Dollar and Naira exchange rate – Page 2 of 3

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

The Nigerian naira hit a new low against the US dollar on Monday, sparking concern among citizens as the currency continued its downward spiral in both official and parallel foreign exchange markets.

Emmanuel Ochayi

10 months ago

What Naira's Continuous Depreciation Means For Nigerians This Festive Season

Business·Latest News·Markets

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

In a turn of events, the Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a significant 56% decline in transaction value, plummeting from $465.29 million on Tuesday to $203.93 million on Wednesday, as

Emmanuel Ochayi

11 months ago

Gold Near Record Highs Amidst Inflation Concerns

Business·Currency

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

As global tensions escalate with conflicts in the Middle East and geopolitical events unfold, Gold prices surge beyond $2,030, reflecting heightened demand for safe-haven assets.

Emmanuel Ochayi

11 months ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency·Latest News

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

In a twist of currency dynamics, the naira faces a tale of two markets as its value fluctuates to N1,230/$1 and N1,245/$1, driven by unofficial P2P and physical black markets despite Nigeria’s apex

Emmanuel Ochayi

12 months ago

Naira Depreciates To N1,542 Per Dollar At Official Market

Business·Currency

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

In a positive turn for the Nigerian economy, the Naira saw a surge against the dollar at both the official and parallel forex markets on Monday. The official exchange rate closed at

Emmanuel Ochayi

12 months ago

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Business·Currency·Latest News

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

On a day marked by a marginal gain for the Naira against the dollar, the local currency appreciated to close at N901.41 to a dollar at the official market, while holding steady

Emmanuel Ochayi

1 year ago

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·Latest News

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

In a dramatic plunge, the Nigerian Naira plummeted to a historic low of N951/$1, marking a 15.19% depreciation in the official market. Wednesday’s trading saw fluctuations, with an intraday high of N1159.10/$1

Emmanuel Ochayi

1 year ago

Business·Currency

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

The naira has experienced a 5.4% decline affecting both the official and black markets. The official rate on the NAFEM closed at N808/$1, while the parallel market saw N1170/$1. This downturn marks

Emmanuel Ochayi

1 year ago

Business

Naira Falls to N1045/$ Amid Federal Reserve’s Cautious Stance

As the Federal Reserve maintains a cautious stance amidst uncertainties, the naira faces a significant decline in the parallel market. The continuous mismatch between demand and supply has pushed the naira to

Emmanuel Ochayi

1 year ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

The volume of foreign exchange (forex) traded on Tuesday, 17 January 2023, fell by 72 per cent in the Investors and Exporters (I&E) window of the official market. According to data obtained

Fakoyejo Olalekan

2 years ago

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Dollar and Naira exchange rate - Page 2

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

Naira Falls to N1045/$ Amid Federal Reserve’s Cautious Stance

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

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