Naira

Naira depreciates to N1,367/$ in parallel market

Naira depreciates to N1,367/$ in parallel market

Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,370 per dollar from N1,365 per dollar on Thursday, indicating N5 depreciation for the naira.
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Naira appreciates to N1,359/$ in official market

Naira appreciates to N1,359/$ in official market

By Elizabeth Adegbesan The naira yesterday depreciated to N1,359 per dollar in the Nigerian Foreign Exchange Market, NFEM.However the Naira remained stable at N1,360 per dollar in the parallel market. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,359 per dollar from N1,353.5 per […]

Naira rises to N1,380/$ in parallel market

Naira rises to N1,380/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,380 per dollar in the parallel market from N1,385 per dollar on Tuesday. However, the naira depreciated to N1,340 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to […]

Naira rises to N1,393/$ in parallel market

Naira rises to N1,393/$ in parallel market

The Naira yesterday appreciated to N1,393 per dollar in the parallel market from N1,438 per dollar last weekend, falling on the same threshold as the official market.