The forex turnover rose significantly by 229.24 percent, as the Naira’s exchange rate appreciated marginally against the dollar at the official market on Thursday. According to...
Nigeria’s Naira gained slightly against the U.S. dollar at the official exchange market on Wednesday. This is as Nigeria’s external reserves dropped by $15.9 million in...
Naira closed trading significantly weaker to the dollar at the official market on Tuesday. Data from the FMDQ Security Exchange showed the Naira closed at N411.67...
Nigeria’s naira remained unchanged against the U.S. dollar at the unofficial market and official markets on Monday. Naira again closed at N485 at the black market,...
Nigerians are reportedly shunning the country’s currency, naira, for foreign notes. This move is to escape the weak local currency which has a high volatility amid...
Nigeria’s naira gained against the U.S. dollar at the unofficial market on Thursday. The data posted by Abokifx showed that the naira closed at N485.00 at...
The Naira appreciated slightly against the U.S. dollar at the I&E window of the foreign exchange market on Wednesday. The appreciation saw the local currency exchanged...
Nigerian Naira on Tuesday recorded a significant devaluation to the U.S dollar at the parallel exchange market. According to data from Abokifx, Naira closed at N486...
Naira started the week with a slight gain against the U.S. dollar at the investors and exporters window the official currency market. According to data posted...
The depreciation of Nigeria’s Naira has increased the nation’s external debt service in January by about N34.3 billion. According to the monthly economic report for January...
Last week closed with Naira weaker against the U.S dollar at the Investors and Exporters (I&E) forex window, the official currency market. Naira closed on Friday...
On Wednesday, Nigerian currrency, Naira appreciated to the dollar by 0.12 percent closing at the Investors and Exporters (I&E) where forex is traded officially. According to...
The exchange rate between Naira and the US Dollar closed at N411/1$ in the Importers and Exporters window, where forex is traded officially. According to data...
The Naira appreciated by N3 against the US Dollar at the black market of the foreign exchange (forex) market on Monday, to close at N482. This...
Naira closed the week stronger to the dollar after four days of trading at the I&E window of the foreign exchange market. Naira had opened the...
Exchange rate of Nigeria’s currency, the Naira, on Thursday closed at N409.65k as against N411.00 it closed on Wednesday at the Investors and Exporters (I&E) forex...
Nigeria’s currency on Wednesday weakened further by 0.12 percent following strong demand at the Investors and Exporters (I&E) forex window. After trading on Wednesday naira/dollar exchange...
The value of Nigeria’s currency dropped by N1.20k or or 0.29 percent on Tuesday after the Easter celebrations at the I&E window of the foreign exchange...
The Ghanaian cedi has emerged the best currency in Africa for the first quarter of 2021, according to data from Databank Research. Ghana ended the first...
On Thursday, April 1, 2021, Naira closed at N485.00 to the dollar at the black market, this represents N1.00 or 0.21 percent appreciation from N486.00, the...
Nigeria’s currency on Wednesday appreciated by 0.08 percent stronger than the dollar at the Investors and Exporters (I&E) forex window, despite low liquidity. This is the...
The salaries of employed Nigerians have been eroded by a weaker Naira and rising inflation, over the last two years, dashing the hopes of a comfortable...
Although a slight gain, Nigerian Naira recorded 0.03 percent improvement against the U.S dollar at the Investors & Exporters window of the foreign exchange market on...
Nigeria’s currency, naira on Monday gained 0.21 percent in its value against the dollar, which closed at N409 compared to N410 it closed on Friday at...
The foreign exchange market closed the week with Naira gaining marginally by 0.031 percent after exchanging with the dollar at N410.05 on Friday compared to N410.13...
Despite increase in dollar supply, the Nigerian Naira grew weaker against the US dollar on Thursday. After trading on Thursday, the foreign exchange market closed with...
Nigeria’s currency on Wednesday appreciated by 0.26 percent stronger than the dollar at the Investors and Exporters (I&E) forex window according to data from FMDQ Security...
Naira gained marginally against the United States Dollar on Tuesday to close at N409.80/$1, data posted on the FMDQ Securities Exchange showed. This represents a N0.33...
The Federal Government on Monday announced another currency reform as Naira falls across foreign exchange markets in the country. The Minister of Finance, Budget and National...
No respite yet for Naira at the foreign exchange (FX) market, two weeks after the introduction of a new FX policy tagged “Naira 4 Dollar” scheme...
Nigeria’s currency on Thursday strengthened marginally by 0.02 percent at the Investors and Exporters (I&E) forex window. Naira closed with the dollar quoted at N409.67k as...
On Tuesday, March 16, 2021, Naira depreciated against the U.S dollar at the Investors & Exporters (I&E) window of the foreign exchange market, according to data...
Naira steadied at N485 per dollar on Monday at the black market the same rate it closed on Friday. However, at the Investors & Exporters (I&E)...
The Naira ended the week trading at N485 against the dollar, N5 or 1.04 percent lower, in the black market, when compared to the 480 it...
Naira on Thursday gained against the dollar at the Investors & Exporters (I&E) window of the foreign exchange market to close at N409 to the dollar...
After hitting two consecutive days of low, on Wednesday, the naira crept to a gain at the Investor and Exporter window. Data from the FMDQ Security...
As feared, the Naira is inching closer to N500 mark this week, as Nigeria’s currency fell by another N2 or 0.42 percent to close at N484...
Naira depreciated against the dollar on the black market on Monday by N2, according to data gleaned from abokiFX.com, a website that collates parallel market rates...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Despite the rise in crude oil prices this week, the sustained demand for dollars in the foreign exchange market means Nigeria’s currency ended the week 0.18...
Nigeria’s currency on Thursday recorded 1.1 percent appreciation to close at N406.50 against the dollar. This represents a N4.50 gain when compared to N411 recorded on...
Nigeria’s currency on Wednesday signaled a return to the green at the Investors and Exporters (I&E) forex as Naira close at N411 per dollar, a marginal...
The exchange rate between the naira and the United State’s Dollar closed at N411.63/$1 at the Investors and Exporters window on Tuesday, March 2. This represents...
Nigeria’s currency, the naira, on Monday strengthened against the dollar by 0.26 percent at the Investors and Exporters (I&E) forex window to close at N409.2/$1. On...
Nigeria’s currency on Tuesday gained 0.34 percent to close at N408.60k per dollar compared to N410.00k closed since two days at the Investors and Exporters (I&E)...
On the parallel market, Nigeria’s currency on Monday exchanged at N480 per dollar. This is according to data from AbokiFX.com, a website that collates parallel market...
The Central Bank of Nigeria (CBN) in the first half ended June 2020, injected a cumulative sum of $10.31 billion to cushion demand pressures and ensure...
The Naira depreciated against the dollar to close at N478/$1 at the black market on Wednesday, data posted on abokiFX.com, a website that collates parallel market...
Nigeria’s Naira is one of Africa’s low-performing currencies so far in 2021 after dropping 2.85 percent of its value against the United States dollar in the...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...