The naira depreciated by N63.36 per dollar at the foreign exchange market in the last 24 hours. FMDQ data showed that the day closed at N1416.57...
The foreign exchange (FX) market opened on Monday, with the naira exchanging with the dollar at 1,430 on the parallel market, popularly called black market. This...
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 Federal Government is planning to delist the Naira from the P2P space to prevent manipulations and to ensure a fair and stable currency market. A...
The Naira ended the week by appreciating marginally against the dollar in the official and parallel foreign exchange markets. FMDQ data at the close of Friday...
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...
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 chairman of Dangote Group, Aliko Dangote, has described the devaluation of the naira from ₦460 to ₦1,400 as the biggest mess of the year 2023....
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 ended April on a positive note, strengthening by N28.15 against the dollar to trade at N1,390.96. Data from the official trading platform of the...
The naira on Tuesday steadied at 1,350 per US dollar on the parallel market, popularly called black market.On Monday morning, the naira opened the foreign exchange...
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...
A recent report by Statisense has ranked the Nigerian Naira and the Argentine Peso among the top 15 weakest currencies against the U.S. dollar, highlighting ongoing...
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...
Dr Sam Ohuabunwa, President of the African Economic Summit, has decried the fall of the naira, describing it as a paperweight when compared to other currencies....
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...
The Nigerian Naira saw a notable increase in value against the US dollar in the parallel market, reaching N1,350. This marked a 2.20% rise from the...
The naira regained strength against the haven currency over the weekend, breaking below the N1,300 resistance level at the parallel market, to settle at N1270-75 against...
Disturbed by the latest depreciation of the Naira against major foreign currencies, the Senate through its Committee on Finance, has said that it is exploring a...
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...
The naira has continued its recovery against the US dollar at the parallel market as it appreciated to N1280/$1 on Saturday, according to information obtained by...
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 naira recorded a weekly depreciation of N169.24 against the US dollar in the foreign exchange market on Friday. FMDQ data showed that the Nigerian currency...
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 recorded significant depreciation against the haven currency in a matter of few weeks despite the recent decline in the US dollar index, influenced by...
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 naira experienced a decline on Thursday afternoon, falling to N1,450 per dollar in the parallel market. This represents a decrease of 8.28% or an N120...
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...
The naira has continued its depreciation against the US dollar for the fifth time despite the Central Bank of Nigeria’s sale of foreign currencies to legitimate...
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...
Controversial cross-dresser Idris Okuneye, popularly known as Bobrisky, on Monday, filed a notice of appeal challenging the six months maximum sentence given to him by a...
A Nigerian man dares officers of the Economic and Financial Crimes Commission (EFCC) to arrest three individuals spraying naira notes at an event in a circulating...
The headline inflation in March 2024 hit 33.20% relative to February 2024 which stood at 31.70%. Inflation in the country has been increasing steadily as the...
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...
The Coalition of Northern Groups (CNG) has expressed deep concern over the unjustified prices of goods and services in the market despite the recent “crash of...
The Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, has recounted how many party-goers in Lagos State were scared of spraying Naira at a party....
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...
Nigeria’s Vice President, Kashim Shettima, has provided reassurance that the naira will maintain its upward trend against the United States (US) dollar. According to Shettima, ‘they...
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...
The Federal Competition and Consumer Protection Commission (FCCPC) on Saturday released the findings of a comprehensive investigation into the factors driving the relentless increase in consumer...
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...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, says Nigeria received $600 into the country’s foreign reserves. The development will see the Naira appreciate further...
The Centre for the Promotion of Private Enterprise has explained that the impact of Naira appreciation may not be immediate on cargo imports because of the...
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...
Nigeria’s foreign exchange reserves plummeted to $32.29 billion amid the Central Bank of Nigeria’s efforts at defending the Naira and dwindling crude oil revenue. Data from...
Controversial singer, Habeeb Okikiola, aka Portable, has pleaded with the Economic and Financial Crimes Commission, EFCC, to forgive him if they have any evidence against him...
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 Association of Bureau De Change Operators of Nigeria (ABCON) has observed a faster-than-anticipated appreciation of the Nigerian Naira against the US Dollar. President of ABCON,...
The Nigerian Naira, in a significant economic turnaround has shown remarkable strength against the US dollar, trading below ₦1,000 in some segments of the black market. This...
The Nigerian government has agreed to sell crude oil to Dangote and local refineries to boost the Naira. The Chief Executive of the Nigerian Upstream Petroleum...
Minister of Finance, Wale Edun, says Nigerians are saving in Dollars because they have lost faith in Naira. He noted that the recent appreciation of Naira’s...
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 naira held onto its bullish momentum despite the dollar’s most recent aggressive gains this week, as concerns about persistent inflation remained unabated despite weaker-than-expected March...
The Economic and Financial Crime Commission, EFCC, has issued a veiled threat to Nigerians who abuse naira notes. The anti-graft agency in its warning said if...
The Naira appreciated by N60 against the US dollar after the Eid-el-Fitr holidays. A Bureau De Change operator, Mistila Dayyabu, disclosed this to DAILY POST on...
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...
Nigerians have continued to celebrate as the naira appreciated to N1,200/dollar at the parallel section of the foreign exchange market on Tuesday. Naija News gathered that...
The Presidency has backed the efforts of the Yemi Cardoso-led Central Bank of Nigeria (CBN) to stabilise the Naira against the Dollar. It said the recent...
The Central Bank of Nigeria, CBN, has prohibited the use of Foreign Currency-denominated collaterals for Naira loans by all Nigerian banks. The apex bank disclosed this...
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...
The senator representing the Delta North senatorial district at the National Assembly, Ned Nwoko, has attributed the fall of the naira to racketeers and vested interests...
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’s depreciation over recent months has led to significant setbacks in the West African market, with trans-border traders increasingly rejecting the Nigerian currency in favor...
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 Economic and Financial Crimes Commission (EFCC) has described as reckless comments made by a former Chairman of the National Human Rights Commission, Chidi Odinkalu, over...
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’...
The naira continued its appreciation against the US dollar despite a drop in foreign exchange turnover transactions at the FX market. Data from FMDQ showed that...
A controversial social media activist, VeryDarkMan, has reacted to the arrest of Okuneye Idris Olanrewaju, a Nigerian crossdresser popularly known as Bobrisky, by the Economic and...
Barely hours following the arrest of the controversial lifestyle influencer Bobrisky Okuneye, a video of him allegedly abusing the Naira notes surfaces. The EFCC invited the...
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...
Turnover at the foreign exchange market plunged to $166 million on Wednesday, 24 hours after hitting the historic $1 billion mark. Data from FMDQ showed that...
Senator representing Sokoto North Senatorial District, Aliyu Wamakko has called on marketers and traders in the country to reduce the prices of goods as the US...
According to data from FMDQ Securities, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market closing below the N1,300 ceiling marks the first instance...
The value of the naira continued its appreciation against the dollar on the first trading day of the month closing at N1,278.58 to the dollar at...
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 President of the Association of Bureaux de Change Operators of Nigeria, ABCON, Aminu Gwadabe, says the Naira appreciated by N660 against the US dollar since...