The naira appreciated significantly against the US dollar at the foreign exchange as trade resumed on Monday. FMDQ data showed that the Naira appreciated N1353.21 per...
The Nigerian Naira weakened further to N1,410/$ in the unofficial market on Friday afternoon as traders saw an aggravated demand for the dollar by parents and...
In the opening trading session of May at the NAFEM window, the Naira experienced a slight decline, settling at N1,402.67 to the dollar, which is a...
The Nigerian currency, the Naira, experienced a significant depreciation yesterday, dropping to ₦1,365 per dollar in the parallel market from ₦1,320 per dollar on Tuesday. Naija...
The Naira has resumed depreciation against the Dollar in the foreign exchange market. FMDQ data showed that the Naira depreciated to N1402.67 per Dollar on Thursday...
Nigeria’s Brass River, Bonny Light, and Qua Iboe are trading above $85 a barrel, a dollar higher than the active Brent contract. However, this increase hasn’t...
The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 to the...
The Naira opened the month of May on a negative note, trading at N1,360/$ at the parallel market, representing a slight decline of 0.74% from the...
The Naira lost N112.38 against the US dollar at the foreign exchange market in April 2024. FMDQ data showed that the Naira traded at N1,390.96 per...
The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 to the...
The Nigerian naira traded near its April low, while the dollar index approached a six-month high as anticipation of a Federal Reserve meeting kept traders largely...
The naira recorded its first gain against the US dollar at the official foreign exchange Market this week. FMDQ data showed an appreciation of N1,390.96 per...
The Nigerian currency, the Naira, has experienced a significant decline in value, falling to ₦1,340 per dollar in the parallel market, a notable decrease from N1,300...
The naira depreciated by N79.88 against the dollar at the official foreign exchange market. FMDQ data showed that the naira closed at N1,419.11 per US dollar...
Currency traders report a rebound for the Naira against the US dollar in the parallel market, reaching N1280/$ according to recent market data. This marked a...
The Nigerian Naira recorded a significant appreciation in the parallel market, strengthening to ₦1280/$ yesterday, as reported by Nairametrics from currency traders. This marked an impressive...
After days of depreciation, the naira bounced back against the US dollar in the parallel market. A Bureau De Change operator, Mistila Dayyabu, said in an...
Controversial clergyman, Pastor Chukwuemeka Odumeje, also known as Indaboski Bahoose vows to crash the Dollar again and strengthen Naira as he arrives in Nigeria after his...
The Nigerian naira continued its downward trend against the US dollar at the official exchange window, closing at N1,309.88 on Thursday, March 25th. This represents N1.36...
The Naira has slumped seven times in recent days against the US dollar at the foreign exchange. FMDQ data showed that the Naira recorded a seventh...
The Association of Bureau De Change Operators of Nigeria, ABCON, has blamed peer-to-peer cryptocurrency platforms like Binance for the recent depreciation of the Naira against the...
Spot foreign exchange (FX) market turnover in March 2024 stood at $12.61 billion (N19.29 trillion), representing a month-on-month (MoM) increase of 47.66% ($4.07 billion) from what...
A force which the global financial markets was not prepared for in 2024 is already affecting them: The dollar is strong again and seems to be...
The Nigerian Naira experienced a significant depreciation in value against the US Dollar this Monday, as rates hit ₦1,260 per dollar in the parallel foreign exchange...
Again, the Naira lost N64.5 against the US dollar in the foreign exchange market. FMDQ data indicated that the Naira depreciated to N1,234.49 per US dollar...
Nigeria’s economy has received a significant boost with the Naira appreciating to N1,300 against the US dollar, sparking hope for a potential recovery. This development has...
The Economic and Financial Crimes Commission (EFCC) has launched a fresh crackdown on currency speculators and cryptocurrency platforms manipulating the naira. It was gathered that the...
Vice-President Kashim Shettima has expressed optimism about the performance of the Naira at the forex market, saying it will continue to appreciate as the dollar continues...
Vice President Kashim Shettima has assured that the naira will continue to appreciate against the dollar. Shettima said President Bola Tinubu understands the game and would...
Despite the Naira’s recent gains against major foreign currencies, prices of goods and services in Nigeria are unlikely to decrease anytime soon. This is because the...
The Nigerian Naira experienced a significant depreciation in the parallel foreign exchange market, ending its previous trend of appreciation. On Friday, the currency fell to ₦1,230...
The Nigerian Naira on Friday experienced a decline at the official exchange window, trading at ₦1,169.99 against the American dollar. According to the official trading platform...
The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market. FMDQ data showed that the naira tumbled to...
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market...
The naira has appreciated by N75.4 against the US dollar in a single day to bounce back in the foreign exchange market. FMDQ data showed that...
The Naira recorded a marginal depreciation against the Dollar in the foreign exchange market for the first time since March 2024 amid the decline of FX...
The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed...
The value of the naira gained strength on Monday afternoon in the parallel market, having opened at N1,130 to the dollar in the morning. It was...
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ...
The Nigerian Naira saw a significant appreciation against the US dollar on Friday, as it strengthened in both the official and parallel segments of the foreign...
The Nigerian National Petroleum Company Limited (NNPCL) is set to increase its gas output, targeting both local and international markets. This strategic move is promised to...
The Central Bank of Nigeria (CBN) has crashed the exchange rate for Bureau De Change (BDC) operators to N1,101 per dollar from N1,251/$1, following rising inflow...
The Central Bank of Nigeria (CBN) announced on Monday that it had sold dollars to Bureau De Change operators. Naija News reports that CBN disclosed this...
On Friday, the Naira demonstrated strength at the official market, with a trading rate of ₦1,251.05 against the dollar. Data sourced from the FMDQ Exchange’s official...
