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Tag: Naira/Dollar

Categories Crypto Trading Tips

Naira drops 5.6% against dollar

  • Estimated read time 3 min read
  • June 1, 2024

The Nigerian currency ended the month weaker, despite a monthly decline in the dollar index. Data from the FMDQ revealed that the naira posted a monthly loss of more than five per…

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Categories Crypto Trading Tips

Naira appreciates against dollar at forex market

  • Estimated read time 1 min read
  • May 30, 2024

The Naira on Wednesday appreciated against the dollar at the official foreign exchange on the first anniversary of President Bola Tinubu in office. FMDQ data showed that the Naira appreciated to N1329.65…

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Categories Crypto Trading Tips

Naira opens at N1,520 on black market – May 28, 2024

  • Estimated read time 1 min read
  • May 28, 2024

The foreign exchange (FX) market opened on Monday, with the naira exchanging with the dollar at N1,520 on the parallel market, also known as black market. This represents 1.32 percent depreciation over…

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Categories Crypto Trading Tips

Naira/Dollar exchange (May 23rd 2024) Dollar keeps winning

  • Estimated read time 1 min read
  • May 23, 2024

1United States Dollar equals 1,447.50 Nigerian Naira The naira stayed around a key support line in the country’s unofficial market as analysts expect Nigeria’s apex bank to increase interest rates later today.…

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Categories Crypto Trading Tips

Naira drops against dollar N1,432.50 (22nd May 2024)

  • Estimated read time 1 min read
  • May 22, 2024

1 United States Dollar equals 1,432.50 Nigerian Naira. The Nigerian naira had earlier in the week showed positive signs but now, it’s losing its clout against the dollar.

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Categories Crypto Trading Tips

Naira / Dollar inter-bank exchange rate 22nd May 2024

  • Estimated read time 1 min read
  • May 22, 2024

The naira is still fighting hard against the dollar. It has made a small improvement overnight as the rate dropped from N1,420.50 to N1,418.50 this morning. Therefore, Naira grew by N2.00 against…

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Categories Crypto Trading Tips

Dollar Demand: Naira closes 1,402/$ at official market

  • Estimated read time 1 min read
  • May 3, 2024

The naira traded at a loss at the official market, depreciating to N1,402 against the United States dollar on Thursday. According to data from the FMDQ exchange securities, the naira dropped by…

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