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).
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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.
Naira Depreciation Sparks Surge In Dollar Savings As BDC Seeks Central Bank Review
Bureau De Change operators sounded the alarm as Nigerians flock to keep their savings in US dollars amid concerns over the eroding value of the naira.
Blame Naira Depreciation For Nigeria’s Highest Inflation In 21 Years – Experts
Nigeria grapples with a daunting economic challenge as inflation hits a 28.92% in December 2023, marking the highest in 21 years, according to data from the National Bureau of Statistics.
Naira Gains Marginally At N1,082/$1 In Official Market
Nigeria's local currency, the naira on Wednesday, 10 January 2024, recorded a marginal gain against the US dollar as trading closed at N1082.32/$ in the official exchange window.
Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market
The value of the Nigerian naira dropped on Tuesday in the official Investor and Exporter window from N856.57/$ on Monday to N1089.51/$.
How Naira Redesign, Forex crisis, Fuel Subsidy Removal, Others Crippled Manufacturing Growth In Nigeria
The manufacturing sector in Nigeria faced an arduous 2023 due to a culmination of challenges stemming from government policies, as highlighted by the Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir.
Cadbury, Guinness, Nestle Hit By Naira Depreciation As Report Reveals N472.3bn Loss
In a revelation by Meristem, some major consumer goods companies in Nigeria such as Cadbury, Guinness Nigeria, and Nestle, suffered a combined loss of N472.3 billion due to the depreciation of the Naira during the first nine months of 2023. The report
Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market
The Nigerian naira spiraled downwards by 8.97% against the dollar, closing at N988.46/$1 despite a $2.25 billion infusion from Afreximbank.
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Investors Brush Off US Government Shutdown, Weak Hiring
All three major US indexes closed at record highs, with
US Nonfarm Payrolls Report Delayed on Government Shutdown
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S&P 500: Long positions climbed to 73%, up from 67%
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