Tuesday, April 23, 2024
MARKET UPDATE
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Tag "Dollars"

Naira depreciates by 4%, drops to N1,035/$ at official market

    Naira depreciates by 4%, drops to N1,035/$ at official market

Naira, on Wednesday, hit N1035.12 per dollar at the official market, also known as the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The foreign exchange (FX) rate movement represents a

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Naira appreciates by 13%, ends 2023 at N907/$ at official market

    Naira appreciates by 13%, ends 2023 at N907/$ at official market

The naira, on Friday, gained against the dollar at the official foreign exchange (FX) market, known as Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ Securities, a platform that

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Naira tumbles to all-time low, trades at N1,099/$ at official market

    Naira tumbles to all-time low, trades at N1,099/$ at official market

The Nigerian naira tumbled to an all-time low of N1,099 against the dollar, on Friday, at the country’s official exchange rate window — the Nigerian Autonomous Foreign Exchange Market (NAFEM).

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US customs seizes undeclared $68k cash from Nigeria-bound family  

    US customs seizes undeclared $68k cash from Nigeria-bound family  

The United States Customs and Border Protection (CBP) officers, on Thursday, seized $68,000 from a Nigeria-bound family who lied about the value of cash in their possession.  The confiscation was

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Naira falls to N1,175/$ at parallel market

  Naira falls to N1,175/$ at parallel market

The naira, on Thursday, depreciated to N1,175 per dollar at the parallel section of the market.  The rate is a

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Naira depreciates by N10 to N1,160/$ at parallel market

  Naira depreciates by N10 to N1,160/$ at parallel market

The naira, on Thursday, weakened to N1,160 per dollar at the parallel section of the foreign exchange (FX) market. The

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Naira shrinks to N1,135/$ at parallel market

  Naira shrinks to N1,135/$ at parallel market

The naira on Wednesday weakened to N1,135 per dollar at the parallel section of the foreign exchange (FX) market. The

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Naira strengthens, trades at N736/$ at I&E window

  Naira strengthens, trades at N736/$ at I&E window

The naira, on Thursday, appreciated to N736.62 per dollar at the investors and exporters (I&E) window. The I&E window is

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Breaking free from dollar dependency: Adopting PAPSS for intra-African trade

  Breaking free from dollar dependency: Adopting PAPSS for intra-African trade

BY ODEWALE ABAYOMI At a recent forum on the African Continental Free Trade Area (AfCFTA) in Nairobi, Kenya, the Kenyan

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Report: Businesses suffer as dollar shortage hits Egypt

  Report: Businesses suffer as dollar shortage hits Egypt

Egypt is faced with a foreign exchange crisis that has affected businesses, Financial Times is reporting.  Importers have been adversely

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