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Naira depreciation

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Naira Depreciation, Borrowings Drive Nigeria’s Debt To N121.67trn

Nigeria’s public debt has reached an alarming N121.67 trillion, increasing by N24.33 trillion or 24.99 per cent within just three months, according to the Debt Management Office (DMO). This rise, largely driven by the naira’s depreciation, highlights the nation’s ongoing economic challenges.

June 21, 2024

Business·Markets·News

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024. Closing at N1,488.60/$1, the naira experienced a 0.78% drop from the previous day on the NAFEM window, according to the latest data from

June 6, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Currency·News

Naira Ends Week With 9% Depreciation, Exchanges N1,169/$1 At Official Market

The Nigerian currency, the Naira, ended the week with a 9.1 per cent depreciation at the official segment of the foreign exchange market.

April 20, 2024

Business·Currency·News

Naira Depreciation Deals Heavy Blow As Dangote, Nestle Nigeria, MTNN, Others Lose N1.7trn

Major players in Nigeria’s corporate landscape, including Dangote Group, Nestle Nigeria, and MTN Nigeria, among others, faced a loss of N1.7 trillion due to naira depreciation in 2023. This loss was revealed in an analysis of financial statements published by the Nigerian

March 20, 2024

Business·News

Naira Depreciation Spurs Export Surge To N35trn

Nigeria’s import figures witnessed a notable surge in 2023 due to naira depreciation, climbing from N25.5 trillion in 2022 to N35.9 trillion. Data from the National Bureau of Statistics revealed a steady increase throughout the year, with the fourth quarter hitting N14

March 19, 2024

NACCIMA Boss, Oye, To Chair Vanguard Economic Summit 2025

Business·News

Implications Of Naira Devaluation Multifaceted, NACCIMA Tells Governors

NACCIMA president, Dele Kelvin Oye, has said that while the immediate effect of the devaluation of the naira on exports may be positive, the broader implications of a persistent devaluation are multifaceted

March 12, 2024

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Stakeholders and economic experts have continued to express concerns about the persistent depreciation of the value of Nigerian currency, the naira.

January 30, 2024

Business·Currency

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

The Nigerian naira has plunged to a historic low of N900 against the US dollar in the official market, marking a setback despite relentless efforts by the Central Bank of Nigeria (CBN) to shore up the national currency. It also plummeted to

January 27, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Finance & Economy

How Sharp Depreciation Of Naira Spells Economic Doom For Nigeria

Over the last two decades, Nigeria, the giant of Africa, has confronted a number of economic challenges. Our excessive reliance on imported

January 26, 2024

Business·Currency

Danger Looms As Naira Depreciates To N1,410/$1 At Black Market Amid High Demand, Economic Challenges

In a turn of events, the Nigerian Naira witnessed a depreciation, hitting a historic low of N1,410 against the US dollar on Thursday. This 3.29% decline, amounting to N45 weaker than the previous day’s closing rate of N1,365, underscores the severity of

January 25, 2024

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Naira depreciation

Naira Depreciation, Borrowings Drive Nigeria’s Debt To N121.67trn

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

Naira Ends Week With 9% Depreciation, Exchanges N1,169/$1 At Official Market

Naira Depreciation Deals Heavy Blow As Dangote, Nestle Nigeria, MTNN, Others Lose N1.7trn

Naira Depreciation Spurs Export Surge To N35trn

Implications Of Naira Devaluation Multifaceted, NACCIMA Tells Governors

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

How Sharp Depreciation Of Naira Spells Economic Doom For Nigeria

Danger Looms As Naira Depreciates To N1,410/$1 At Black Market Amid High Demand, Economic Challenges

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