Friday, April 26, 2024
MARKET UPDATE
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Tag "dollar"

ABCON says naira now N980/$ at parallel market, cites dollar liquidity

    ABCON says naira now N980/$ at parallel market, cites dollar liquidity

Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria (ABCON), said the naira continued its appreciation streak against the dollar, strengthening to N980/$ in the

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Naira strengthens against dollar, trades N786/$ at official window

    Naira strengthens against dollar, trades N786/$ at official window

The naira, on Wednesday, appreciated further at the Nigerian autonomous foreign exchange market (NAFEM). The NAFEM window is the country’s official foreign exchange (FX) trading platform. Data from FMDQ Securities

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Naira reverses two-day rally, falls to N1,185/$ at parallel market

    Naira reverses two-day rally, falls to N1,185/$ at parallel market

The naira, on Tuesday, depreciated to N1,185 per dollar at the parallel section of the foreign exchange (FX) market. Naira fell by N35 or 3.04 percent compared to the N1,150

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Naira appreciates to N1,150/$ at parallel market as ‘FX scarcity wanes’

    Naira appreciates to N1,150/$ at parallel market as ‘FX scarcity wanes’

The naira, on Monday, appreciated further at the parallel section of the market to N1,150 a dollar.  This represents an appreciation of N80 or 6.5 percent compared to the N1,230

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Naira appreciates 6% against dollar, sells at N1,230 in parallel market

  Naira appreciates 6% against dollar, sells at N1,230 in parallel market

The naira appreciated to N1,230 per dollar at the parallel section of the foreign exchange market on Friday. This represents

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Will the naira ever come back to 700 per dollar? Here are some answers

  Will the naira ever come back to 700 per dollar? Here are some answers

A few years ago, I asked my boss how he has been able to write about Nigeria year in, and

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‘Dollar scarcity now scary’ — naira slumps to N1,225/$ at parallel market

  ‘Dollar scarcity now scary’ — naira slumps to N1,225/$ at parallel market

The naira, on Monday, continued its depreciation streak at the parallel section of the foreign exchange (FX) market. The local

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FX volatility: Give speculators reason to invest their dollars, MOMAN tells FG

  FX volatility: Give speculators reason to invest their dollars, MOMAN tells FG

Clement Isong, the chief executive officer of the Major Oil Marketers Association of Nigeria (MOMAN), says the federal government need

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Naira appreciates to N993/$ at parallel market as demand moderates

  Naira appreciates to N993/$ at parallel market as demand moderates

The naira, on Monday, appreciated at the parallel market to trade at N993 per dollar. The figure signifies an appreciation

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FAKE NEWS ALERT: CBN denies ‘policy’ to crash exchange rate to N1.25/$

  FAKE NEWS ALERT: CBN denies ‘policy’ to crash exchange rate to N1.25/$

The Central Bank of Nigeria (CBN) says it is not planning to introduce a new naira policy that will crash

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