dollar

  • economy

    Naira depreciates by 0.86% against dollar at official market

    The Naira on Monday depreciated at the official market, trading at N1,577.29 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N13.49. This represents 0.86 per cent loss when compared to the previous trading date on Friday, July 12 when…

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  • Defence

    Naira appreciates against dollar by 0.02%

    The Naira on Monday slightly appreciated at the official market trading at N1,483.62 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained 37 kobo. This represents a 0.02 per cent gain when compared to the previous trading date on Friday…

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  • economy

    Naira depreciates by 0.16% against dollar at official market

    The Naira on Friday recorded loss at the official market, trading at N1,483.99 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N2.50. This represents a 0.16 per cent loss when compared to the previous trading date on Thursday, trading …

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  • economy

    Naira depreciates by 0.05% against dollar at official market

    Naira depreciates by 0.05% against dolThe Naira on Tuesday recorded loss at the official market, trading at N1,476.95 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the Naira lost 83 kobo. This represents a 0.06 per cent loss when compared to the previous trading date on Monday when it traded at N1,476.12 to…

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  • economy

    Naira appreciates by 0.2% against dollar

    The Naira closed the week on a positive note, trading at N1,400.40 against the dollar, according to data from the FMDQ Exchange. The Naira gained N2.27, representing a 0.16 per cent increase when compared to Thursday’s exchange rate of N1,402.67. However, the total daily turnover reduced to 201.88 million dollars on Friday, down from 232.84 million dollars recorded on Thursday.…

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  • economyYuan weakens to 7. 1064 against dollar

    Yuan weakens to 7.1064 against Dollar

    The central parity rate of the Chinese currency renminbi, or yuan, weakened 46 pips to 7.1064 against the dollar on Friday, according to the China Foreign Exchange Trade System. The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business…

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  • economyYuan strengthens 7.1030 against Dollar

    Yuan strengthens 7.1030 against Dollar

    The central parity rate of the Chinese currency renminbi, or yuan, strengthened 38 pips to 7.1030 against the dollar on Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day. The central parity rate of the…

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  • economyCBN floats naira at investors’ forex window

    Naira strengthens to N1,440/$ in parallel market

    The naira saw an uptick, reaching N1,440 per dollar on Friday, compared to Thursday’s rate of N1,450 per dollar. Additionally, it experienced appreciation to N1,435.53 per dollar in the Nigerian foreign exchange market. Data from FMDQ on Friday showed that the indicative exchange rate for NAFEM fell to N1,435.53 per dollar from N1,461.9 per dollar on Thursday, indicating N26.37 appreciation…

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  • FinanceChinese Yuan weakens to 7 against dollar — Business — The Guardian Nigeria News – Nigeria and World News

    Chinese Yuan Weakens Against the Dollar in Central Parity Rate Adjustment

    Beijing, January 12, 2024: The central parity rate of the Chinese currency, the renminbi, commonly known as the yuan, exhibited a 32-pip weakening against the dollar on Thursday, reaching 7.1087, as reported by the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is permitted to fluctuate within a two percent range, either appreciating or depreciating from…

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  • Featured

    Naira drops to N461.50 against dollar

    The Naira depreciated against the dollar on Monday, exchanging N461.50 at the investors’ and exporters’ window. The rate represented a decrease of 0.04 per cent when compared to the N461.33 for which it exchanged to the dollar before the close of business on on March 24. The open indicative rate closed at N461.75 to the dollar on Monday. An exchange…

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  • Featured

    Chinese Yuan strengthens to 6.8715 against dollar

    The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 48 pips to 6.8715 against the dollar on Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan was  allowed to rise or fall by two per cent from the central parity rate each trading day. The central parity rate…

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  • Featured

    Naira slightly loses against dollar, exchanges for N461.67

    The Naira on Tuesday exchanged at N461. 67 to the dollar at the Investors and Exporters window. The figure represented a depreciation by 0.15 per cent, compared to the N461 it exchanged rate on Monday. The open indicative rate closed at N461.25 to the US dollar on Tuesday. An exchange rate of N462.50 to the dollar was the highest rate…

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  • Featured

    Naira gains further, exchanges at N461.10 to dollar

    The Naira on Thursday exchanged at 461.10 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.02 per cent compared with the 461.17 it exchanged on Wednesday. The open indicative rate closed at N461.25 to the dollar on Thursday. An exchange rate of N462 to the dollar was the highest rate recorded within the…

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  • economyThe naira on Monday exchanged at 446 to the dollar at the Investors and Exporters window.

    Naira gains slightly by 0.11%

    The naira on Monday exchanged at 446 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.11 per cent, compared with the 446.50 it exchanged at the close of business on Dec. 9. The open indicative rate closed at N445.20 to the dollar on Monday. An exchange rate of N450 to the dollar was…

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  • NEWSThe naira on Monday exchanged at 446 to the dollar at the Investors and Exporters window.

    One pound exchanges for N700, as Naira moves towards 500 per dollar

    On Tuesday, the naira took a significant battering, falling to new lows against the British pound, Euro and U.S dollar in the black market. Data from AbokiFX, a website that tracks black-market rate in Lagos shows, that naira dropped considerably in value by N10 against the British pound, trading at N700/£1 as opposed to N690/£1 on Monday. The crashing of…

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  • NEWS

    I’ll make Naira equal in value to dollar – Buhari

    The All Progressives Congress presidential candidate, General Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office. Buhari stated this during the South East presidential rally of the party at Dan Anyima Stadium, Owerri, Imo State. He said: “It is sad that the value of the naira has…

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