dollar

1 Minute

Business

Naira falls Massively Against Dollar

VAM News July 22, 2022 0 Comment

Nigeria Naira continue to fall deepper at the black or parallel market to N658 to a $1.00 or 6% devaluation. Bureaux De Change operators (BDCs) who spoke to our correspondent blamed the depreciation on...

3 Minutes

Business

Naira to Dollar reaches N600 to $1 ahead party primaries

VAM News May 17, 2022 0 Comment

Ahead of party primaries in Nigeria, dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window...

1 Minute

Foreign

JUST IN: Dollar batters Naira again at Exporters window

Akanji Philip May 10, 2022 0 Comment

The Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to the dollar, a 0.48 per cent depreciation, weaker than N417 it traded on Friday. The open indicative rate...

1 Minute

Business

Dollar to Naira exchange rate today as forex shortage lingers

VAM News May 9, 2022 0 Comment

The naira sunk further, an exchange to the dollar now sit at 595/dollar on Friday at the parallel market. Some bureau de change operators who spoke with the punch correspondent said the dollar was...

1 Minute

Business Economy

Dollar exchange: Naira loses again at official market

VAM News April 22, 2022 0 Comment

Naira fell yet again against the U.S. dollar at the official market on Thursday, extending its decline to two consecutive days at the spot market. It closed at N419.50 to a dollar, implying a...

1 Minute

Business

Naira Sheds Weight across FX Markets ahead of Easter break

VAM News April 15, 2022 0 Comment

The Nigerian local currency, naira, falls at the official foreign exchange and also weakened in the parallel market ahead of the Easter celebration due to demand pressures amidst dollar scarcity. At the investors’ and...

5 Minutes

Business Economy

Massive job cut looms as dollar hits a new all-time high

VAM News March 23, 2022 0 Comment

With the money market, the lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is inching towards N590/$1, The PUNCH reported. The development...

2 Minutes

Business

Naira Appreciates At Official Market As Nigeria’s External Reserve Bounces Back

VAM News November 8, 2021 0 Comment

The exchange rate between the Naira and the US dollar closed at N414.30/$1, at the official Investors and Exporters window. The Naira appreciated against the US dollar to close at N414.30/$1 on Friday 5th...

4 Minutes

Business

Naira tumbles to record low at official market as dollar supply drops by 54%

VAM News October 15, 2021 0 Comment

Thursday, 14th October 2021:  The exchange rate between the naira and the US dollar closed at N422.07/$1, at the Investors and Exporters window, where forex is traded officially. Naira depreciated significantly against the US...

1 Minute

Economy

Naira loses further at official market

VAM News October 7, 2021 0 Comment

Naira fell marginally against the U.S. dollar at the official market on Wednesday, as foreign exchange supply increased significantly from what was recorded in the previous session on Tuesday. Data from FMDQ securities exchange...