The Nigerian Naira faced further devaluation against the US Dollar, both officially and on the parallel market, amidst sustained demand pressure, exacerbating the currency's weakness. Despite the Central Bank of ...
The value of foreign exchange transactions recorded on the official Nigeria Autonomous Foreign Exchange Market has risen to $584m, according to data posted on the FMDQ Exchange on Tuesday. This ...
On Monday, February 5, 2024, the Naira saw gains against the dollar both at the official and black markets. This coincides with the Central Bank of Nigeria's (CBN) announcement of ...
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) recently acknowledged the undervaluation of the naira and pledged to work towards real price discovery in the foreign exchange market ...
The naira remains under pressure against the dollar, hovering near its all-time low, despite improved liquidity. Market fundamentals reveal that despite a $2.2 billion facility from the African Import Export ...
The Naira demonstrated resilience against the dollar on February 3, 2024, closing at N1,435.53/$1 at the official market, marking a 1.84% gain over the tumultuous week. This modest uptick translates ...
The Naira showed resilience, gaining ground and trading at 1,400 Naira per dollar on the black market despite low compliance among Bureau de Change operators in Abuja. The shutdown was ...
At the official market, the Naira experienced a slight recovery against the dollar on January 31, 2024, bouncing back from a record low of N1,482.57 per dollar the previous day. ...
Nigeria's broad money supply, M3, reached a record high of N78.74 trillion in December 2023, marking a significant year-on-year increase of N26.58 trillion or 51% compared to N52.16 trillion in ...
The Naira experienced a record low on Monday, falling to N1,348.63 per dollar in the official market, also known as NAFEM (Nigeria Autonomous Foreign Exchange Market). This significant depreciation, representing ...
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