Tag: Naira rate

On January 17th, 2024, the Nigerian naira continued its decline against the U.S. dollar, both in the official and parallel markets. At the official market, based on data from the ...

On January 9th, 2024, the Nigerian Naira experienced a significant decline, closing at N1,089.51 per dollar in the official market. This represents a notable depreciation of 27.19% compared to the ...

In a concerning development, the Naira experienced a significant depreciation, reaching an unprecedented low of N1,043.09 against the US dollar in the official foreign exchange market on Thursday. This marks ...

Despite the U.S. dollar index hovering at a five-month low, the Naira remains entrenched at N1233/$ in the black market. The persistent weakness in the U.S. dollar is attributed to ...

In a surprising turn of events, the Nigerian naira has experienced a remarkable rally against the US dollar, sending shockwaves across various markets. This rally represents a significant setback for ...

The Chair of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that the federal government aims to achieve a dollar exchange rate of N750 per ...

The Nigerian naira has taken a significant hit in its ongoing decline, reaching a concerning low of N1,210 against the U.S. dollar in the parallel market. This drastic depreciation, as ...

On Friday, March 17, the Naira depreciated against the US dollar in the Peer-2-Peer (P2P) and black parallel market segments of the foreign exchange (FX) market, but closed stronger in ...

On Tuesday, March 14, the Naira fell against the US dollar in the various segments of the foreign exchange (forex) market . In the P2P segment, traders exchanged their local ...

The Naira lost ground against the US dollar in the parallel market and peer-to-peer (P2P) windows of the foreign exchange (forex) market as scarcity of the local currency worsened, sparking ...