FOREX

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Naira depreciates to N1,537/$ in official market

Naira depreciates to N1,537/$ in official market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,537 per dollar in the Nigerian Foreign Exchange Market (NFEM) surpassing the parallel market with a N2. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,537 per dollar from N1,536 per dollar on Tuesday, indicating N1 […]

Naira appreciates to N1,560/$ in parallel market

Naira appreciates to N1,560/$ in parallel market

By Elizabeth Adegbesan THE naira yesterday appreciated to N1,560 per dollar in the parallel market from N1,565 per dollar on Monday.But the Naira depreciated to N1,530.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,530.5 […]

Naira depreciates to N1,585/$ in parallel market

Naira depreciates to N1,585/$ in parallel market

By Elizabeth Adegbesan The naira yesterday depreciated to N1,585 per dollar in the parallel market from N1,570 per dollar on Monday. But the Naira appreciated to N1,527 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to […]

Naira strengthens steadily against Dollar

Naira strengthens steadily against Dollar

The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market. Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against the Dollar on Friday alone. This marks a 0.28 per cent appreciation from Thursday’s closing rate of […]

Naira rises to N1,620/$ in parallel market

Naira rises to N1,620/$ in parallel market

By Elizabeth Adegbesan THE naira yesterday appreciated to N1, 620 per dollar in the parallel market from N1,625 per dollar on Monday. But the Naira depreciated to N1,598.69 per dollar in the Nigerian Foreign Exchange Market (NFEM), Data published by FMDQ showed that the exchange rate for the naira rose slightly to N1,598.69 per dollar […]

75% of goods from Benin ports bound for Nigeria — Reps Speaker

75% of goods from Benin ports bound for Nigeria — Reps Speaker

•Vows to back reforms to simplify trade regulations By Yinka Kolawole The Speaker, House of Representatives, Tajudeen Abbas, has said that more than  75 percent of goods offloaded in the Benin Republic ports are bound for Nigeria, blaming inefficiencies and high costs at Nigerian ports. Abbas stated this when he received a delegation from the Presidential […]

Naira depreciates to N1,635/$ in parallel market

Naira depreciates to N1,635/$ in parallel market

By Elizabeth Adegbesan The naira yesterday depreciated to N1, 635 per dollar in the parallel market from N1,625 per dollar on Tuesday. The Naira has recorded a 1.8 percent or N29 depreciation in the parallel market from the beginning of this month till date. However, the Naira appreciated to N1,596 per dollar in the Nigerian […]