The naira closed on Christmas Eve at an all-time low of N1,537 per dollar, marking a slight improvement from the previous day’s N1,538/$1. This new low surpasses the naira’s previous worst performance of N885.88/$1 recorded on 22 December 2023, signaling a significant deterioration in the currency’s value. Over the past year, the naira has weakened by an eye-watering 42 per …

The Naira yesterday appreciated to N1,660 per dollar in the parallel market from N1,662 per dollar last weekend. The Naira depreciated to N1,550 per dollar in the official foreign exchange market. Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria (CBN), showed that the indicative exchange rate for the naira rose to N1,550 …

The Naira today depreciated to N1,585 per dollar in the parallel market from N1,550 per dollar on Monday. However, the Naira appreciated to N1,525 per dollar in the official foreign exchange market. Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria (CBN), showed that the indicative exchange rate for the naira fell to …

The Naira today appreciated to N1,550 per dollar in the parallel market from N1,555 per dollar last weekend. The Naira depreciated marginally to N1,538 per dollar in the official foreign exchange market after recording steady appreciation last week. Data from the Daily Nigerian Foreign Exchange Market (NAFEM) published by the Central Bank of Nigeria (CBN), showed that the indicative exchange …

The Naira yesterday appreciated to N1,695 per dollar in the parallel market from N1,725 per dollar on Tuesday. The Naira remained stable at N1,672.69 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for the naira has maintained stability since Monday following the commencement of live foreign exchange trade on …

The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,730 per dollar on Monday. The Naira was stable at N1,672.69 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for the naira has maintained stability since Monday. The volume of dollars traded (turnover) decreased by 18.2 …

The Naira yesterday appreciated to N1,740 per dollar in the parallel market from N1,745 per dollar on Wednesday. Likewise, the Naira appreciated to N1,644.86 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,644.86 per dollar from N1,660.83 per dollar on Wednesday, indicating N15.97 appreciation for …

The Naira yesterday appreciated to N1,745 per dollar in the parallel market from N1,755 per dollar on Tuesday. The Naira depreciated to N1,660.83 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,660.83 per dollar from N1,659.44 per dollar on Tuesday, indicating N1.39 depreciation for the …

The Naira today depreciated to N1,750 per dollar in the parallel market from N1,745 per dollar on Thursday. But the Naira appreciated to N1,652.62 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,652.62 per dollar from N1,658.67 per dollar on Thursday, indicating N6.05 appreciation for …

The Naira yesterday appreciated to N1,730 per dollar in the parallel market from N1,735 per dollar on Monday. Similarly, the Naira appreciated to N1,678.93 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,678.93 per dollar from N1,690.37 per dollar on Monday, indicating N11.44 appreciation for …