Home Tags Naira

Tag: Naira

Naira diminishes as turnover increases in forex market

Forex …Cost of funds trend low By Babajide Komolafe & Elizabeth Adegbesan THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market grew by 26 per cent, month-on-month, to $5.3 billion in November from $4.2 billion in October, 2019. This represents the first monthly increase in the monthly…

Naira costs N363 to dollar at parallel market

The Naira on Thursday exchanged at N363 to the dollar at the parallel market in Lagos, the News Agency of Nigeria(NAN) reports. Naira-Dollar The Pound Sterling and the Euro closed at N470 and N415, respectively. At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling…

Naira down to N36389/$ in I&E window

By Elizabeth Adegbesan The Naira, yesterday, depreciated to N363.89 per dollar in the Investors and Exporters (I&E) window due to a 53 percent decline in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window rose to N363.89 per dollar yesterday from N363.6 per dollar last week Friday,…

Naira steady at N360 to dollar at parallel market

The naira remained stable against the dollar at the parallel market in Lagos on Friday, still exchanging at N360 to the dollar. The naira was, however, traded against Pound Sterling and the Euro at N478 and N417, respectively. Naira At the Bureau De Change (BDC),  the naira was sold at N360 to the dollar, while…

MOST POPULAR

HOT NEWS