Official Exchange Rate Falls 17.4% in 5 Days, Hits Month-to-Date Low of N1300/$1
Nigeria's official exchange rate dropped to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024, according to data from ...
Monday, December 23, 2024
Tag: Naira
Naira tumbles to N1,234/$ at official market, speculators resume hoarding
The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on ...
CBN Initiates Sale of Fresh Dollars to BDCs at N1,021/$ as Naira Faces Pressure
The Central Bank of Nigeria (CBN) has proactively addressed currency fluctuations and met essential foreign exchange demands by issuing a ...
Naira Climbs to Top: Cardoso Hails FX Reforms
Yemi Cardoso, the Central Bank Governor, proudly announced that the Naira has secured the title of the best-performing currency globally ...
Naira rises to N1,060/$ in parallel market
Yesterday, the Naira strengthened to N1,060 per dollar on the parallel market, up from N1,105 per dollar on Wednesday. However, ...
Experts Analyze Lack of Price Reduction Despite Naira Appreciation
At the ongoing Global Trade Review West Africa, experts delved into the reasons behind the absence of price reductions despite ...
Naira nears 1,000/$ at parallel market
The naira has continued its resurgence against the United States dollar, appreciating N1,136/$ at the official market and N1,050/$ at ...
Naira Inches Closer to Sub-N1,000/$1 as Official Exchange Rate Closes at N1,142/$1
The official exchange rate between the Naira and the Dollar witnessed a notable increase of 7.7% on Friday, closing the ...
Goldman Sachs Forecasts Naira Outperforming Global Currencies
As indicated by Goldman Sachs Group Inc., Nigeria's naira is positioned to continue its upward trajectory, emerging as the best-performing ...
Naira value of 36 states and FCT’s external debt increased by 23.76% in six months
The naira value of Nigeria's total external debt for its 36 states and the Federal Capital Territory (FCT) surged by ...
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