Nigeria expects its local currency, the Naira, to weaken further over time even after it showed signs of recovering from...
Read moreA bleak economic outlook and the most recent surge in the value of the US dollar have caused the pound...
Read moreThe gap between the official and black market rates has widened to a whopping N271, owing to the huge depreciation...
Read moreThe Naira, Nigeria’s currency ranks 11th worst-performing currency against the US dollar, according to Hanke's Currency Watchlist.
Read moreThe Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once again.
Read moreThe CBN has unveiled the USSD code for its eNaira, indicating that Nigerians without internet-enabled phones can now use eNaira...
Read moreThe dollar clung to recent gains against the euro and pound sterling on Friday.
Read moreThe exchange rate between the naira and the US dollar fell to N698/$1 on Thursday morning, 25th August 2022.
Read moreGiven the rush for PTA and the scarcity of dollars, Nigerian banks have devised ways to ration the allocation of...
Read moreThe prevailing economic conditions suggest that the drop in naira value will continue and we will be lucky if the...
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