World Bank Says Naira Is Among Worst Performing Currencies in Africa …C0NTINUE READING HERE >>> According to the World Bank, Naira is among Africa’s worst-performing currencies. Newsone Nigeria reports that Nigeria’s official legal tender, the Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. This online news platform understands that … Read more
Naira looses N63.37 against dollar …C0NTINUE READING HERE >>> The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar. Data from the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N63.37. This represents a 4.05 per cent loss when compared … Read more
FG commences sales of crude oil in Naira to Dangote, others …C0NTINUE READING HERE >>> The Nigerian government has officially begun selling crude oil and refined petroleum products in naira to Dangote Refinery and other local refining companies. This initiative is part of President Tinubu‘s administration’s strategy to promote long-term economic growth and self-sufficiency. This … Read more
Naira depreciates by 8.24% against dollar …C0NTINUE READING HERE >>> The Naira on Wednesday depreciated at the official market, trading at N1,669.15 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 N127.21. This represents an … Read more
Naira slumps to N1,669.15 per USD at official market …C0NTINUE READING HERE >>> The Naira on Wednesday depreciated at the official market, trading at N1,669.15 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 … 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
Naira gains 2.24% against Dollar at official market …C0NTINUE READING HERE >>> The Naira on Friday appreciated at the official market, trading at N1,540.78 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 N35.32. This … 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
Tinubu Government Announces Date To Start Crude Oil Sales In Naira To Dangote …C0NTINUE READING HERE >>> The Tinubu Government has announced the official date to start crude oil sales in Naira to the Dangote Refinery. Newsone Nigeria reports that the Federal Government has disclosed that sales of crude oil to Dangote Refinery and other local refineries … Read more
Again, Naira strengthens against dollars …C0NTINUE READING HERE >>> The naira continued its appreciation against the dollar in the official foreign exchange market on Monday. According to FMDQ data, the naira gained N3.21, trading at N1,570.99 per dollar on Monday compared to N1,574.20 on Friday. This reflects a modest gain of N3.21 against the … Read more