Naira loses steam, drops against the dollar at parallel market as speculators show resistance
The naira crashed to N1640/$1 at the parallel market at the close of business on Monday, December 9, 2024, ending ...
Tag: Exchange Rate
Why The Naira Is Gaining Against The Dollar.
In this episode of Money Brief, Ugodre delves into the latest news on the Dollar dropping to 1500 Naira. He explains ...
Naira trades below N2,000 against the British Pound for the first time since July
The naira broke below the N2,000 barrier for the first time in five months amid ongoing reforms in Nigeria's currency ...
Naira appreciates to N1,640 from N1,730 at parallel market as supply outstrips demand on CBN EFEMSÂ
The naira recorded a huge gain against the US dollar at the parallel market, hitting N1640/$1, at the close of ...
Naira muted in Black Market despite successful NGN Eurobond Issuance
The Nigerian currency was largely muted in the unofficial market on Wednesday, oscillating around N1,750/$ despite improved fundamentals in the ...
Naira gasps for breath on the black market, trading at N1,750/$
The Naira faced more headwinds in the unofficial market amid high demand for the dollar and a widening supply gap.
Nigeria targets record fiscal deficit of N13 trillion in 2025, blames new minimum wage, pensions othersÂ
The Federal Government of Nigeria has projected a fiscal deficit of N13.08 trillion in 2025, an increase from the estimated ...
Naira faces ‘acid test’ under Trump’s return to Presidency
The Nigerian currency is bracing for challenges as the U.S. dollar surges following Donald Trump’s return to the U.S. presidency.
Exchange rate falls to record low of N1,681/$1 on official marketÂ
The naira slipped to an all-time low of N1681 per dollar at the official Investor and Exporter (I&E) window on ...
Net forex inflow into Nigeria increases by $17 billion in Q2 2024
Nigeria recorded a significant increase in its net foreign exchange (forex) inflows in the second quarter of 2024, marking a ...
