Tag
DOLLAR
On Tuesday, September 24, 2024, the Nigerian naira further depreciated against the US dollar, closing at N1,658.48 in the official Investor and Exporter (I&E) window.
The exchange rate between the naira and the US dollar appreciated N1,541.52 at the official Investor and Exporter (I&E) window on Friday, September 20, 2024.
The local currency was unchanged against the greenback on Thursday as the haven currency firmed sharply, despite an interest rate cut by the U.S. central bank, which was offset by less dovish signals regarding future rate hikes.
The exchange rate between the naira and the US dollar depreciated by 3.61% at the official Investor and Exporter (I&E) window on Monday, September 10, 2024.
The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM market on Wednesday, August 4, 2024.
The dollar index remained near its weekly high, while the Nigerian naira fell below a key support line. The local currency dropped below the N1,600/$ support level in the black market.
The Nigerian official foreign exchange (FX) market experienced a marked decline in turnover in August, despite the initial Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN).
The Nigerian currency began the week on a bearish note as the U.S. dollar index showed strong performance in the global market.
In this episode, I look into the recent announcement by the US Federal Reserve and its potential impact...
The Naira strengthened against the dollar on Friday, trading at N1,585/$ from N1,590/$ posted on Thursday in the...
The naira has appreciated again to close below N1,600/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window.
The Naira posted its worst dip since April despite the weakening U.S. dollar index.