Nigeria’s exchange rate appreciates for third consecutive day, closes at N1,596.52/$1 on Wednesday
The naira has appreciated again to close below N1,600/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window.
Tag: Dollar
Naira on a 5th losing streak against the U.S. Dollar; Fed interest rate decision takes spotlight
The Naira posted its worst dip since April despite the weakening U.S. dollar index.
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The Nigerian naira showed little strength at the last trading session of the week, appreciating to below N1600 amid a ...
Naira posts best daily gains since March amid increased FX inflows, anticipated interest rate hike
The naira posted impressive gains against the haven currency amid increased inflows from the CBN, recording its best gains since ...
Nigeria’s official exchange rate crashes to N1,561, lowest level since March
The naira has suffered a significant depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, falling to N1,561.98/$1 on ...
CBN warns banks, FX dealers against rejecting old, lower dollar bill denominations in Nigeria
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) and authorized forex dealers, ...
Nigeria’s $91 billion debt, the best-case scenario to avoiding a blow up – By Kalu Aja
A review Nigeria's Q1 2024 debt portfolio, noting decreased total debt but rising costs due to higher interest rates.
Naira hits June low amid stronger dollar
The naira moderated by 71 basis points in the official market amid increased pressure from the U.S. dollar index, showing ...
Naira sustains N1500/$ bandwidth at black market
The naira maintained the N1500 bandwidth against the dollar at the parallel market, while the U.S. dollar index broke higher ...
Naira approaches N1500/$ border line as dollar index surged by 80 basis point
Naira posted significant losses against the haven currency at the last reading session of the week as investors increased their ...
