Naira closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at 1,500/$ on the official market, indicating a 1.7 per cent m/m decline. According to the Afrinvest Monthly Market Report, the foreign reserve dipped by 3.2 per cent month-on-month. As of Thursday, it stood at $38.46bn. “This decline …

The Naira yesterday depreciated to N1,495 per dollar in the parallel market from N1,490 per dollar on Wednesday. Similarly, the Naira depreciated to N1,496 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the indicative exchange rate for the naira rose to N1,496 per dollar from N1,495 per dollar …

The Naira yesterday depreciated to N1,502 per dollar in the parallel market from N1,500 per dollar on Monday. The Naira appreciated to N1,501.5 per dollar in the Nigerian Foreign Exchange Market (NFEM) Data published by the Central Bank of Nigeria (CBN), showed that the indicative exchange rate for the naira fell to N1,501.5 per dollar from N1,504 per dollar on …

The Naira yesterday sustained its upward trend rising to its highest level in seven months in the parallel market, where it appreciated to N1,500 per dollar from N1,530 per dollar last weekend. The last time the Naira traded below N1,500 per dollar in the parallel market was Friday 21st June last year when it traded at N1495 per dollar. But …

The Naira yesterday appreciated to N1,550 per dollar in the parallel market from N1,565 per dollar on Tuesday. Similarly, the Naira appreciated N1,509.53 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by FMDQ showed that the indicative exchange rate for the Naira fell to N1,509.53 per dollar from N1,510.33 per dollar on Tuesday, indicating a 80 kobo …

Naira yesterday appreciated to N1,555 per dollar in the parallel market from N1,570 per dollar last week Friday. But the Naira depreciated to N1,512 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the indicative exchange rate for the Naira rose to N1,512 per dollar in NFEM from N1,511 …

The Naira yesterday appreciated to N1,565 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,515.06 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by FMDQ Exchange showed that the indicative exchange rate for the naira rose to N1,515.06 per dollar from N1,511.63 per dollar on Wednesday, showing N3.43 …

The Lagos zonal directorate of the Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned one Precious Uzondu, on a two-count charge bordering on alleged refusal to accept the Naira notes as a legal tender. According to a statement on the commission’s X account on Tuesday, Uzondu refused to accept Naira notes, Nigeria’s official currency, as a means of payment. …

The Naira yesterday appreciated to N1,493 per in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for the Nigerian Foreign Exchange Market (NFEM) fell to N1,493 per dollar from N1,506 per dollar on Wednesday, indicating N13 appreciation for the naira. The official exchange rate once reached the N1,400 per …

The Naira yesterday appreciated to N1,630 per dollar in the parallel market from N1,640 per dollar on Tuesday. Similarly, the Naira appreciated to N1,507 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1,507.3 per dollar from N1,520 per …