Exchange rate post best gain in 6 weeks, CBN policies paying off
The Naira-to-dollar exchange rate rose to N1,431/$, bringing the week to a close on a positive note. According to data ...
Tuesday, December 24, 2024
Tag: Naira
Naira appreciates to N1,382/dollar, Presidency cautions speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the ...
Naira Devaluation: CFOs Take Steps to Minimize FX Losses
Chief Financial Officers (CFOs) of Nigerian companies are grappling with significant losses stemming from the devaluation of the naira, prompting ...
Naira Appreciates to N1,382/$ After $7bn FX Settlement
The local currency experienced a significant rebound yesterday, appreciating notably against the dollar, propelled by recent interventions by the Central ...
Naira Strengthens to N1400/$1 at Parallel Market
Parallel market traders are quoting a buy price of N1400 for every dollar, indicating a notable strengthening of the naira. ...
Naira Starts at N1,560.57/$1 in Official Market
The Nigerian Autonomous Foreign Exchange Market (NAFEM) showcased a remarkable surge on Tuesday, concluding the trading day at N1560.57 per ...
Naira Holds Steady at N1,615/$1 Amid CBN’s Duty Rate Adjustment
The Nigerian naira has maintained stability, settling at N1,615 against the US dollar across official and parallel markets. This stability ...
Goldman Sachs Predicts Naira Appreciation to N1,200/$1
Analysts at Goldman Sachs, Andrew Matheny and Bojosi Morule, have forecasted a significant appreciation of the Nigerian naira to N1,200 ...
Naira stays above N1,600/$1 as traders await another “circular” Friday
The Naira holds steady above N1,600 against the US Dollar, offering a glimmer of relief to traders amidst lingering uncertainties. ...
Naira Plummets to N1,602.43/$1 as Binance Halts Naira Trading
After a three-day upward trend, the official exchange rate of the naira against the dollar took a significant hit, plummeting ...
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