Thursday, May 16, 2024
MARKET UPDATE
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TheCable

Tag "Naira to dollar rates"

With N3 difference, parallel/official FX rates near convergence

    With N3 difference, parallel/official FX rates near convergence

The naira depreciated to N1,470 per dollar at the parallel section of the foreign exchange (FX) market on Friday. The current FX rate represents a 1.38 percent depreciation from the

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Naira trades at N1,348/$ at official market — highest rate ever

    Naira trades at N1,348/$ at official market — highest rate ever

The naira, on Monday, closed at N1,348.63/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM), known as the official window. NAFEM recorded its highest closing rate after the naira depreciated

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Naira continues free fall, trades at N1,425 at parallel market

    Naira continues free fall, trades at N1,425 at parallel market

The naira, on Friday, continued its free fall, dropping to N1,425 at the parallel section of the foreign exchange market. The current FX rate represents a 0.71 percent or N10

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