The naira fell to an all-time low of N1,099.05/$ the official Investor and Exporter forex window on Friday to cap what has been a turbulent couple of months for the national currency.This…
Tag: Naira
Naira loses nearly fifth of its value, as fresh details emerge for black market rate
THE naira lost nearly a fifth of its value as it traded at N951.2/$ on the official Investor and Exporter forex window on Wednesday. Data from FMDQ Securities Exchange highlighted that the…
Naira appreciates against Dollar
VAM News Update Nigeria’s currency, the Naira, appreciated against the US Dollar on Friday at the foreign exchange market. Official data from FMDQ disclosed that the Naira appreciated N794.89/$1 at the close…
Naira Plunges To N956.33/1 Dollar Amid FX Crisis
VAM News Update THE naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent…
Inside Nigeria: Naira depreciates against dollar, loses N81
VAM News Update Nigeria’s currency, the naira, depreciated against the US dollar at the foreign exchange market on Tuesday. Official data from FMDQ showed that the country’s currency exchanged at N830.97 to…
Dollar rise #200 to Naira as of Friday’s market
VOICE AIR MEDIA News Update Foreign exchange fluctuation is yet to end as the Naira depreciated against the US Dollar at the FX market on Thursday. Official data from FMDQ showed that…
Naira hits N780/$ at official market
THE naira, on Friday, closed at N780.14 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window. The rate represents a recovery of 21.73 percent from…
Naira hits N1, 000/$ in official market
VAM News Update Despite recent moves by the Central Bank of Nigeria to strengthen the foreign exchange market, the naira closed trading on the Investor & Exporter forex window on Thursday at…
Honeymoon ends as Naira Weakens on Nigeria’s Streets
VAM News update THE naira on Wednesday weakened to N1,135 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents N15 or 1.35 percent depreciation compared to…
Reaction as Naira crashes to 1,030/$
The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a N80 loss…