The official market closed Thursday’s foreign exchange trading with N738/$1 rate, as the authorised dealers of the Central Bank of Nigeria (CBN) reduced their asking price...
The value of the United States Dollar (USD) fell to a low of N475/$1 on Wednesday in the investors’ and exporters’ window of the official market,...
Foreign exchange authorised dealers in the investors’ and exporters’ (I&E) window slightly raised the rate of the dollar to N776.60/$1 on Tuesday, from N773.98/$1 rate reported...
The United States Dollar (USD) recovered on Monday to close high at N773.98/$1 in the investors’ and exporters’ window of the official market, against Friday’s N756.91/$1...
The dollar rate in the investors’ and exporters’ window of the official market closed down on Friday, as the value of the naira increased by 2.96...
The closing rate of the United States Dollar was N780/$1 on Thursday, as the naira depreciated in value by 2.88 per cent in the Investors’ and...
The official market closed with the naira to dollar exchange rate settling at N742.10/$1 on Tuesday, according to the foreign exchange data released by the FMDQ...
The exchange rate between the naira and the United States Dollar (USD) closed at N736.62/$1 on Friday in the Investors’ and Exporters’ window, indicating stability in...
The naira depreciated by 3.32 per cent on Thursday, as the United States Dollar (USD) closed at N762.71/$1 in the Investors’ and Exporters’ window of the...
The exchange rate between the naira and the United States Dollar (USD) closed at N738.18/$1 in the Investors’ and Exporters’ window on Wednesday, Ripples Nigeria learnt....
The dollar rate extended its upward swing on Wednesday, after closing at N773.42/$1 in the Investors’ and Exporters (I&E) window of the official market, according to...
The United States Dollar (USD) traded at N739.52/$1 at the close of official trading on Friday, with foreign exchange traders maintaining the value of forex transacted...
While the official market was on break on Monday due to the public holiday to celebrate Nigeria’s Democracy Day, the black market recorded a meltdown in...
On Thursday, the official market Dollar rate was N463.67 kobo/$1, indicating the Naira shed some value to the American greenback. Ripples Nigeria noted the Dollar increased...
At the end of trading in the official foreign exchange (forex) on Wednesday, the Naira was swapped for the Dollar at N465.13 kobo/$1. Traders saw the...
Investors and exporters in the official market saw the cost of the Dollar close at N462.33/$1 on Friday, against the N462.73/$1 they exchanged for the Naira...
It cost investors and exporters N462.73 kobo to buy $1 at the close of trading in the official market on Thursday, as the Naira depreciated by...
For two straight days, the value of the Naira against the American Dollar has strengthened in the Investors and Exporters (I&E), and the parallel market sides...
The Nigerian Naira suffered a sharp reversal in fortunes on Wednesday, falling at both the official and black-market exchanges after Wednesday’s gain. At the official exchange...
The Nigerian Naira has appreciated against the US dollar at both the official and black market, following the resumption of trading after the Easter holiday. At...
Nigerian currency recorded a mixed trading day on Tuesday against the US Dollar and other currencies in the official and unofficial foreign exchange market. At the...
To stabilise the exchange rate in the official market, over $15.3 billion was disbursed into the economy by the Central Bank of Nigeria (CBN) in 2022....
It was a mixed trading day for the Naira against the US dollar across the foreign exchange markets in Nigeria. The Naira depreciated at the Peer-2-Peer...
The exchange rate between the dollar and naira fell by -3.9 per cent on Friday in the black market, with the Nigerian currency gaining against the...
The dollar sold for N850 in the black market on Thursday. A Bureau De Change operator in the Ogba, area of Lagos State told Ripples Nigeria...
The Naira and dollar exchange rate dropped by N100 in the black market on Wednesday, indicating that the Nigerian currency was appreciating in value against the...
Bureau De Change operators continue to sell the United States dollar at a premium price in the black market, maintaining its over N300 difference when compared...
The Naira appreciated slightly against the dollar at Monday’s Investors and Exporters window as it exchanged at N440.67. This is compared with N441.17 to the dollar...
For the second day running, the Nigerian currency, the Naira, depreciated against the US dollars at the Investors and Exporters window, the official exchange market. Data...
The naira maintained stability against the U.S dollar at the official market, but dropped in value at the black market on Thursday. Data posted on the...
Nigerian currency suffered another heavy loss on Monday at the unofficial market, but was stable at the official market. Data obtained from FMDQ OTC Securities Exchange,...
The Central Bank of Nigeria is finding it extremely difficult to stop the poor performance of the Nigerian currency. On Monday morning, the Naira was exchanging...
Nigerian currency has dropped to a record low at the black market as forex scarcity gives room for traders to profit. According to information from some...
Nigerian currency resumed from the Easter holiday at the official market, trading on a positive note after exchanging at N427.75 to the US dollar on Friday,...
The Naira is opening the week at N419.75 against the US Dollar at the Investors and Exporters (I&E) segment of the foreign market (forex). This is...
Naira clinched a meager gain against the U.S. dollar at the official market on Tuesday, after starting the week on a woeful note. Data from FMDQ...
Black market currency traders continue to profit from forex scarcity in the country as the gap between official and unofficial market exchange rates widen further. On...
A new trend is emerging on the black market, with traders looking for dollars expressing readiness to buy dollars for N600 if the prospective consumer has...
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said on Monday the black market was in comatose due to...
On Wednesday, the Nigerian currency gained significantly against the US dollar in the black market and stayed unchanged at the official market. Ripples Nigeria spoke to...
The official market value of the naira dropped on Monday, the first trade day after the Central Bank of Nigeria vowed to halt the activity of...
After the latest trading session on Friday, the difference between the official and black market exchange rates for Naira to U.S dollars hit N118.50. This means...
The Nigerian currency, naira has hit an all-time low after exchanging for N530/$ at the parallel market on Thursday. Data posted from Aboki FX in Thursday...
The Central Bank of Nigeria (CBN) and the bankers committee have announced plans to digitalize the sale of foreign exchange, which will greatly simplify the cumbersome...
Street currency traders began the new week selling U.S dollars to their customers at N510 to a U.S dollar, check by Ripples Nigeria have shown. Last...
The Nigerian naira began the week with a slight gain against the US dollar in the official currency market, but fell on the black market. According...
Foreign investors in the U.K have been told by the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, to ignore the rising foreign exchange...
Out of seven countries surveyed, Nigeria recorded the highest dip in remittance flow in 2020, a new report by Agusto has shown. The industry researcher also...
Naira depreciated against the United States dollar on the black market on Thursday after the Central Bank of Nigeria (CBN) introduced of a new policy, prohibiting...
Nigeria’s official exchange rate cannot be controlled by the parallel market, where the local currency has depreciated to its lowest level in three months, Godwin Emefiele,...
