Tag: Naira

After a three-day upward trend, the official exchange rate of the naira against the dollar took a significant hit, plummeting by 4.26% to N1,602.43 per US dollar on Tuesday, March ...

The U.S. dollar index is poised to register its first weekly decline in 2024, while the Nigerian naira has shown momentum by appreciating in both the official and black markets. ...

The naira appreciated marginally against the United States dollar to N1,609 on Wednesday at the official market from N1,615.94 recorded the previous day. This indicates an increase of N6 or ...

Lai Omotola, the Group Managing Director of CFL Group, has urged President Bola Tinubu to enact an executive order banning dollar cash transactions to salvage the naira from further depreciation. ...

To stabilize the depreciating naira, the federal government has received recommendations to streamline the management of foreign remittances. ENTREPRENEURNG gathered insights from experts and traders, highlighting significant daily transactions in ...

Former aide to ex-president Goodluck Jonathan, Pastor Reno Omokri, has taken to social media to provide Nigerians with insights into how to revive the value of the Naira amidst prevailing ...

On February 21, 2024, the Nigerian Naira experienced a significant depreciation against the US dollar, reaching an intra-day high of N1,755. This surge in the exchange rate coincided with increased ...

The Nigerian Naira experienced a significant depreciation on Wednesday, reaching an all-time low of N1,830 per dollar in the parallel market, commonly known as the black market. This represents a ...

The naira continued its downward trend against the United States dollar at the official and parallel foreign exchange markets on Monday, much to the despair of citizens. This was as ...

Under President Bola Tinubu's leadership, Nigeria's economy is continuing to deteriorate, and the naira continued its downward spiral on Monday, falling to N1,700 against the dollar and N2,100 against the ...