Tag: Exchange rate

Fitch Solutions, a financial intelligence service provider, predicts that the naira will fall to N1,993 per US dollar by 2028. According to a report by the company's subsidiary, BMI Research, ...

The naira is under intense pressure as parallel market operators are quoting a buy price above N1,600/$1 for those looking to buy dollars. As of Thursday, July 18, 2024, platforms ...

The naira-dollar exchange rate hit a six-week low on Monday, closing at N1,490.2/$1, just N10 short of N1,500/$1. This decline, reported by the FMDQ, marks the lowest point since May ...

According to a recent report from Agora Policy, the exchange rate gain component of the monthly FAAC (Federal Account Allocation Committee) allocation rose significantly between May 2023 and April 2024, ...

The naira has seen significant appreciation in the official market, driven by the Central Bank of Nigeria's (CBN) interventions and the anticipation of a $1.3 billion non-deliverable forward (NDF) maturing ...

The official exchange rate between the naira and the dollar in the NAFEM Window dropped significantly to N1,533.99/$1 on Thursday, May 16, 2024. This represents a sharp 4.89% decline from ...

The exchange rate between the Naira and the dollar on the official NAFEM window dropped to N1,520.4/$1 on Tuesday, May 14, 2024. This marks a 2.78% depreciation from the previous ...

The exchange rate between the naira and the dollar plunged to N1,419/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM), marking a disappointing start to the week. This depreciation marks ...

Nigeria's official exchange rate dropped to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024, according to data from the FMDQ, the official trading platform for foreign exchange. This ...

The Centre for the Promotion of Private Enterprise has said that the fluctuating exchange rate has adversely affected container traffic, causing a slowdown in momentum and tempo in the country’s ...