In a surprising turn of events, the Nigerian naira experiences a significant resurgence against the dollar on Friday, November 24, 2023, closing at an impressive N794.89/$1 at the official market. ...
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline ...
Despite a notable 60% surge in the volume of dollars traded in the foreign exchange market the previous day, the pressure on the dollar continued, reports Daily Trust. Data from ...
Despite Binance, the world's largest crypto exchange, settling a colossal $4.3 billion with U.S. authorities for alleged violations of money-transmitting and sanctions laws, the Naira remains steadfast in the cryptocurrency ...
On November 23, 2023, forex turnover witnessed a substantial increase of 61.86%, reaching $198.21 million. The Nigerian naira continued its depreciation against the US dollar at both the official and ...
Nigeria's foreign exchange market is grappling with significant pressure, leading to the devaluation of the naira and raising concerns about economic stability. The recent depreciation of the naira is attributed ...
The Naira faced a decline against the U.S. dollar in both the official and parallel markets on Tuesday, following a brief gain recorded in the official market the previous day. ...
In a significant turn of events on Friday, November 17, 2023, the Nigerian naira showcased substantial appreciation against the dollar, concluding at an impressive N791.75/$1 at the official market. Experts ...
Despite Nigeria's headline inflation rate rising to 27.33% in October, up from 26.72% in September 2023, the naira gained against the U.S. dollar in the official market, closing at N818.99/$1. ...
The Central Bank of Nigeria (CBN) has made a significant announcement, extending the legal tender status of old N200, N500, and N1000 notes from the initial deadline of December 31, ...
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