LAGOS OCTOBER 25TH (NEWSRANGERS)-The Naira today depreciated to N1,740 per dollar in the parallel market from N1,739 per dollar on Thursday. However, the Naira appreciated to N1,601.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,600 per dollar from N1,601.2…
LAGOS DECEMBER 5TH (NEWSRANGERS)-The Naira, on Monday, depreciated to N1,170 per dollar in the parallel market from N1,166 per dollar last week Friday. However, the Naira appreciated to N837.77 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N837.77 per dollar from…
LAGOS MAY 27TH (NEWSRANGERS)-Nigeria’s currency weakened in the parallel market to the lowest level in a year on expectations of a possible change in exchange-rate management after Bola Tinubu takes office as president on Monday. The naira dropped to 775 per dollar on Friday from 762 the previous day in the unauthorized market in Lagos,…
LAGOS SEPTEMBER 3RD (NEWSRANGERS)-The naira yestaerday traded at all time low of N530 to dollar at the parallel market. The naira also dropped among other major currencies as it exchanged at N620/Euro, N720/ British Pounds Sterling. Also, the Central Bank of Nigeria (CBN) yesterday lifted Post No Debit (PND) order it placed on 33 Bureaux…
LAGOS JULY 11TH (NEWSRANGERS)-The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in the previous week and at N490 a month earlier. According to naijabdcs.com, the Central Bank of Nigeria’s official rate for the…
LAGOS JUNE 2ND (NEWSRANGERS)-The foreign exchange (Forex) market in Nigeria was thrown into a panic mood on Monday when the value of the Naira significantly depreciated against the Pound Sterling at the parallel market. Business Post reports that the Naira lost N10 against the British currency at the unregulated segment of the FX market to…
LAGOS DECEMBER 6TH (NEWSRANGERS)-Forex turnover rose sharply by 173.3%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N395/$1 during intra-day trading on Thursday, December 3. Also, the Naira appreciated significantly against the dollar, closing at N470/$1 at the parallel market on Thursday, December 3, 2020, as the…