dollar
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economy
Naira further gains by 0.78% against Dollar at official market
The Naira further appreciated at the official market on Wednesday, trading at N1,510.72 to a dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the local currency gained N11.96. This represented a 0.78 percent gain, compared to the trading figure on Tuesday, when the Naira closed trading at N1,522.68 to the dollar. Trading…
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economy
Yuan strengthens 7.1216 against dollar
The central parity rate of the Chinese currency, renminbi, or the yuan, strengthened 33 pips to 7.1216 against the dollar on Wednesday. This is 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 per cent from the central parity rate each trading day. The central…
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economy
Yuan strengthens 7. 1228 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 79 pips to 7.1228 against the dollar on Thursday. This is 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…
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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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economy
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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economy
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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economy
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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Finance
Chinese Yuan Weakens Against the Dollar in Central Parity Rate Adjustment
Beijing, January 12, 2024:Â 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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economy
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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