Nigeria's foreign exchange reserves hit a six-year nadir, dwindling to $32.87 billion by the close of December, as disclosed on the Central Bank of Nigeria's (CBN) website on Friday. The ...
In a concerning development, the Naira experienced a significant depreciation, reaching an unprecedented low of N1,043.09 against the US dollar in the official foreign exchange market on Thursday. This marks ...
In a disconcerting revelation, the Naira is grappling with a dubious distinction as one of the globe's worst-performing currencies this year, as reported by Bloomberg. This unsettling forecast suggests that ...
On the first trading day after the Christmas holiday, the Nigerian Naira gained against the dollar, appreciating by 1.52% to close at N872.59 to a dollar at the official market. ...
Despite the U.S. dollar index hovering at a five-month low, the Naira remains entrenched at N1233/$ in the black market. The persistent weakness in the U.S. dollar is attributed to ...
The naira exchanged to the dollar at 1,233/$ on Monday at the parallel market, according to Bureau de Change operators. Some BDC operators who spoke to The PUNCH said, the ...
On Tuesday, December 19, 2023, the Nigerian naira demonstrated further strength against the US dollar, closing at N844.85/$1 at the official market. This marks a significant appreciation of 5.15%, as ...
On December 18, 2023, the Naira experienced an intraday high, reaching N1249/$1, showcasing a marginal gain against the US dollar. This upward movement was observed in both the official and ...
The naira gained ground against the US dollar in both the official and parallel markets. This is despite the fact that Nigeria's headline inflation rate, released today by the National ...
The overall inflation rate in November 2023 increased to 28.20%, exceeding the October 2023 rate of 27.33%. This represents a 0.87% month-on-month increase. When compared to November 2022, the year-on-year ...
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