Currency traders have linked the ongoing depreciation of the naira and fluctuations in the forex market to inconsistent dollar allocations to Bureau De Change (BDC) operators...
The Naira depreciated to N1,600 per dollar in the parallel market yesterday, down from N1,590 per dollar over the weekend. However, in the Nigerian Autonomous Foreign...
On Monday, the Nigerian Naira appreciated in the official market, trading at N1,607.15 to the dollar. This gain was recorded on the FMDQ Exchange, which oversees...
Yesterday, the Naira appreciated to N1,580 per dollar in the parallel market, down from N1,610 per dollar last Friday. However, in the Nigerian Autonomous Foreign Exchange...
On Friday, the Naira depreciated to N1,610 per dollar in the parallel market, down from N1,580 per dollar the previous day. In the Nigerian Autonomous Foreign...
The Nigerian Naira experienced mixed changes in the foreign exchange markets yesterday. In the parallel market, the Naira strengthened to N1,565 per dollar, up from N1,585...
Yesterday, the Central Bank of Nigeria (CBN) announced the resumption of dollar sales to bureaux de change (BDCs). This move reversed the sharp depreciation of the...
For the first time in seven days, the naira saw gains against the United States dollar in both official and parallel foreign exchange markets. According to...
Nigeria’s foreign exchange (FX) reserves have climbed to their highest level since March 28, 2024, marking a significant financial achievement that aligns with the longest stretch...
On Thursday, the Naira strengthened in the parallel market, appreciating to N1,485 per dollar from the previous day’s rate of N1,490 per dollar. Conversely, in the...
