Naira Hits Record High, Surpassing N1,300/$ In Cryptocurrency, Parallel Markets
The Nigerian naira has surged past the N1,300 mark against the US dollar in both the Peer-to-Peer cryptocurrency window and the parallel market.
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Nigeria’s Exchange Rate Will Soon Stabilise, Bagudu Assures Investors
Minister of Budget and Economic Planning, Atiku Bugudu, has assured investors that the exchange rate will soon stabilise following the president and Central Bank of Nigeria's economic reforms.
Naira Falls By N15.75, Closes At N890/$1
In a turn of events, the Nigerian naira experienced a notable dip against the dollar on Friday, January 12, 2024, both in official and black market exchange windows. Data from the NAFEM, the official forex platform, revealed a N15.75 depreciation compared to
Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support
The Naira staged a recovery, appreciating by 19.17% against the dollar at the official market on Thursday, January 11, 2024.
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/$.
Naira Appreciates To N869/$1 As Experts Debate Stability
Naira demonstrated fortitude by appreciating to N869.13/$1, thereby, gaining further ground against the dollar at the official market on Friday, marking its second advance in the New Year.
Naira Falls To N1,035/$1, As Depreciation Persists
The Nigerian Naira encountered a steep fall, culminating in a close at N1,035.12 per dollar in the official market on January 3, 2024, indicating a 4.72% decline from the previous closure. The consistent slide of the Naira beyond the N1,000/$ mark for
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.
Exchange Rate Closes Year At Historic Low Of N907/$1 In Official Market
Nigerian Naira closed the year at an unprecedented exchange rate of N907.11 per dollar at the official market, signifying a 26.8% depreciation since June 14th, amid a tumultuous year for Africa's largest economy.
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