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Tag Archives: Central Bank of Nigeria

Naira Depreciates Against USD At Forex Market

FOR the first time since last week, the Naira depreciated marginally against the US dollar on the foreign exchange market on Tuesday. Data from FMDQ showed that the Naira dropped to N1,615.94 per USD on Tuesday from N1,582.94 on Monday. This represents an N30 or 2.0 per cent depreciation compared …

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Naira Appreciates Further To N1,650/$ At Parallel Market

AT the parallel section of the foreign exchange market, the naira, on Monday, appreciated further to N1,650 per dollar.  Newsextra24 learnt that Naira appreciated by 6.78 percent, representing N120 drop compared to the N1,770/$ traded on February 23, 2024. Bureau De Change operators (BDCs) in Lagos put the buying price of the …

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