Dr. Olutayo Obadina, a financial expert, has asserted that the Nigerian government's decision to float the Naira is the primary cause of citizens' current economic hardship, rather than the removal ...
On October 4, 2024, the naira appreciated against the U.S. dollar, closing at N1,631.21 in the official Investor and Exporter (I&E) window. This increase coincides with global crude oil prices ...
The Naira closed September 2024 at N1,541 per dollar on the official NAFEM window, showing slight improvement compared to July and August. However, on the parallel market, the Naira fell ...
The Naira has depreciated, falling to N1,658.48 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). According to data from the FMDQ, the indicative exchange rate for NAFEM rose ...
The Nigerian naira has shown signs of recovery, appreciating to N1,541.52 against the US dollar at the official Investor and Exporter (I&E) window on September 20, 2024. This marks a 0.16% gain from the previous ...
The Nigerian naira is hovering around the N1,650/$ mark in the black market. Concerns over the U.S. economy’s growth outlook led to a mild loss for the haven currency in ...
On Thursday, the naira stabilised at N1,600 per dollar in the parallel market. However, the naira appreciated to N1,570.14 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data ...
The federal, state, and local governments in Nigeria collectively earned around N2.74 trillion in revenue from exchange gains during the first six months of 2024. Data from the Federation Account ...
The naira depreciated to a new low in July, closing at N1,563.80/$1 on Friday, July 12, 2024, after a brief appreciation period the previous day. According to data from the ...
Nigeria’s exchange rate concluded June 2024 at N1,503.3 per dollar, showing a slight 1.3% monthly depreciation. Despite surpassing the psychological threshold of N1,500 per dollar, the exchange rate remained relatively ...
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