The Naira appreciated N351.12 against the US Dollar in the foreign exchange market in the last one month. This is according to FMDQ data on the...
The Nigerian Naira experienced a notable appreciation, reaching N1,245 per dollar in the parallel market on Friday, surpassing the official and Bureau De Change (BDC) segments’...
On Wednesday, the Nigerian naira sustained its upward trend against the United States dollar, gaining value at both the official foreign exchange market and the parallel...
At the close of trading on Wednesday, Nigeria’s currency, the naira appreciated to N1,240 per dollar at the parallel section of the Foreign Exchange (FX) market....
The Naira further gained at the official market, trading at N1,262.85 to a dollar on Wednesday. Data from the official trading platform of the FMDQ revealed...
Social Activist, Reno Omokri, has urged Nigerians to convert their dollars into naira. Omokri explained that Naira would improve against the US dollar when the Dangote...
The naira continued its appreciation against the US dollar on Tuesday at both official and parallel foreign exchange markets. FMDQ data showed that the naira appreciated...
The Nigerian naira continued its upward gain against the American dollar, closing at an official exchange rate of N1278.58 to $1 on Tuesday, 2nd April 2024. The...
The dollar is not selling at N1,000/$1, Bureau De Change, BDC, operators have told DAILY POST. On Wednesday, a post on X (formerly Twitter) went viral...
Contrary to social media reports making the rounds on Facebook and X (formerly Twitter), claiming that a US Dollar was exchanging for between N900 and N1,000...
Prophet Chukwuemeka Ohanemere, aka Odumeje, of the Mountain of Holy Ghost Intervention and Deliverance Ministry, has boasted that the exchange rate of dollar to naira came...
Earning in dollars in Nigeria can be highly beneficial due to the favourable exchange rate against the local currency, the Naira. Here’s a look at jobs...
The naira’s appreciation against the US dollar continued on Monday, exchanging N1,360 and N1,408.04 per USD at both parallel and official foreign exchange markets. A Bureau...
A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, has said that those who want the Naira to be N400 to the Dollar...
The Naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday. Data from the official trading platform of the...
The Nigerian Naira has experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday, up 1.5% from the previous day’s...
The Nigerian naira continued its upward trajectory against the United States dollar, closing at 1,382/$ in the official market on Thursday, marking a significant N18 gain....
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane has said the current Naira appreciation drive against the US dollar is sustainable. Rewane...
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has warned Nigerians hoarding the dollar to dump their stock immediately to avoid...
The naira on Wednesday exchanged for N1400 against the United States, US, dollars in the parallel market. Parallel market operators sold at N1400/$1 for holders of...
The naira has shown signs of strengthening in the official foreign exchange (FX) market, currently quoted at N1,560.57 to the dollar. This improvement reflects a 0.79...
The naira, on Monday witnessed a depreciation, trading at N1,610 against the dollar in the parallel market. This marks a 0.63 percent decline from the N1,600/$...
The US dollar turnover transactions surged by 21 per cent to $122.18 million as the Naira appreciated against the US dollar on Tuesday at the foreign...
Goldman Sachs Analysts have forecasted that the Naira will appreciate N1200 per US dollar in twelve months. Goldman Sachs analysts, Andrew Matheny and Bojosi Morule disclosed...
The Central Bank of Nigeria (CBN) has reported an increase in foreign exchange inflow into the economy in February 2024, with increments in remittance payments by...
With the current hardship in Nigeria, starting a business with a budget of less than 100,000 Naira (about $240 USD) is feasible and can be quite...
The Federal High Court in Kano has ruled that the Kano State Public Complaints and Anti-Corruption Commission (PCACC) does not have the authority to summon or...
The Nigerian Naira saw a depreciation in value against the dollar at the parallel section of the foreign exchange market on Monday, sliding to N1,620/$, a...
Amidst the uncertainty of Nigeria’s forex issues, Pastor Chibuize sparks a buzz during a unique prayer session where he commanded the Dollar to fall in favour...
A currency becomes strong if a country’s exchange rate is appreciating as a result of internal policies and other economic reforms. In the world today, 180...
In a surprising turn of events, the Nigerian Naira witnessed a significant depreciation at the parallel section of the foreign exchange market on Friday, reversing its...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators, Naija News reports. This is in exercise of the...
In a notable turn of events, the Nigerian currency, the naira, has shown signs of robust appreciation at the parallel section of the foreign exchange (FX)...
Activist Deji Adeyanju has made a prediction about the Dollar selling for 5,000 under President Bola Tinubu’s administration. According to Adeyanju, the Federal Government and the...
The naira tumbled against the US dollar at the foreign exchange market on Friday amid the continued raid of Bureau De Change operators by the Economic...
The Ogun State Governor, Dapo Abiodun has allayed the fears of Nigerians over the continuous rise of the dollar stating that the global currency will soon...
Senator Ali Ndume says the federal government is not losing out from the naira depreciation against the dollar but gaining more revenue to fund its 2024...
The US Dollar supply turnover at Wednesday’s official foreign exchange market surged by 51 per cent to $240.72 million as the Naira recorded marginal gains. FMDQ...
The Nigerian currency, the naira, saw a notable appreciation on Wednesday, strengthening to N1,860 against the dollar in the parallel market, marking a significant recovery from...
Operatives of the Economic and Financial Crime Commission (EFCC) arrested some currency exchange operators in the famous Kano currency exchange market, WAPA, in the early hours...
The Central Bank of Nigeria (CBN), on behalf of the federal government, has increased the exchange rate for cargo clearance to N1,605/$. Since President Bola Tinubu...
The naira Tuesday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau De Change...