By Elizabeth Adegbesan The naira yesterday depreciated to N1,240 per dollar in the parallel market from N1,235 per dollar on Wednesday. However, the naira appreciated to N895.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM), thus widening the gap between the official and parallel market exchange rates to N344.77 per dollar yesterday from N199.88 […]

In the forex rate today, Naira depreciated to N1,035.12/$ in the Nigerian Foreign Exchange Market. But it rose to N1,235 in the black market

The naira appreciated N907.11 per dollar at the end of trading activity in the Nigerian Foreign Exchange market for the year.

The naira yesterday depreciated to N1,230 per dollar in the parallel market from N1, 225 per dollar last week Friday.

Foreign exchange inflow through autonomous sources fell 3.2 per cent to $30.73   billion in 9m’23 from $31.24 billion in 9m’22.

The Trade Union Congress of Nigeria, TUC, on Friday, told President Bola Tinubu to call the Central Bank of Nigeria, CBN, to order over the scarcity of Nigeria in the country.

The trend is reflected in the increased cost of producing consumer goods, which are mostly essential commodities used regularly by households

The naira yesterday appreciated to N1,165 per dollar in the parallel market from N1,167 per dollar on Wednesday.

50kg bag of foreign rice which cost a little over N39,000 in June is now sold for about N60,000 and might rise higher as the festive season approaches. A middle-size tuber of yam sold for N800 in June this year, now sells for N1700. A kilo of chicken sold for N1,450 earlier in the year is now N3,200

Cartoon: Naira’s personal trainer declared wanted

Against the backdrop of  indications that the Federal Government is putting in place measures to achieve exchange rate target of N500-N600/$1…

Central Bank of Nigeria, CBN, Wednesday said that all banknotes (old, and new) remain legal tender.

There were contrary trends in the financial market yesterday, just a day after a major policy change by the Central Bank of Nigeria, CBN, reinstated the 43 items it had excluded from its foreign exchange supply window.

According to him, the commitment of CBN to offset the FX backlog as part of the measures to address the current FX challenge plaguing the market is noteworthy.

The Central Bank of Nigeria, CBN, has lifted the foreign exchange, FOREX, restriction on importation of 43 items