Floating of Naira Caused Hardship for Nigerians, Not Subsidy Removal – Expert
Dr. Olutayo Obadina, a financial expert, has asserted that the Nigerian government's decision to float the Naira is the primary ...
Sunday, December 22, 2024
Tag: Naira rate
Naira Gains 1.69% in I&E Window as Global Oil Prices Approach $80
On October 4, 2024, the naira appreciated against the U.S. dollar, closing at N1,631.21 in the official Investor and Exporter ...
Naira Ends September at Lowest Exchange Rate in Seven Months on Parallel Market
The Naira closed September 2024 at N1,541 per dollar on the official NAFEM window, showing slight improvement compared to July ...
Naira Depreciates to N1,658/$ in NAFEM
The Naira has depreciated, falling to N1,658.48 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). According to data ...
Naira Appreciates to N1,541.52 at I&E Window: Positive Economic Developments Drive Currency Strength
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) ...
Naira Trades Near N1,650/$ in the Black Market
The Nigerian naira is hovering around the N1,650/$ mark in the black market. Concerns over the U.S. economy’s growth outlook ...
Naira stable at N1,600/$ in parallel market
On Thursday, the naira stabilised at N1,600 per dollar in the parallel market. However, the naira appreciated to N1,570.14 per ...
Weak Naira Adds N2.74 Trillion to Government Revenue in Six Months
The federal, state, and local governments in Nigeria collectively earned around N2.74 trillion in revenue from exchange gains during the ...
Exchange Rate Falls to July Low of N1,563.8/$1 Despite Central Bank FX Sales
The naira depreciated to a new low in July, closing at N1,563.80/$1 on Friday, July 12, 2024, after a brief ...
Nigeria’s exchange rate depreciates by 40% in first half of 2024, despite forex reforms
Nigeria’s exchange rate concluded June 2024 at N1,503.3 per dollar, showing a slight 1.3% monthly depreciation. Despite surpassing the psychological ...
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