Money

A trader changes dollars with naira at a currency exchange store in Lagos

Naira gains against USD, closes at ₦358 at parallel market

The Naira on Friday gained ₦1 to close at ₦358 to the dollar at the parallel market in Lagos. The News Agency of Nigeria (NAN) reports that the naira traded stronger on the eve of elections than Thursday when it closed at ₦359 to a dollar. The Pound Sterling was sold at ₦470 and the […]

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U.S. Dollar held with Nigerian Naira

Naira stands firm in the midst of election odds, says ABCON

The naira has in over 18 months remained stable at both the official and parallel markets despite several odds facing it ahead of the 2019 general elections, President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji (Dr.) Aminu Gwadabe has said. Speaking to journalists in Lagos, the ABCON boss commended the Central Bank […]

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U.S. Dollar held with Nigerian Naira

Naira appreciates to ₦358 in parallel market

The Naira, yesterday, appreciated to ₦358 .5 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux de change Operators of Nigeria (ABCON), the parallel market exchange rate fell to ₦358 per dollar yesterday from ₦360 per dollar the previous week, indicating ₦2 appreciation for the […]

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U.S. Dollar held with Nigerian Naira

Naira down at ₦364.41 /$ in I&E window

The Naira, yesterday, depreciated to ₦364.41 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to ₦364.41 per dollar yesterday from ₦364 per dollar on Monday, translating to 41 kobo depreciation of the naira.

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Naira

Consumers positive on Naira appreciation, higher inflation, interest rates in 2019

In spite of the increasing risk to the naira exchange rate from declining crude oil prices, which dropped below $50 per barrel last week, consumers across the country expect the naira to appreciate in 2019. They, however, expect the inflation rate, interest rate and unemployment rate to rise in the New Year. Meanwhile, the Manufacturing […]

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Naira appreciates to ₦364.93 /$ in I&E window

The Naira, yesterday, appreciated to ₦364.93 per dollar in the Investors and Exporters (I&E) window due to a 58 percent rise in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦364.93 per dollar yesterday from ₦364.96 per dollar on Tuesday, translating to three kobo […]

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A trader changes dollars with naira at a currency exchange store in Lagos

Naira depreciates to ₦366 per USD in I&E window

The Naira, yesterday, appreciated to ₦364.96 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦364.96 per dollar yesterday from ₦365.23 per dollar on Monday, translating to 27 kobo appreciation of the naira. Similarly, the naira yesterday appreciated by 10 kobo […]

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Naira appreciates against USD across various market segments

The naira appreciated slightly against the United States dollars across various segments of the foreign exchange (forex) market yesterday on sustained supply of the greenback by the Central Bank of Nigeria (CBN). Specifically, on the Bureau De Change (BDC) segment, the local currency strengthened by 0.82 per cent to close at ₦361 to a dollar, […]

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U.S. Dollar held with Nigerian Naira

Naira sells at 363 per USD at parallel market

The Naira on Thursday exchanged at ₦363 to the dollar at the parallel market in Lagos, the News Agency of Nigeria, NAN, reports. At the Bureau De Change (BDC) window, the naira was sold at ₦360 to the dollar, while the Pound Sterling and the Euro closed at ₦470 and ₦415, respectively. Trading at the […]

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Naira stable at ₦364 in parallel market

The Naira, yesterday, was stable at N364 per dollar in the parallel market. Meanwhile, the naira yesterday appreciated by seven kobo in the Investors and Exporters (I&E) window due to a 189 percent increase in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to N364.15 […]

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Naira appreciates to ₦363.85 per USD in I & E window

The Naira, yesterday, appreciated to ₦363.85 in the Investors and Exporters, I&E, window despite a 41 percent decline in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to N363.85 per dollar yesterday from ₦364.7 per dollar last week Friday, translating to 85 kobo appreciation of […]

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Naira gains 50 kobo against USD at parallel market

The naira on Wednesday gained 50 kobo to exchange at ₦361 to the dollar at the parallel market in Lagos. The News Agency of Nigeria, NAN, reports that the naira had exchanged at ₦361.5 to the dollar on Tuesday. The Pound Sterling and the Euro closed at ₦475 and ₦412.5, respectively. At the investors’ window […]

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