Tag
EURO
The naira took advantage of the situation in the European Union as it strengthened against the Euro amid the ongoing socio-economic crisis in France.
The Nigerian naira remained steady against the euro despite the European currency's aggressive surge against the U.S. dollar in international markets.
The Nigerian naira made a significant comeback in February 2025, appreciating against the US dollar, British pound, and...
The Nigerian currency remained firm against the euro in the parallel market amid the Conservative victory in Europe's largest economy.
The Nigerian currency posted strong gains against the European currency at the parallel market on the weekly spectrum amid ongoing reforms in Nigeria’s foreign exchange market and political uncertainty in Europe.
The Nigerian naira recorded marginal appreciation at both the official and parallel markets by the end of November, according to data from FMDQ and Bureau de Change (BDC) operators.
Euro skidded against the naira in the unofficial market on Monday after French President Emmanuel Macron called a snap election following a defeat in the European Union vote by the far-right.
A force that the global financial markets were not prepared for in 2024 is already affecting them: The dollar is strong again and seems to be here to stay.
The Naira reversed course yesterday, falling at the official window after rising for four days in a row despite the weakening of the US dollar.
The parallel market exchange rate has experienced a significant decline, plummeting to a record low of N1960 per Euro.
The dollar held to a 10-month high against a basket of major currencies (Euro, British pound, Japanese Yen, Swedish Krona, Swiss Franc, Canadian dollar) on Thursday, while the naira held to an all-time low on the black market as investors weighed upbeat economic data from the United States and new comments from Federal Reserve officials.
As the war in Ukraine persists, the Euro has plummeted to a five-year low compared to the dollar.