Naira gains N28.85 against dollar at official market …C0NTINUE READING HERE >>> The Naira on Thursday appreciated at the official market trading at N1,658.67 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N28.85. This represents a 1.7 per cent gain, compared to the … Read more
Despite hardship, CBN raises Nigeria Customs Duty …C0NTINUE READING HERE >>> Despite the hardship ravaging Nigeria , the Central Bank of Nigeria (CBN) has adjusted the Customs duty exchange rate for clearing goods at the nation’s ports to N1,658.87 per dollar. This change, effective Monday, November 18, reflects a 0.37% increase from … Read more
Naira depreciates further against dollar despite increased turnover …C0NTINUE READING HERE >>> Nigeria’s local currency, the Naira, recorded a slight depreciation on Friday, trading at ₦1,652.25 against the American U.S. dollar at the official market. This marks a loss of ₦2.05 or 0.12% compared to Thursday’s exchange rate of ₦1,650.20 per dollar, according to data … Read more
Naira Nosedives to N1,700/$ at parallel market, lowest level in 7 …C0NTINUE READING HERE >>> The naira nosedived to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading hours, the naira depreciated by 1.49 percent compared to the N1,675/$ traded on Thursday. The N1,700 … Read more
CBN approves $20,000 for eligible BDCs at N1,580 exchange rate …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at the rate of N1,580 to a dollar. Advertisement This is according to a statement issued by Dr Williams kanaya, the Acting … Read more
Naira Records Gain Against US Dollar As FX Turnover Increases …C0NTINUE READING HERE >>> The naira has appreciated against the US Dollar. Newsone Nigeria reports that Nigeria’s official legal tender, the naira recorded its first gain against the dollar on the foreign exchange market on Tuesday, August 27, 2024, as FX transaction turnover increased. The FMDQ data … Read more