Naira weakens at official market, banks sell $584m
The value of foreign exchange transactions recorded on the official Nigeria Autonomous Foreign Exchange Market has risen to $584m, according ...
Thursday, December 26, 2024
Tag: Naira
Exchange Rate Closes at N1,419.86/$1 at Official Market as CBN Plans ‘FCY Gateway Bank’
On Monday, February 5, 2024, the Naira saw gains against the dollar both at the official and black markets. This ...
CBN’s Strategic Moves to Salvage Naira Face Scrutiny
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) recently acknowledged the undervaluation of the naira and pledged to ...
Naira Faces Persistent Dollar Pressure Despite Improved FX Liquidity
The naira remains under pressure against the dollar, hovering near its all-time low, despite improved liquidity. Market fundamentals reveal that ...
Naira Edges Up to N1,435.53/$1 at Official Market Amidst Market Volatility
The Naira demonstrated resilience against the dollar on February 3, 2024, closing at N1,435.53/$1 at the official market, marking a ...
Naira Gains Ground, Sells For 1,400/$ At Black Market
The Naira showed resilience, gaining ground and trading at 1,400 Naira per dollar on the black market despite low compliance ...
Naira Closes January 2024 at N1,455.59/$1 at Official Market
At the official market, the Naira experienced a slight recovery against the dollar on January 31, 2024, bouncing back from ...
Nigeria’s Money Supply Hits All-Time High of N78.74 Trillion in December 2023
Nigeria's broad money supply, M3, reached a record high of N78.74 trillion in December 2023, marking a significant year-on-year increase ...
Naira Hits Record Low at N1348/$1 Despite Additional $500 Million Release
The Naira experienced a record low on Monday, falling to N1,348.63 per dollar in the official market, also known as ...
Why naira may recover before year end – Experts
Financial specialists believe that if the government stops oil theft and increases non-oil exports, the naira would return to its ...
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