Tag: Naira

The naira depreciated yesterday to N1,260 per dollar in the parallel market from N1,220 per dollar on Tuesday. Similarly, the naira depreciated to N904.65 per dollar in the official Nigerian ...

The Naira kicked off the week on a robust note, experiencing significant appreciation against the US dollar at the official foreign exchange market. However, the national currency faces the looming ...

The naira appreciated by 27.16 per cent to close at N864.29/$ on the official Investors and Exporter window on Monday. This is as the daily turnover of the dollar surged ...

The Nigerian Naira experienced a significant resurgence, bouncing back vigorously against the US Dollar on December 11, 2023, in the official market. The local currency appreciated by an impressive 27.16%, ...

In a noteworthy policy shift, the Central Bank of Nigeria (CBN) has issued a directive suspending processing charges on substantial cash deposits in individual and corporate accounts. Effective immediately and ...

In a recent alert, the Central Bank of Nigeria (CBN) warned financial institutions and the general public about the surge in counterfeit currency circulation, particularly in higher denominations prevalent in ...

The Nigerian Naira plummeted to an unprecedented low, closing at N1,099.05 per dollar in the official market. This marks a significant depreciation of 23.29% from its previous closing rate, casting ...

In a positive turn of events, the Nigerian naira has shown significant improvement against the United States dollar on the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official exchange rate ...

On Friday, the Nigerian Naira experienced a drastic decline, closing at N927.19 per dollar in the official market and reaching N1165 per dollar in the parallel market. Official data from ...

The Nigerian naira exhibited strength against the dollar, closing at N831.47/$1 in the official market on November 29, 2023. This positive trend was in line with experts' expectations, who anticipated ...