Tag
EXCHANGE RATE
The Naira has lost over half of its value in one year since Yemi Cardoso assumed office as the Governor of the Central Bank of Nigeria (CBN).
The exchange rate between the naira and the US dollar appreciated N1,541.52 at the official Investor and Exporter (I&E) window on Friday, September 20, 2024.
The local currency was unchanged against the greenback on Thursday as the haven currency firmed sharply, despite an interest rate cut by the U.S. central bank, which was offset by less dovish signals regarding future rate hikes.
The exchange rate between the naira and the US dollar appreciated to N1,539.65 at the official Investor and Exporter (I&E) window on Wednesday, September 18, 2024, as the dollar weakened following a 50-basis point rate cut by the U.S. Federal Reserve.
The exchange rate between the naira and the US dollar depreciated to N1,656.49 at the official Investor and Exporter (I&E) window on Tuesday, September 17, 2024.
The exchange rate between the naira and the US dollar appreciated N1,558.75 at the official Investor and Exporter (I&E) window on Wednesday, September 11, 2024.
The exchange rate between the naira and the US dollar depreciated by 3.61% at the official Investor and Exporter (I&E) window on Monday, September 10, 2024.
The exchange rate between the naira and the US dollar appreciated to N1,580.46 at the official Investor and Exporter (I&E) window on Monday, September 9, 2024.
The local currency traded lower against the British pound sterling in the last trading session of this week. The pound was trading at N2,112.8/£1 on the unofficial market.
In this episode, we look into the complex relationship between the recent fuel price hikes in Nigeria, the...
The dollar index remained near its weekly high, while the Nigerian naira fell below a key support line. The local currency dropped below the N1,600/$ support level in the black market.
The Naira strengthened against the US dollar during Friday's trading session.