Naira gains N61.38 against dollar at official market, weakens at parallel market
The Naira on Wednesday appreciated at the official market, trading at N1,459.02 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N61.38. This represents a 4.04 per cent gain when compared to the previous trading date on Tuesday, when the local currency exchanged at N1,520.40 to […]
Naira down to N1,100$ in parallel market
The Naira, yesterday, depreciated to N1,100 per dollar in the parallel market, from N1,080 per dollar on Monday.
Naira makes recovery, gains 7.2% against dollar
The naira experienced huge appreciation on Friday at the official market, trading at N1,142.38 to the dollar.
Naira best-performing in April, to exchange below N1,000 per Dollar – Goldman Sachs
According to a report by Goldman Sachs economists, with the appreciation rate of the Naira in the foreign exchange market, the currency may exchange below N1,000 per Dollar in the coming months.
Why naira is appreciating against dollar
The policies of the apex bank led by Dr Olayemi Cardoso are responsible for the naira’s steady appreciation.
Depreciation: Trans-border traders reject Naira
FOLLOWING the depreciation of the Nigerian currency(Naira) in the past few months, further setbacks have hit the West African market region’s local currency as trans-border traders have started rejecting the currency.
