In a surprising turn of events, the Nigerian naira has reached a new all-time low, closing at N996.75 per dollar in the official Nigerian Autonomous Foreign Exchange Market (NAFEM). Concurrently, ...
In a recent announcement, the Central Bank of Nigeria (CBN) has clarified that both the revamped and old banknotes continue to be recognized as legal tender. The CBN, through a ...
The naira experienced a sharp decline against the U.S. dollar at both the official and parallel markets, marking a reversal from the temporary gain observed last week. At the official ...
On Tuesday, the official exchange rate between the naira and the dollar dropped to 869.91/$1, signifying a loss of N60.89 or a 6.99% decline in the local currency compared to ...
In a recent financial development, the Nigerian naira experienced a depreciation against the US dollar on November 6, 2023, culminating in an official market closure at N809.02/$1. This marks a ...
Nigeria's foreign exchange market is on the cusp of a liquidity boost, with the Central Bank of Nigeria (CBN) taking significant steps to clear the longstanding backlog of foreign exchange ...
In a surprising turn of events, the Nigerian naira has experienced a remarkable rally against the US dollar, sending shockwaves across various markets. This rally represents a significant setback for ...
Naira, the Poultry Association of Nigeria (PAN) has expressed serious concern about the impending collapse of the country's N12 trillion poultry industry. This dire situation is primarily attributed to the ...
Recent developments have improved the outlook for the Nigerian naira, raising the possibility of it trading below the N1000/$ mark in the black market. These developments include reports of the ...
The Nigerian naira has demonstrated notable strength against the U.S. dollar on November 1, 2023, by closing at N786.02 per US dollar at the official market. This marks a significant ...
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