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...
At the close of trading in the Nigerian Foreign Exchange market for the year, the naira strengthened to N907.11 per dollar. According to FMDQ data, the...
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...
The Presidency has issued a warning to Nigerians hoarding foreign currencies, urging them to cease such actions. The government has hinted at upcoming policies that...
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...
The Nigerian naira experienced a significant depreciation, falling to N990 per dollar on the parallel market, compared to the previous day’s rate of N950 per...
On Thursday, the Naira experienced a 3.32 percent depreciation, trading at N762.71 per dollar. This decline in value was attributed to reduced liquidity in...
