Currency - Page 8

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Nigeria’s economic landscape faces fresh turmoil as the country’s foreign exchange reserves hit a bleak low, recording $32.87 billion at December’s close, marking a six-year nadir. The data, revealed via the Central

Emmanuel Ochayi

4 months ago

Business·Currency

Naira To Sustain Depreciation In 2024 – Analysis Reveals

A grim forecast by Bloomberg L.P. has surfaced, signaling a continued slump of the Naira throughout 2024.

Emmanuel Ochayi

4 months ago

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

The Nigerian Naira plunged to a troubling low, closing at N1,043.09 against the dollar, marking a depreciation of 16.35% and signaling deep concerns for the country's economy just days before 2024.

Emmanuel Ochayi

4 months ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Gains Against Dollar At N872/$ With Increased Forex Turnover

Nigerian Naira strengthened against the US Dollar, marking a 1.52% gain and closing at N872.59 to a dollar on the first trading day post-Christmas.

Emmanuel Ochayi

4 months ago

Naira Depreciates By 0.78% In Official Market, Rises To ₦1,570 In Black Market

Business·Currency·Latest News

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

In the currency exchange market's dynamics, the Naira traded N1,233 against the US dollar at the parallel market on Monday, as affirmed by Bureau de Change (BDC) operators.

Emmanuel Ochayi

4 months ago

Currency·Latest News

Naira Devaluation Has Caused ‘Japa’ Tsunami Among Lecturers – UNILAG VC

The Vice-Chancellor of the University of Lagos, Prof. Folashade Ogunsola, has disclosed that the exchange rate of the naira to the dollar has so devalued the salaries of university workers that most

Victor Ezejaand

Admin

4 months ago

Business·Currency·Latest News

Naira Weakens To N885.88/$1, Stirring Christmas Spending Concerns

The Nigerian naira faced a 2.71% depreciation against the dollar on Friday, closing at N885.88/$1. The situation, compounded by a 22% reduction in forex turnover to $92.16 million, has sparked worries about

Emmanuel Ochayi

5 months ago

Naira Depreciates Further, Trades At N1,402 Against US Dollar

Business·Currency·Latest News

Nigerian Naira Falls To N854.61/$1 Amidst Forex Turnover Dip Of 21.45%

In a day of fluctuating fortunes for Nigeria’s currency, the Nigerian naira depreciated against the dollar, closing at N854.61/$1 at the official market on Wednesday, marking a 1.5% drop. Forex turnover also

Emmanuel Ochayi

5 months ago

Business·Currency·Latest News

Naira Inches Up Marginally To N888/$1 In Official Market

The Nigerian Naira showcased a slight but noteworthy gain against the dollar on Monday, 18th December 2023, demonstrating fluctuations in both official and parallel markets. Registering a 0.17% appreciation, the currency closed

Emmanuel Ochayi

5 months ago

Business·Currency·Latest News

Naira Gains, Dollar Drops In Official Market Despite Inflation

The Nigerian Naira showcased resilience against the US dollar across official and parallel markets, despite soaring inflation rates reported by the National Bureau of Statistics. November’s inflation figures revealed a surge, reaching

Emmanuel Ochayi

5 months ago

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Currency - Page 8

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Naira To Sustain Depreciation In 2024 – Analysis Reveals

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

Naira Gains Against Dollar At N872/$ With Increased Forex Turnover

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

Naira Devaluation Has Caused ‘Japa’ Tsunami Among Lecturers – UNILAG VC

Naira Weakens To N885.88/$1, Stirring Christmas Spending Concerns

Nigerian Naira Falls To N854.61/$1 Amidst Forex Turnover Dip Of 21.45%

Naira Inches Up Marginally To N888/$1 In Official Market

Naira Gains, Dollar Drops In Official Market Despite Inflation

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