Naira ends stable streak slightly weaker at N1,560/$1 as foreign reserves jumps to $40.7 billion
The naira ended the week on a slightly weaker note in the parallel market, trading at N1,560/$1 on Friday.
Tag: Foreign reserves
Naira stabilises as exchange rate gap narrows to N1 across parallel and official markets
The naira continued its recent streak of relative stability, closing the gap between the official and parallel exchange markets.
Exchange rate disparity returns as Naira appreciates to N1,545/$ officially, depreciates to N1,605/$ on parallel market
The exchange rate closed the week with a mixed performance, as the naira recorded a slight appreciation in the official ...
Naira loses over half of its value in Cardoso’s one year in office
The Naira has lost over half of its value in one year since Yemi Cardoso assumed office as the Governor ...
Nigeria now records monthly net inflow of $2.35 billion into foreign reserves – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country now records about $2.35 ...
Naira continues decline at official window, rebounds by 2.14% at parallel market
The Nigerian naira continued its downward trend against the US dollar at the official exchange window, closing at N1,309.88 on ...
Naira dips to N1,450 in rapid decline, 8.28% drop during trading hours
The naira experienced a decline on Thursday afternoon, falling to N1,450 per dollar in the parallel market.
Nigeria’s capital inflow falls to $1.57 billion in Q1 2022
Nigeria attracted a total of $1.57 billion in capital inflows in the first quarter of 2022, falling by 28.1% compared ...
CBN says oil theft is causing problems for foreign reserves
The Central Bank of Nigeria has agreed that increasing oil thefts on the economy is affecting the accretion of the ...
Foreign reserves fall to $40.66 billion on Xmas week
Nigeria’s foreign reserve dipped $485.41 million to settle at $40.66 billion from $41.15 billion as of 1 December 2021. This ...
