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Tag: Dollars
Naira strengthens by 7.43% to N1750 against dollar at the black market
The Nigerian naira depreciated to N1675.49 and N1750 against the dollar at the official and parallel foreign exchange markets respectively at the close of trading on Thursday, October 1. The…
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USD/NGN exchange rate appreciates massively
The Naira appreciated massively against the dollar upon resumption of trading at the official market on Monday. FMDQ data showed that the Naira appreciated to N1500.32 to the dollar on…
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Naira sells below 1,280/$ at official, parallel markets
The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase…
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CBN To Banks: You Must Sell Excess Dollars In 24 Hours
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1,…
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