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 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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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 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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An illegal foreign currency trader poses counting notes at a local bus station in the capital Harare

Dollar sales’ rises by 163 pct to BDCs – ABCON

The Association of Bureaux De Change Operators of Nigeria (ABCON) has revealed that the 163 per cent increase in dollar sales to bureaux de change (BDCs) which amounted to $3.1 billion in the first half of the year, helped in sustaining exchange rate stability and protected 25,000 jobs in the sub-sector. ABCON President, Alhaji Aminu […]

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Naira appreciates to ₦363.07/$ in I&E window

The Naira, yesterday, appreciated to ₦363.07 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded dropped by 62 percent. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦363.07 per dollar yesterday from N363.11 per dollar on Monday, indicating four kobo appreciation of […]

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U.S. Dollar held with Nigerian Naira

Naira appreciates to ₦358.5 per USD 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 dropped to ₦358.5 per dollar from N359 per dollar last week Friday, indicating 50 kobo appreciation of the naira. However, […]

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U.S. Dollar held with Nigerian Naira

Naira appreciates to ₦362.08 per USD in I&E window

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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Naira appreciates to ₦362.31/USD in I&E window

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 […]

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Naira appreciates to ₦362.33/USD in I&E window

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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