The Naira, on Friday, appreciated to N1,150 per US dollar at the parallel section of the foreign exchange market. Bureau de Change (BDCs) operators, quoted the buying rate of the greenback at N1,110 and the selling price at N1,150 — leaving a profit margin of N40. The Naira appreciated by 0.86 percent from the N1,160 recorded on 11th April. “The …

Popular search engine platform, Google has listed the Naira/US dollar rate as ₦1,247 to $1. This is the first time the platform has listed the Naira/Dollar rate below 1,250 in 2024. One of the reactions to this has come from social commentator, Reno Omokri, who took to his X account to announce the development. He wrote: “Happening Right Now: Google lists Dollar …

This has nothing to do with the slugfest in Côte d’Ivoire, where Nigeria’s Super Eagles seem airborne. With the exploits of gangling Victor Osimhen and the dribbling wizardry of diminutive Moses Simon, we can only hope that the sing-song endures. The team that started like a stutter seems to be hitting its stride like an elocution. Football duels tempt miracles …

The Naira is now trading above N1,300 to a United States dollars on the Peer-to-Peer cryptocurrency window on Tuesday. As it is with many traders, the Nigerian currency is quoted aboveN1,300/$ on the Binance platform. Some Bureau de Change (BDC) 0perators told The PUNCH that the quoted value is reflective of market realities. An Abuja Bureau de Change seller at …

The Naira fell from N840.53/$ to N956/$ on Thursday on the official Investor and Exporter foreign exchange window. This is as dollar supply declined by 46.77 per cent. The crash in the exchange rate is 13.78 over Wednesday’s trading, according to data from the FMDQ Securities Exchange. Also, the turnover of dollars traded in the market fell to $105.50 million …

The Naira is currently trading at N890 to US dollar as against N950 last week, at the parallel section of the foreign exchange market. This represents an appreciation of N60 or 6.3 per cent. Bureaux De Change operators said on Wednesday that the Naira has been steadily gaining against the US currency at the street market. They put the buying …

The Central Bank of Nigeria (CBN) has now announced the unification of all segments of the forex exchange (FX) market. In a circular on Wednesday, the apex bank said all FX windows are now collapsed into the Investors & Exporters (I&E) window. The CBN said the move is part of a series of immediate changes to operations in the Nigerian …

Few hours after Asiwaju Bola Ahmed Tinubu assumed office as Nigeria’s new President, the Naira appreciated against the United States dollar on exchanging for N464.50 at the Investors’ and Exporters’ window, compared with the N464.51 to the dollar at the close of business on May 26. The open indicative rate closed at N464.10 to the US dollar on Tuesday. An …