Tag
NAIRA
The exchange rate between the naira and the dollar declined to N930/$1 on the parallel market, based on quotes received by Nairametrics late on Friday.
The dollar steadied near six-month highs as lingering signs of inflation in the United States stoked lingering concerns about the hawkish Federal Reserve.
The Naira weakened significantly against the US dollar on the official market on Tuesday, market rates published on the FMDQ website showed, although the dollar index fell sharply on Tuesday.
In the P2P market, the Naira fell as low as N910 against the dollar on Wednesday morning before moderating to the N902/$ levels at the time of drafting this report.
Major petroleum product traders and other independent traders could enjoy some relief from rising gasoline importation costs after oil prices posted their first weekly decline in more than two months coupled with the strengthening of the naira
The black market recorded another day’s improvement in the naira-dollar exchange rate on Thursday, 17th August 2023. Following the same trend, the official I&E window witnessed a positive movement on Thursday, 16th August 2023
Naira appreciated in the P2P market when it broke below the N900 price on Binance in the early hours of Tuesday.
Bureau De Change (BDC) operators under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have called on the Central Bank of Nigeria (CBN) to allow them to provide liquidity in the retail end of the foreign exchange market.
As naira continues freefall against major currencies, especially the dollars, the nation’s airlines are feeling the brunt more than expected.
Residents of Africa's largest economy finally seem to be exasperated as the exchange value of the naira continually loses value against the greenback. Is this really the liberalization of the country's FX market?
The Nigerian Naira has experienced a decline against the US Dollar on the parallel market due to a surge in demand within the informal sector.
The naira plunged to a record low of N900/$1 on the parallel market on Tuesday, August 8, 2023, as demand for foreign currency outstripped supply.