Dollarisation of Naira payments and Nigeria’s macroeconomic instability
The Naira has been battered beyond a fraction of what gold did to silver under bimetallism in France.
Tag: Dollar
Naira gain against U.S dollar boosts Dangote’s wealth to $15.3 billion
Dangote's fortune had gone through a turbulent era before its current boom, which represents a substantial turnaround for the company.
Naira stabilizes at N1,615/$1 across both official and parallel markets amid CBN’s new duty rate
The official market witnessed a slight depreciation in the Naira-dollar exchange rate, closing at N1,615.94 to $1, a 0.78% decrease.
Official exchange rate closes week at N1,548.25/$1 as CBN takes action against illicit activities
The Naira exhibited a positive trend against the US Dollar in the official market, concluding the week at N1,548.25/$1.
Official exchange rate closes at N1609.51/$1 against dollar after CBN’s policy rate hike
The official exchange rate between the naira and the US dollar on Wednesday, February 28th, 2024, appreciated slightly by 0.4% ...
Currency volatility: Official exchange rate appreciates by 5.22% as intra-day high records N1778/$1
The Naira experienced a notable appreciation against the US dollar on February 26, 2024 as official exchange rate strengthened by ...
Naira strengthens by 7.43% to N1750 against dollar at the black market
The Naira witnessed a notable surge on Thursday, reaching a high of N1750 per dollar in the parallel market, commonly ...
Demand pressures: Official exchange rate settles at N1571.31/$1 as intra-day hits N1851/$1
The official exchange rate experienced a decline of 2.97%, settling at N1571.31/US dollar & intraday trading reached N1851 against the ...
Currency volatility: Intra-day high records N1755/$1 on sustained demand pressure
The Naira experienced a notable depreciation against the US dollar on February 21, 2024, peaking at an intra-day high of ...
Naira hits record low of N1,830 /$1 at the black market
The Naira on Wednesday experienced a significant depreciation, reaching a record low of N1,830 per dollar in the parallel market, ...
