Naira depreciates further against dollar despite increased turnover …C0NTINUE READING HERE >>> Nigeria’s local currency, the Naira, recorded a slight depreciation on Friday, trading at ₦1,652.25 against the American U.S. dollar at the official market. This marks a loss of ₦2.05 or 0.12% compared to Thursday’s exchange rate of ₦1,650.20 per dollar, according to data … Read more
CBN sends strong warning to commercial banks over Naira hawking …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) says it will heavily penalise Deposit Money Banks (DMBs) found supporting the hawking of Naira notes. Mr Solaja Olayemi, Acting Director, Currency Operations Department, CBN, said this in a memo to DMBs on … Read more
“$1 would’ve been N10,000 if God had not intervened” …C0NTINUE READING HERE >>> Pastor E.A. Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), reveals that only God’s intervention prevented the Naira from plummeting further against the US dollar. Speaking at the Special Holy Ghost Congress in Abuja, Adeboye warned that, without divine … Read more
Naira slightly depreciates in parallel market …C0NTINUE READING HERE >>> The Naira experienced a slight depreciation Wednesday, slipping to N1,740 per dollar in the parallel market compared to its previous rate of N1,735 per dollar on Tuesday. According to data from FMDQ, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market (NAFEM) strengthened, … Read more
Official Market: Naira depreciates against Dollar …C0NTINUE READING HERE >>> The Naira depreciated at the official market on Monday, trading at N1,676.90 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost N10.18. This represents a 0.61 per … Read more
Naira appreciates against Dollar at official market …C0NTINUE READING HERE >>> The Naira on Friday appreciated at the official market, trading at N1,666.72 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira gained N8.77. This … Read more
Naira depreciates against dollar at N1,631 …C0NTINUE READING HERE >>> The Naira on Wednesday slightly depreciated at the official market, trading at N1,631.17 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira declined against the dollar by 72 kobo. This represents 0.04 per cent loss … Read more
Naira appreciates by 2.4% against dollar at official market …C0NTINUE READING HERE >>> On Tuesday, the Naira experienced an appreciation in the official market, trading at N1,630.45 to the dollar. This positive movement in the currency exchange rate reflects a potential stabilization in the foreign exchange market, which has been characterized by volatility in recent … Read more
Naira appreciates by 0.07% against dollar …C0NTINUE READING HERE >>> The Naira closed the week stronger on Friday at the official market, trading at N1,600 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N1.20. This represents a 0.07 per cent gain when compared … Read more
Critics mumble as Veekee James sprays dollar, husband rolls out naira at party …C0NTINUE READING HERE >>> Celebrity fashion designer, Veekee James Atere and her husband, Femi Atere, have come under scrutiny over differences in currency sprayed at a wedding ceremony. The couple attended the white wedding of Veekee’s colleague, Prudent Gabriel, and gospel singer … Read more
World Bank Says Naira Is Among Worst Performing Currencies in Africa …C0NTINUE READING HERE >>> According to the World Bank, Naira is among Africa’s worst-performing currencies. Newsone Nigeria reports that Nigeria’s official legal tender, the Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. This online news platform understands that … Read more
Naira looses N63.37 against dollar …C0NTINUE READING HERE >>> The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar. Data from the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N63.37. This represents a 4.05 per cent loss when compared … Read more
FG commences sales of crude oil in Naira to Dangote, others …C0NTINUE READING HERE >>> The Nigerian government has officially begun selling crude oil and refined petroleum products in naira to Dangote Refinery and other local refining companies. This initiative is part of President Tinubu‘s administration’s strategy to promote long-term economic growth and self-sufficiency. This … Read more
Naira depreciates by 8.24% against dollar …C0NTINUE READING HERE >>> The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N127.21. This … Read more
Naira slumps to N1,669.15 per USD at official market …C0NTINUE READING HERE >>> The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N127.21. … Read more
Naira Nosedives to N1,700/$ at parallel market, lowest level in 7 …C0NTINUE READING HERE >>> The naira nosedived to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading hours, the naira depreciated by 1.49 percent compared to the N1,675/$ traded on Thursday. The N1,700 … Read more