English>
Your daily Naira exchange rate

Market News

Naira depreciates to N1,560/$ in parallel market - VANGUARD

JULY 11, 2024

By Elizabeth Adegbesan

The Naira yesterday depreciated to N1,560 per dollar in the parallel market from N1,535 per dollar on Tuesday.

Similarly, the Naira depreciated to N1,561.98 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

I want people to remember the Emirate as a symbol of dignity and peace —Film maker, Zainab Bayero

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,561.98 per dollar from N1,532.58 per dollar on Tuesday, indicating N29.4 depreciation for the naira. Consequently, the margin between the parallel market and NAFEM rates narrowed to N1.98 per dollar from N2.42 per dollar on Tuesday.

MARKET NEWS

October 23 Naira drops by N52 against dollar in 48 hours as FX supply plunges - DAILY POST October 23 Nigeria’s Naira showing signs of stability — IMF - NIGERIAN TRIBUNE October 23 Bank of Canada expected to deliver jumbo interest rate cut this morning- YAHOO FINANCE October 23 Cocoa Futures Extend Slide as Ivory Coast Harvest Picks Up - BLOOMBERG October 23 IMF downgrades Nigeria’s growth prospect to 2.9% - DAILY TRUST October 23 FX issues, others deepen foreign apathy for stocks as patronage dips by 27.9% - THE GUARDIAN October 23 N250bn debt: FG keeps mute as telcos threaten to stop USSD services -DAILY TRUST October 23 US Election Creates ‘High Uncertainty’ for Fragile Markets, IMF Says - BLOOMBERG October 23 Nigerian Court Releases Binance Executive Jailed Since February - BLOOMBERG October 23 Sterling hits fresh two-month low against dollar - REUTERS October 23 World Bank Warns About Non-Performing Loans In Nigerian Banks Reaching 5.1%, Above Pr... (read more) October 23 Fed outlook lifts dollar to 2-1/2-month peak; yen wallows at 152 - REUTERS October 23 Bank of Canada in Position to Accelerate Rate Cuts: Decision Guide - BLOOMBERG October 23 China’s Capital Inflow Jumps in September as Firms Shift to Yuan - BLOOMBERG October 23 Turkey Eyes Niger Mining Projects Amid Competition for Uranium - BLOOMBERG October 23 Canadian dollar edges higher on calmer bond market - REUTERS October 23 South Africa’s inflation falls slightly more than expected in September - REUTERS October 23 African progress backslides as coups and war persist - REUTERS October 23 Nigeria needs high oil production to alleviate FX pressure, says Edun -BUSINESSDAY October 23 FG Plans Increase In Oil Prod. To Ease FX Inflow, Stabilise Naira - INDEPENDENT October 23 Spotify hikes fee to N1,300/month on weaker naira - BUSINESSDAY October 23 African Markets – Factors to watch on Oct 23 - REUTERS October 23 South Korean finance minister views dollar-won near 1,400 as new normal, Yonhap reports - REUTERS October 23 Nigeria’s weaker-than-expected activity drags SSA economic growth — IMF - BUSINESSDAY October 23 Dollar hits to 2-1/2-month peak as US rates, election eyed - REUTERS October 23 Sterling dips on dollar, eyes on Governor Bailey's speech - REUTERS October 23 World Bank: Nigeria lost N13trn to FX subsidy in 3 years - THE CABLE October 23 Naira-for-crude: Dangote gets NNPCL’s first supply - PUNCH October 23 Nigeria still borrowing amid high debt costs – IMF - PUNCH October 23 Gold glitters as US election nerves grow, strong dollar dents stocks - REUTERS

SEE HOW MUCH YOU GET IF YOU SELL

NGN
© 2024 abokiFX | All Rights Reserved
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics