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Tag: Dollar
Naira tumbles to N1,234/$ at official market, speculators resume hoarding
The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.…
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Sell dollar in your possession, Oluwo charges rich Nigerians
The Oluwo of Owo, Oba Abdulrosheed Akanbi, has challenged wealthy Nigerians to demonstrate patriotism by selling dollars in their possession. Oba Akanbi who blamed the hike in the naira-dollar exchange…
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Naira appreciates further to N1382 per dollar as presidency warns speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to…
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Excitement As CBN Begins Sales Of Dollars To BDCs
The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than…
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Why Tinubu’s Govt Should Regulate Diesel, Dollar – NOGASA
Nigerian Gas and Oil Suppliers Association (NOGASA) has urged Federal Government to regulate price of Automotive Gas Oil (AGO) diesel, by sealing its pump price like that of petrol. National…
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Naira slumps to N1,043 at official market
The Nigerian Naira reached a new low on Thursday, closing at N1,043.09 per dollar in the official market. The domestic currency depreciated by 16.35% to close at N1,043.09 to…
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For the second time in a week, the value of the Naira falls against the dollar.
The naira, Nigeria’s currency, depreciated against the US dollar on Wednesday at the foreign exchange market. Official data from FMDQ showed that the country’s currency depreciated to N840.53 against the dollar…
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FG Will Shock Speculators Hoping Dollar Value Will Increase Against Naira – VP Shettima
The vice president asserts that Tinubu has far more forward-thinking ideas than currency speculators. Vice President, Kashim Shettima has assured that the new monetary policies rolled out by his…
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Naira Depreciates to N1040 Per Dollar on the Exchange Market
The parallel market exchange rate for the naira is now N1040. The depreciation, according to Forex dealers who spoke with Nairametrics, is the result of heightened scarcity, with the influx…
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Dollar Value Drops To N930 Per Naira
On Thursday, the parallel market, an illegal foreign currency market, saw the naira drop to N930 to the dollar. The reason for this is because Nigerian banks are unable to…
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