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Tag Archives: dollar

Naira Depreciates To N361 As NAFEX Records $146m

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The naira yesterday depreciated to N361 per dollar in the Investors and Exporters (I&E) window as the volume of dollars traded rose to $146.09 million. Data from Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the ...

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Naira Slides To 405/$ Amid Tight Dollar Supply

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The naira slid to 405 against the United States dollar on the parallel market on Friday amid tight supply of the greenback. This was despite a series of currency forwards sold by the Central Bank of Nigeria this week aimed ...

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Naira Appreciates To N435/$, As CBN Injects $180m

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The improving fortunes of the naira in the parallel market continued, Monday, as it appreciated to N435 per dollar due to declining demand for dollars. Vanguard investigation revealed that the parallel market exchange rate, which declined to N445 per dollar ...

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Naira Stabilises At N485 To A Dollar

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The Naira on Friday remained stable at the parallel market, exchanging at N485 to a dollar. The Pound Sterling and the Euro closed at N602 and N515, respectively. At the interbank market, the Naira also remained stable at N305.50 to ...

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Naira Hits All Time Low At 334.50/Dollar

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The Naira fell against the dollar at the interbank foreign exchange market to an all-time low of 334.50 on Wednesday, a day after the Central Bank of Nigeria’s Monetary Policy Committee hiked interest rates to lure foreign investors back into ...

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Naira Now 300/Dollar As Forex Supply Slows

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The naira rose further on Wednesday against the United States dollar at the parallel market to 300 from 310 on Tuesday. The local currency, which closed at 391 against the greenback last Thursday, had risen to 375 and 310 on ...

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Naira Exchange Rate As At Today February 22

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On the night of Friday, February 19, the hearts of Nigerians were in their mouths as it was announced that the Naira had fallen even lower and was now exchanging for N390 to $1. The exchange rate as at this ...

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Naira Drops To 241 Against The Dollar

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The naira hit another record low of 241 against the dollar at the parallel market on Monday as the Central Bank of Nigeria’s restrictions on foreign exchange sale fuelled unofficial trade in dollars, Reuters reported. The ban on importers from ...

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