The depreciation of the naira in the parallel market and the Investors and Exporters (I&E) window last week is expected to persist this week, even as the nation’s external reserves maintained its downward trend falling by $955 million in the first ten days of October. Last week the naira depreciated by ₦1 in the parallel […]
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The naira remained stable against the dollar at the parallel market in Lagos on Friday, still exchanging at ₦360 to the dollar. The naira was, however, traded against Pound Sterling and the Euro at ₦478 and ₦417, respectively. At the Bureau De Change (BDC), the naira was sold at ₦360 to the dollar, while its […]
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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 dropped to ₦358.5 per dollar from N359 per dollar last week Friday, indicating 50 kobo appreciation of the naira. However, […]
Read More The Naira on Tuesday gained one kobo to exchange at ₦359 to the dollar, stronger than N360 posted on Monday. The Nigerian currency also traded at ₦479 and ₦410 against the Pound Sterling and the Euro at the parallel market. At the Bureau De Change (BDC) window, the naira was sold at ₦360 to the […]
Read More The Naira, yesterday, appreciated to ₦362.08 in the Investors and Exporters (I&E) window despite the 49 percent decline in volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦362.08 per dollar yesterday from ₦362.30 per dollar on Tuesday, indicating 22 kobo appreciation of the naira. The […]
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The Naira, yesterday, appreciated to ₦362.31 in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window dropped marginally to N362.31 per dollar yesterday from ₦362.33 per dollar on Wednesday, indicating 2 kobo appreciation of the naira. However, the volume of dollar traded in the window yesterday […]
Read More The Naira, yesterday, appreciated to ₦362.33 in the Investors and Exporters (I&E) window in spite of 52 percent decline in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped marginally to N362.33 per dollar yesterday from ₦362.40 per dollar on Tuesday, indicating 7 kobo appreciation of […]
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The Central Bank of Nigeria, CBN, yesterday, warned traders in the country against rough-handling naira notes, saying “the law guiding the notes is still subsisting and violation of the laws would attract jail terms.” The Assistant Director, Currency Operation Department of the CBN, Benedict Maduagwu gave the warning, in Akure, during a sensitisation programme for […]
Read More The Naira, yesterday, depreciated by 62 kobo to ₦362.40 in the Investors and Exporters (I&E) window as the volume of dollar traded increased by $90.01 million (89 percent). Data from FMDQ showed that the indicative exchange rate for the window rose to ₦362.40 per dollar yesterday from ₦361.78 per dollar on Monday, indicating 62 kobo […]
Read More The Naira, yesterday, depreciated by 70 kobo to₦358.7 per dollar in the parallel market even as the Central Bank of Nigeria (CBN) injected $210 million into the inter-bank forex market. The apex bank offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got the […]
Read More The Naira on Wednesday appreciated marginally against the dollar at the parallel market in Lagos, exchanging at ₦358.50 to the dollar. Newsmen report that the Nigerian currency was 10 kobo stronger than ₦358.60 to the dollar traded on Tuesday, while the Pound Sterling and the Euro closed at ₦478 and ₦417.5, respectively. At the Bureau […]
Read More The Naira, yesterday, appreciated slightly by nine kobo to ₦361.91 per dollar in the Investors and Exporters (I&E) window due to 30 percent increase in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦361.91 per dollar yesterday from ₦362 per dollar on Monday, indicating […]
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