Naira rises to N1,530/$ in Parallel market
The naira has risen to N1,530 per dollar in the parallel market, improving from last week’s rate of N1,535 per dollar. However, in the Nigerian Foreign Exchange Market, it dropped slightly, trading at N1,513 per dollar compared to N1,511.5 last week, showing a small decline of N1.5. Data from the Central Bank of Nigeria confirmed […]
Naira slides to N1,550/$ in parallel market
The Naira continued its decline on Tuesday, August 26, closing at N1,550 per dollar in the parallel market, down from N1,540 per dollar recorded on Monday. In the official Nigerian Foreign Exchange Market, the local currency also weakened slightly, trading at N1,537 per dollar compared to N1,536.99 per dollar the previous day, according to the […]
Naira rises to ₦1,620/$ in Parallel market
The value of the naira fell to ₦1,620 for every US dollar in the parallel market at the close of business on Tuesday, June 3. This is a drop from ₦1,610 per dollar recorded the day before, on Monday. However, the naira gained a little strength in the official Nigerian Foreign Exchange Market (NFEM). It […]
Naira Appreciates To ₦1,530/$ In Parallel Market
The Nigerian Naira showed mixed performance in the foreign exchange market today. It appreciated in the parallel market, trading at ₦1,530 per dollar, an improvement from ₦1,540 per dollar on Thursday. However, in the Nigerian Foreign Exchange Market (NFEM), the Naira depreciated to ₦1,502.5 per dollar, down from ₦1,496 per dollar the previous day. This […]
Naira Rises to N1,680 per Dollar in Parallel Market
On Monday, October 14, 2024, the Naira strengthened to N1,680 per dollar in the parallel market, improving from N1,690 per dollar over the weekend. This increase shows a positive shift in the currency’s value in the unofficial exchange market. In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira also saw significant gains. According to […]