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…
Tag: dollar
Dollar to Naira exchange rate today as forex shortage lingers
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 exchange: Naira loses again at official market
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,…
Naira Sheds Weight across FX Markets ahead of Easter break
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…
Massive job cut looms as dollar hits a new all-time high
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….
Naira Appreciates At Official Market As Nigeria’s External Reserve Bounces Back
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…
Naira tumbles to record low at official market as dollar supply drops by 54%
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…
Naira loses further at official market
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…
Reasons Behind Incessant Fall Of Naira Against Dollar – Reno Omokri Explains
Nigerian socio-political activist, Reno Omokri has claimed that the Naira is constantly crashing against the US Dollar due to the huge external debt the country is owing. He…
Here’s How We Can Save The Naira From Hitting 1,000 Per Dollar?
By Mayowa Tijani In the past few weeks, I have written extensively about the naira and Nigeria’s foreign exchange regime. As a result, I have got quite a lot of feedback from…