. This marks a 2.24% […]
Naira Weakens to N1,640 as Dollar Supply Dwindles
The Naira yesterday depreciated to N1,640 per dollar in the parallel market, dropping from N1,650 per dollar recorded on Thursday. This decline extended to the […]
AGAIN, THE CBN UNDER IMF JACK BOOTS: DEVALUE THE NAIRA, RAISE INTEREST RATES
A devaluation is the downward adjustment of the value of a country’s money relative to another official exchange rate. It reduces the cost of a […]
Naira Depreciates to N1,600 per Dollar in Parallel Market as Trading Volume Surges
The Naira experienced a depreciation in the parallel market on Tuesday, falling to N1,600 per dollar from N1,590 per dollar over the weekend. This decline […]
Naira Strengthens by 9.68% at Official Window
On Monday, the naira appreciated to 1,339.33/$, gaining 9.68% over Friday’s rate of 1,482.81/$. FMDQ data revealed a significant decline in daily turnover, dropping to […]
Naira Appreciates Against Dollar at Official Market
On Wednesday, the Nigerian Naira experienced an appreciation at the official market, trading at N1,459.02 to the dollar. This marks a significant gain of N61.38, […]
Naira Depreciates at Official Market, Records Increased Daily Turnover
The Nigerian Naira experienced a depreciation in value at the official market on Tuesday, trading at N1,416.57 to the dollar. Data from the FMDQ Exchange, […]