Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items
Forex Market witnessed a surge in turnover, totaling $53.02 million, following the Central Bank of Nigeria's decision to lift the ban on 43 items.
Suggestions
40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa
A World Bank report released this October has ranked the Naira among the worst-performing currencies in Africa, as the Nigerian currency lost 40 per cent of its value following the devaluation carried out by the Central Bank of Nigeria (CBN) on
Naira Depreciates To N756/$ In I&E Window
In a dynamic twist of events, the Nigerian naira faced a rollercoaster ride in the financial markets on Wednesday. The currency, which had exchanged for N745.19 to a dollar just a day before, saw a significant dip of 1.48 percent, settling at
Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023
Nigeria’s currency, the Naira, experienced a significant depreciation during the third quarter of 2023, with the unofficial market rate plummeting to N1000/$1. This alarming drop, coupled with a decline in external reserves, is raising concerns about the nation’s economic stability. Official figures
Black Market Increases Dollar, Pound, Euro Rates
Foreign exchange currencies in the black market – dollar, pound and euro – appreciated against the naira on Thursday, 9 June. Parallel market rate aggregator indicated that the average rate of the dollar was N756.8/$1, up from N754.5/$1 the previous day. This
Cost Of Dollar Up In Black Market, Euro Sold At Lower Rate
Foreign exchange traders in the black market were offered the dollar at an average rate of N754.5 kobo on Wednesday. Naira Rates, a black market rate aggregator, reported that the price of the United States Dollar (USD)increased by 0.14% or N1.1 kobo
Featured Stories
Whatsapp Channel
Latest News
Market Analysis: Nigeria’s Q2 Growth Numbers In View
Sector details from today's GDP, especially the balance between services
Nigeria’s Stock Market Sustains Bullish Run, UBA, Zenith, FBN Lead Gainers
The Nigerian All-Share Index edged higher on Thursday, holding above
Naira Rises To N1,500/$ At Official Market
The Nigerian naira has appreciated against the U.S. Dollar for
Bitcoin Steady Above USD 114,000 as Markets Await CPI Release
The PPI fell 0.1% in August, its first drop in
Follow Us