Naira Rising, Gains 12% in Five Days by Techeconomy March 25, 2024 0 Finance The value of the naira took a turn for the north, as it appreciated by 12 percent by the end ... Read more
Naira strengthens to N1400/$ on the parallel market by Techeconomy March 21, 2024 0 Finance Parallel market operators are quoting a buy price of N1400/$1 for holders of dollars looking to sell marking a significant ... Read more
Naira Closes at N1,560.57/$1 at Official Market on Tuesday by Techeconomy March 20, 2024 0 Finance The Nigerian Autonomous Foreign Exchange (NAFEM), saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. ... Read more
Naira Begins the Week on a Positive Note by Techeconomy March 19, 2024 0 Finance Nigeria’s foreign exchange (FX) market began on a positive note on Monday as the naira appreciated to N1,572.86 per dollar ... Read more
NairaWatch: Nigeria’s Currency Close at N1,600/$1 in Official Market by Techeconomy March 8, 2024 0 Finance The Naira closed at N1,602.17/$1, a 0.22% improvement from N1,605.74/$1 on the prior day. However, the Naira lost some ground ... Read more
Naira Watch: Exchange Rate Falls to N1,602.43/$1 by Techeconomy March 6, 2024 0 Finance The official exchange rate of the naira against the dollar ended its three-day winning streak, falling by 4.26% to N1602.43 ... Read more
Forex: Naira Gains for Third Straight Day, Closes at N1,534.9/$ by Techeconomy March 5, 2024 0 Finance The exchange rate between the naira and the dollar strengthened for the third consecutive day, closing at N1,534.9/$1 on the ... Read more
Naira Gains as CBN Sells over $300million to Banks by Techeconomy February 27, 2024 1 Finance The naira appreciated against the dollar to 1,582/$ at the close of trading activities at the official market on Monday. ... Read more
Redefining Nigeria’s Economic Narrative: The Case for Strengthening the Naira by Techeconomy February 25, 2024 0 Finance In recent times, the idea of a strong currency has been often associated with the United States dollar, with many ... Read more
Naira: FG to Raise $10bn to Stabilize Forex Rate by Techeconomy February 22, 2024 0 Finance The Nigerian government is planning to raise $10bn to improve liquidity in the foreign exchange (forex) market. On Tuesday, the ... Read more
Naira Gains at Official Window, Closes at N1,542/$ by Techeconomy February 22, 2024 0 Finance The value of the naira closed stronger at the close of trading on the Nigeria Autonomous Foreign Exchange market (NAFEM) ... Read more
More Pressure on Naira as it Crashes to N1,830 /$1 in Parallel Market by Techeconomy February 21, 2024 0 Finance The Nigerian Naira on Wednesday experienced a significant depreciation, reaching a record low of N1,830 per dollar in the parallel ... Read more
CBN’s Directive to IMTOs May Divert FX Liquidity to Parallel Market, Cryptocurrency – Experts by Techeconomy February 20, 2024 0 Digital Assets Afolabi Oriyomi, an expert in the financial services industry and the research head, research head, Young Professionals and Emerging Leaders ... Read more
Naira Weakens as Banks’ Dollar Sales Drops by $252m by Techeconomy February 19, 2024 0 Finance Dollar sales by Deposit Money Banks (DMBs) and other entities at the Nigeria Autonomous Foreign Exchange Market plunged by $252m ... Read more
CBN Battles to Revive Naira as Forex Approaches N1,700/$1 by Techeconomy February 17, 2024 0 Finance The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official ... Read more