Dollar and Naira exchange rate

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

The Nigerian Naira has taken a hit, falling to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024. This… Read More

2 weeks ago

Dollar Rise Spurs EFCC Crackdown On Currency Manipulation By Cryptocurrency Platforms, Others

The Economic and Financial Crimes Commission (EFCC) has intensified its efforts to combat currency manipulation, particularly in light of the… Read More

2 weeks ago

BDCs Now Buying Dollars At N980/$1, Selling At N1,020– ABCON President

The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadebe, expressed satisfaction with the rise… Read More

3 weeks ago

How Stronger Naira Is Failing To Put Food On Tables

In a country where the value of money can make or break everyday life, the Nigerian Naira's recent rise against… Read More

3 weeks ago

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

The Minister of Power, Adebayo Adelabu, addressed concerns about the recent electricity tariff hike, emphasizing the potential for reduction if… Read More

3 weeks ago

Steady Dollar Supply Pushes Naira To N1,262/$, Delighting Nigerians

The Nigerian Naira continues its upward trend against the United States dollar at N1,262/$1, bringing smiles to many faces across… Read More

1 month ago

Nigerian Govt To Raise $10bn To Boost Foreign Exchange Liquidity As Naira Falls To N1,850/$1

In a bid to address the escalating challenges in the foreign exchange market, the Nigerian Federal Government has announced plans… Read More

2 months ago

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

The Nigerian naira hit a new low against the US dollar on Monday, sparking concern among citizens as the currency… Read More

3 months ago

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

In a turn of events, the Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a significant 56% decline in transaction value,… Read More

3 months ago

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

As global tensions escalate with conflicts in the Middle East and geopolitical events unfold, Gold prices surge beyond $2,030, reflecting… Read More

4 months ago

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