, two weeks after CBN promise to clear $10 billion backlog The exchange rate between the naira and dollar quoted for around N1000/$1 on Wednesday evening has forex traders continued to grapple with dollar scarcity. Nairametrics reported on Wednesday that the exchange rate had weakened to N983/$1 in the afternoon, however, several social media reports |
September 20, 2023. Azonuchechi Chukwu. The Nigerian Naira at the different segments of the foreign exchange (FX) market on Tuesday depreciated against the US Dollar at the close of business. The domestic currency lost N2.62 or 0.34 per cent on the greenback in the spot market yesterday to close at N776.60/$1 compared with the preceding |
August 9, 2023. Azonuchechi Chukwu. Nigerian Naira on Tuesday appreciated against the dollar, exchanging at N757.51 at the Investors and Exporters window. The Naira gained by 2.23 per cent when compared with N774.78 for which it exchanged for the dollar on Monday. The open indicative rate closed at N782.59 to the dollar on Tuesday. A |
August 8, 2023. Azonuchechi Chukwu. Nigerian Naira depreciated at the official market, which is the Investors and Exporters (I&E) segment of the foreign exchange (FX) market, as it weakens against the US Dollar on Monday, August 8 the Domestic currency lost 4.3 per cent or N31.71 against the American Dollar to trade at N774.78/$1 compared |
August 7, 2023. Azonuchechi Chukwu. Nigerian Naira on Friday closed stronger against the American Dollar gaining 4.3 per cent or N33.43 at the Investors and Exporters (I&E) segment of the foreign exchange market to sell at N743.07 versus the N776.50/$1 it closed on Thursday. Data from FMDQ Securities Exchange showed that trades worth $121.08 million |