Naira strengthens to N1400/$ on the parallel market
Parallel market operators are quoting a buy price of N1400/$1 for holders of dollars looking to sell marking a significant ...
Tag: naira
Naira Closes at N1,560.57/$1 at Official Market on Tuesday
The Nigerian Autonomous Foreign Exchange (NAFEM), saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. ...
Naira Begins the Week on a Positive Note
Nigeria’s foreign exchange (FX) market began on a positive note on Monday as the naira appreciated to N1,572.86 per dollar ...
NairaWatch: Nigeria’s Currency Close at N1,600/$1 in Official Market
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 ...
Naira Watch: Exchange Rate Falls to N1,602.43/$1
The official exchange rate of the naira against the dollar ended its three-day winning streak, falling by 4.26% to N1602.43 ...
Forex: Naira Gains for Third Straight Day, Closes at N1,534.9/$
The exchange rate between the naira and the dollar strengthened for the third consecutive day, closing at N1,534.9/$1 on the ...
Naira Gains as CBN Sells over $300million to Banks
The naira appreciated against the dollar to 1,582/$ at the close of trading activities at the official market on Monday. ...
Redefining Nigeria’s Economic Narrative: The Case for Strengthening the Naira
In recent times, the idea of a strong currency has been often associated with the United States dollar, with many ...
Naira: FG to Raise $10bn to Stabilize Forex Rate
The Nigerian government is planning to raise $10bn to improve liquidity in the foreign exchange (forex) market. On Tuesday, the ...
Naira Gains at Official Window, Closes at N1,542/$
The value of the naira closed stronger at the close of trading on the Nigeria Autonomous Foreign Exchange market (NAFEM) ...
More Pressure on Naira as it Crashes to N1,830 /$1 in Parallel Market
The Nigerian Naira on Wednesday experienced a significant depreciation, reaching a record low of N1,830 per dollar in the parallel ...
CBN’s Directive to IMTOs May Divert FX Liquidity to Parallel Market, Cryptocurrency – Experts
Afolabi Oriyomi, an expert in the financial services industry and the research head, research head, Young Professionals and Emerging Leaders ...
Naira Weakens as Banks’ Dollar Sales Drops by $252m
Dollar sales by Deposit Money Banks (DMBs) and other entities at the Nigeria Autonomous Foreign Exchange Market plunged by $252m ...
CBN Battles to Revive Naira as Forex Approaches N1,700/$1
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official ...
Nigeria’s Naira Reportedly Exchanges N1600/$1
“Which way naira?” is one of the topics of X space today, February 15, 2024. The reason is not farfetched ...