Tag: US dollar

Naira Drops 2.6% in March Despite CBN's $668 Million Market Intervention

Naira Misses Critical Opportunity as US Dollar Plummets

by Adams Oma

April 11, 2025

Despite a sharp decline in the U.S. dollar index—down more than 2% in just two days—the Nigerian naira has yet to capitalize on the global currency shift. As of recent ...

Naira Gains Strength Against Dollar Across FX Markets

by Ikenna Ngere

February 18, 2025

The naira continued its upward trend against the US dollar in both the parallel and official foreign exchange markets on Monday, marking a positive start to the week. A Bureau ...

Naira Falls Against US Dollar at P2P, Black Market, Rises at I&E

by Harry Choms

March 17, 2023

On Friday, March 17, the Naira depreciated against the US dollar in the Peer-2-Peer (P2P) and black parallel market segments of the foreign exchange (FX) market, but closed stronger in ...

Nigerian Naira Declines on Fresh FX Liquidity Crisis

by Harry Choms

December 11, 2022

The Nigerian Naira depreciated further against the US dollar in the forex market on Friday, amid a renewed FX liquidity crisis. The local currency was under pressure in the market's ...