According to a report by the Economist Intelligence Unit (EIU), Nigeria's official exchange rate is expected to weaken to N1,068.3/$ by 2025. The report highlighted the widening gap between the ...
The Nigerian naira experienced a substantial appreciation against the dollar, reaching a new monthly high of N780.14/$1 at the official market on November 10, 2023. This marked a remarkable gain ...
The naira lost 15.79 percent of its value on the parallel market this week to close trading at N1,100/$. This was a 15.79 percent depreciation from the N950/$ it closed ...
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 ...
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