Tag: Naira/Dollars

Naira weakens as dollar extends gains against top currencies

AOOMS

Naira depreciated against the U.S dollar at the Investors & Exporters (I&E) window of the foreign exchange market on Thursday, data posted on the FMDQ Security Exchange webpage where currencies are officially traded showed. The local unit closed at N394.33 at the Thursday trading session, representing N0.08 or 0.02 per cent decrease from N394.25, the rate at which it closed at the previous session.

Naira remains stable at ₦394.67/$1 across forex markets as external reserve continues to rise.

AOOMS

On January 15, 2021, the exchange rate between the naira and the dollar remained stable to close at N394.67/$1 at the NAFEX (I&E Window) where forex is traded officially. This is exactly the same rate that was recorded the previous trading day, 14 January 2021.