By Adedapo Adesanya The Naira recorded a 19.5 per cent or N170.50 loss against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) segment of the foreign exchange (FX) market on Thursday, selling at N1,043.09/$1 compared with the previous day’s rate of N872.59/$1. The Nigerian currency witnessed this significant loss after the supply… Continue reading Naira Now N1,043/$1 at Official Market as FX Supply Shrinks 39.5%
Tag: dollar to naira black market
Naira Crumbles to N1030 at Black Market, N1,028/$1 at P2P, N776.80/$1 at I&E
By Adedapo Adesanya The Nigerian Naira weakened on the American Dollar in the Investors and Exporters (I&E), the black market, and the Peer-to-Peer (P2P) windows of the foreign exchange (FX) market on Wednesday, October 11. In the I&E segment of the market, the Naira lost N10.97 or 1.4 per cent against the US Dollar yesterday… Continue reading Naira Crumbles to N1030 at Black Market, N1,028/$1 at P2P, N776.80/$1 at I&E
Naira Sells N1020/$1 at Peer-to-Peer as Cardoso Gets Senate Nod
By Adedapo Adesanya The confirmation of the new Central Bank of Nigeria (CBN), Mr Yemi Cardoso, and four deputies, generated mixed reactions in the foreign exchange (forex) market on Tuesday. Business Post reports that while it did magic in the Investors and Exporters (I&E) window, it could not replicate this in the Peer-to-Peer (P2P) and… Continue reading Naira Sells N1020/$1 at Peer-to-Peer as Cardoso Gets Senate Nod
Naira Firms at Official Market, Slacks at Parallel Market
By Adedapo Adesanya The Naira had a mixed outcome against the US Dollar at the different segments of the foreign exchange (forex) market on Thursday, as the market got a breather following the conclusion of a tribunal that affirmed that President Bola Tinubu was the winner of the 2023 general election, throwing out petitions from… Continue reading Naira Firms at Official Market, Slacks at Parallel Market
Naira Loses 1.01% at Official Market, Sells N926/$1 at P2P
By Adedapo Adesanya The Naira depreciated on the US Dollar at the Investors and Exporters (I&E), the parallel market, and the Peer-to-Peer (P2P) segments of the foreign exchange (FX) market on Monday, September 4. During the trading day, the local currency lost 1.01 per cent or N7.49 against the US currency in the official market… Continue reading Naira Loses 1.01% at Official Market, Sells N926/$1 at P2P
Naira Gains 2.93% to N740/$1 at Official Market Amid Boost in FX Supply
By Adedapo Adesanya The Naira closed the last trading day of the week stronger on the US Dollar at the Investors and Exporters (I&E) window segment of the foreign exchange (forex) market but depreciated in the Peer-2-Peer (P2P) and parallel market. It was the first trading session in September and the local currency gained 2.93… Continue reading Naira Gains 2.93% to N740/$1 at Official Market Amid Boost in FX Supply
Naira Weakens by 3.32% at Official Market, Gains at P2P
By Adedapo Adesanya The Naira depreciated against the US Dollar by 3.32 per cent or N24.53 in the Investors and Exporters (I&E) segment of the foreign exchange (FX) market on Thursday, August 31. Pressure mounted on the Nigerian currency yesterday in the official market, weakening its value to N762.71/$1, in contrast to the previous day’s… Continue reading Naira Weakens by 3.32% at Official Market, Gains at P2P