Tag
DOLLAR
The naira's wild dance against the dollar in the official as heightened concerns among residents in Africa's largest economy.
The Nigerian Naira reached a new historical low on Friday, December 8th, 2023, closing at N1,099.05 per dollar in the official market.
The intraday high recorded was N1137/$1 as the naira fell marginally against the U.S. dollar at the official market and closed flat at the parallel market on Thursday 30th November 2023.
The naira sustained its free fall Tuesday, closing at N881.88 per dollar in the official market and N1157 per dollar in the parallel market.
Forex turnover rose by 61.86% to hit $198.21 million as the naira further crashed against the dollar at both the official market and the parallel market on Wednesday 22nd of November 2023.
The structural issues facing the Nigerian economy have prevented the naira from benefiting from the US dollar's recent...
The naira fell against the U.S. dollar at the official but gained marginally at the parallel market after the local currency recorded a gain against the dollar in the official market the previous day.
The naira fell against the U.S. dollar at both the official and parallel market on Monday 13th November 2023 marking a reversal from the gain achieved last Friday.
The naira fell against the U.S. dollar at both the official and parallel market on Wednesday marking a sharp reversal from the temporary gain achieved last week.
Naira crashed against the dollar on Tuesday, falling to 869.91/$1 at the official market representing a 6.99% decline in the local currency.
The Nigerian naira depreciates against the dollar on Monday, 6th November 2023, closing at N809.02/$1 at the official market.
The value of the naira increased significantly on Sunday on the black market due to the high possibility of more foreign exchange inflows in Africa’s largest economy.