Tag: Naira

Financial specialists believe that if the government stops oil theft and increases non-oil exports, the naira would return to its true value before the end of 2024. Ayodeji Ebo, the ...

On Saturday, January 27, 2024, the Naira experienced an upward shift against the dollar at the official market but maintained stability in the black market. The domestic currency saw a ...

The naira fell to a record low of N1,400/$ at the parallel market on Thursday despite recent efforts by the Central Bank of Nigeria to save the national currency. With ...

The Nigerian Naira faced a further decline against the US Dollar on January 25, 2024, in both the official and parallel markets. In the official market, the Naira depreciated by ...

The Nigerian naira witnessed a continued decline against the U.S. dollar on Monday, January 22nd, 2024, both in the official and unofficial markets. In official trading on NAFEM, the naira ...

The Group Managing Director of Cowry Asset Management Limited, Johnson Chukwu, has projected that in a worst-case scenario, the Nigerian currency may depreciate to N1,500 against the dollar during the ...

Nigeria is seeking $1.5bn aid from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira. “We’re hoping to get $1bn or $1.5bn from ...

On January 17th, 2024, the Nigerian naira continued its decline against the U.S. dollar, both in the official and parallel markets. At the official market, based on data from the ...

The naira tumbled to N1,300/$ at the parallel market on Tuesday. This is as it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 on the day. Bureau de Change ...

On January 16th, 2024, forex turnover experienced a substantial surge, reaching $147.81 million, marking a 460.52% increase compared to the previous day. The Nigerian naira faced depreciation against the U.S. ...