(Cartoon) Mr & Mrs: ‘In this economy any stick will do, sir’
(Cartoon) Mr & Mrs: 'Just make a stick available, sir'
Naira depreciates to N1,265/$ in parallel market
By Elizabeth Adegbesan The naira yesterday fell to N1,265 per dollar in the parallel market from N1,260 per dollar last week Friday.However, the naira depreciated to N838.95 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N838.95 per dollar from N890.54 per […]
Naira gains 19% to N874.79/$ in NAFEM
The naira yesterday appreciated N874.79 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N874.79 per dollar from N1,082.32 per dollar on Wednesday, indicating 19 per cent or N207.53 appreciation for the naira.
2024 budget: How we picked N800 to dollar exchange rate —FG
The Federal Government said yesterday it was conscious and strategic never to base the foreign exchange benchmark in the 2024 budget on a spot rate to avoid eventualities and uncertainties.
FX backlog: CBN pays foreign airlines additional $61.6m
The Central Bank of Nigeria, CBN, has disbursed the sum of $61.64 million to foreign airlines through various banks.
Naira depreciates to N1,240/$ in official market
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 […]
