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Gap widens between black market, official window dollar rates

The foreign exchange (Forex) traders closed official forex trading on Monday with one dollar selling at N744.07/$1, dropping from N776.90/$1 reported at the end of Friday's session. This shows the naira appreciated in value, as authorized dealers were willing

Naira To Dollar: CBN Speaks on New Foreign Exchange Market Policy

The Central Bank of Nigeria (CBN) has distanced itself from reports claiming that it has initiated new policy actions in Foreign Exchange Market. Newsmen reports that the apex bank in a statement on Thursday on its official Twitter handle, described the report

Naira Crashes Massively To All Time Low Under President Tinubu

Naira has crashed massively to all time low under President Tinubu administration. Torizone reports that the exchange rate between the naira and dollar hit an all-time low of N999/$1 during trading on October 19th, 2023. This is according to intr-trading data

Canadian Dollar to Naira exchange rates today, October 29, 2023

The exchange rate for the Canadian Dollar (CAD) to the Nigerian Naira (NGN) remains relatively stable in the current economic climate. Financial experts and analysts have observed that the CAD to NGN exchange rate has held firm, with the latest figures indicating

BREAKING: Dollar crashes massively against naira at black market

In a noteworthy development, the exchange rate for the US Dollar has experienced a significant decline against the Nigerian Naira at the black market. The current rates are reported at 1070 Naira for purchasing and 1080 Naira for selling one US Dollar. This

Naira depreciates at forex Markets.

Naira depreciated at both the authorised and unauthorised markets on Thursday to trade at N841.14 and N1,132.00 /$1, respectively. The naira weakened against the United States dollar at the official market on Thursday, after it gained in the previous market

Naira gains against US Dollar at forex market

The naira commenced the week on a positive note as it gained against the US Dollar again on Monday at the foreign exchange market. Official data from FMDQ disclosed that the Naira depreciated to N837.77/$1 on Monday from N927.19/$1 it closed on Friday. This

Naira bounces back, appreciates against US Dollar at forex market

The Country's currency, the Naira, appreciated against the US Dollar on Thursday at the official foreign exchange market. Official data from FMDQ disclosed that the Naira appreciated N843.07/$1 on Thursday from N951.22/$1 on Wednesday. This represents a 108.15

Naira drops against US dollar at forex market

The Naira depreciated against the US dollar on Wednesday at the official foreign exchange market. Official data from FMDQ disclosed that it dropped to N904.56/$1 at the close of work on Wednesday after opening with N871.12/$1. The figure represents a 4.38

BREAKING: Naira hits record low against Euro in black market

The Naira has experienced a historic decline against the Euro, reaching a record low of N1960 per Euro in the parallel market. This represents a significant drop of 5.36% or N105 compared to the previous day's rate of N1,855. The unprecedented depreciation
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