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Category: Exchange Rates

NGX
English, Exchange Rates

NGX records first loss in 2025 as investors shed N152bn

Posted onJanuary 8, 2025January 8, 2025

The Nigerian Exchange market recorded its first loss in 2025 as investors shed N152 billion following sell-offs of Tier-one banking stocks. The market capitalisation, which …

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English, Exchange Rates

Business! Naira weakens in the parallel market to N1,635

Posted onSeptember 3, 2024September 3, 2024

The Naira yesterday depreciated to N1,635 per dollar in the parallel market from N1,625 per dollar last weekend. However, the Naira yesterday appreciated to N1,585.77 …

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English, Exchange Rates

GIABA: Anti-money laundering report rates Nigeria high

Posted onJune 14, 2024June 14, 2024

GIABA says Nigeria recorded significant achievements in its war against money laundering and terrorism financing in 2023. GIABA, an inter-governmental action group against money laundering …

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English, Exchange Rates

Naira static at N1,339.33 against dollar at official market

Posted onMay 28, 2024May 28, 2024

The Naira on Tuesday traded at same rate of N1,339.33 to a dollar at the official market. Data from the official trading platform of the …

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English, Exchange Rates

Naira rebounds, gains N28.15 against dollarNaira witnessed a steady fall about two weeks ago by exchanging at N1,419 to a dollar.

Posted onMay 1, 2024May 1, 2024

The naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 to …

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English, Exchange Rates

Exchange Rates: How the Naira Compares to the US Dollar

Posted onApril 26, 2024April 26, 2024

Nigerian currency, Naira continued its fall against the American dollar at the official window as the domestic currency traded at N1,309.88/$1. This is according to …

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English, Exchange Rates

BDCs refute viral allegations that a dollar is sold for N1,000/$1.

Posted onMarch 27, 2024March 27, 2024

From AAminu Bala Madobi Disputing the circulating rumours on X (formerly Twitter), Bureau De Change operators have refuted claims that the dollar is now being …

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English, Exchange Rates

Why naira is firming against dollar at FX market: ABCON

Posted onNovember 5, 2023November 5, 2023

It is a good development as it is a greater risk to speculate, hoard and substitute naira for other currencies,” said ABCON’s President, Mr Aminu …

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