Banking Budgeting Foreign Exchange (Forex) Latest News Planning & Economic Development Revenue Technology

Naira Dips To Record Low, Trades N780/$1 At Black Market

Nigeria’s currency, the Naira, closed its exchange rate against the US dollar at black market on Friday, to trade at N780/$1 and representing 1.96% depreciation when compared with the N765/$1 it traded the preceding day. The latest exchange rate of the local currency marks the highest decline in its exchange value against the greenback since […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Revenue

Again, Naira Depreciates, Trades N765/$1 At Black Market

Nigeria’s currency, the Naira, sustained its depreciative streak in exchange value against the US dollar on Thursday at the parallel market, trading at an average exchange rate of N765/$1, representing 0.26% dip in value when compared to the N763/$1 it exchanged at in previous day’s trading session. Some FX dealers in the Federal Capital Territory […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Revenue Technology

Naira Loses Gain Momentum, Trades N749/$1 At Parallel Market

Nigeria’s currency, the Naira, depreciated against the US dollar in its exchange rate at the parallel market on Thursday, settling at an average exchange rate of N749/$1 and representing a 0.13% decrease compared to its previous day’s exchange rate at N748/$1. Some black market FX dealers in the Federal Capital Territory (FCT) attributed the declining […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Revenue

Naira Closes Week Weak, Trades N746/$1 At Parallel Market

Nigeria’s currency, the Naira, depreciated against the US dollar in its exchange rate on Friday to trade at an average of N746/$1 at the black market, representing a dip in value by 0.13% from N745/$1 that was recorded in the previous trading session. Some BDC traders at the Federal Capital Territory spoken with by our […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Revenue

Naira Appreciates, Trades N738/$1 At Black Market

The Naira appreciated against the US dollar in exchange rate to trade at an average of N738/$1 at the black market on Monday, representing improvement in its exchange value by 0.94%, from the N745/$1 it traded last week Friday. Similarly, the local currency also strengthened its exchange rate for the Pound Sterling to trade at […]