The Naira continued its upward swing, strengthening further against the dollar in Wednesday’s trading session. Official data from the FMDQ’s trading platform reveals a significant gain...
In March 2024, the Nigerian naira showed remarkable strength against the US dollar, appreciating by over N350 on the back of major foreign exchange policy. Official...
In a strategic move to address the escalating demand for invisible transactions, the Central Bank of Nigeria (CBN) has officially commenced the sale of US dollars...
In a noteworthy development, the official foreign exchange market experienced a remarkable surge in dollar supply, skyrocketing by an impressive 180.59 percent to reach $440.13 million...
The Naira’s value dropped further, hitting N1,482.57 per dollar in the official foreign exchange market, almost aligning with the parallel market rate of N1,470 per dollar...
On Monday, Nigeria’s currency, the Naira, sustained its upward trajectory against the US Dollar in the foreign exchange market. As per FMDQ’s official data, the Naira...
NAFEM witnessed the Naira-Dollar exchange rate reaching its lowest point ever on the official forex market. This represents a massive 20.5% depreciation marking the...
The International Monetary Fund has acknowledged the current pressure on the naira, stating that Nigeria is free to explore a loan from the Fund to...
On Thursday, the naira strengthened to N997 per dollar in the parallel market, up from N1,000 on Wednesday. Conversely, it experienced a depreciation in...
In the parallel market on Thursday, the Naira’s value slipped to N1005 per dollar from N995 on Tuesday. Simultaneously, in the Investors and Exporters...
