Naira depreciation

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

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.

Victor Ezeja

3 weeks ago

Business·Currency·Latest 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

Emmanuel Ochayi

2 months ago

Business·Latest 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

Emmanuel Ochayi

2 months ago

CBN’s New MPR Hike May Cripple Private Sector, NACCIMA Warns

Business·Latest 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

Admin

2 months ago

Forex: Naira Ends Week On Positives Note With N1,431/$ At Official Market

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.

Victor Ezeja

3 months ago

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

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)

Emmanuel Ochayi

3 months ago

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

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

Admin

3 months ago

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

Emmanuel Ochayi

3 months ago

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

Business·Currency

Naira Depreciates To N902/$1 As Forex Turnover Drops 17.36% To $145.89m

Naira faced a 0.04% depreciation, closing at N902.45 to a dollar in the official market, as reported by the Nigeria Autonomous Foreign Exchange Market (NAFEM).

Emmanuel Ochayi

4 months ago

Business·Currency·Latest News

Naira Hits Record Low Against British Pound Amid High Demand For Dollars

Nigerian parallel market exchange rate plummeted to an all-time low of N1,680 per Great Britain Pound (GBP), showcasing a 7% decline compared to the previous week.

Emmanuel Ochayi

4 months ago

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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

Naira Depreciates To N902/$1 As Forex Turnover Drops 17.36% To $145.89m

Naira Hits Record Low Against British Pound Amid High Demand For Dollars

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