The Nigerian currency traded below the N1.550/$ range at the black market at the first trading session in...
The naira slipped marginally against the safe-haven currency during the first trading session of the week, while the dollar showed strength in the global market.
The naira was muted in the last trading session of the week, while the greenback reached a two-year high as currency traders braced for a strong nonfarm payroll reading.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a stern warning to filling stations and fuel marketers against the unlawful sale of premium motor spirit (PMS), commonly known as petrol, to illegal roadside peddlers.
The naira experienced a significant uptick on Monday, reaching a peak of N2100 per Great British Pound (GBP) in the parallel market, commonly referred to as the black market.
The Nigerian naira appreciated against the dollar on Tuesday, 31 October 2023, closing at N815.32/$1 at the official market.
The exchange rate between the naira and the dollar fell to a record low of N960/$1 on Monday, the first trading day after the announcement of Yemi Cardoso as the country's next central bank governor.
The plunge was attributed to a spike in dollar demands prompted by CBN’s plan to redesign the naira
The exchange rate has maintained a downward trend, following the move by the apex bank to raise the interest rate to a 20-year high of 15.5%, representing 150 basis points increase from the 14% stated at the previous MPC meeting
The Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once again.
After the nation's anti-graft agents raided currency operators in Lagos and Abuja, the naira recovered from a record low against the dollar on the black market.
The exchange rate between the naira and the US dollar has fallen beyond the N700/$1 threshold at the parallel market on Wednesday, 27th of July, 2022,
