Jitters for Naira as oil prices fall below $70 for the first time since 2021
Brent crude oil futures fell below $70 per barrel for the first time since December 2021, marking a new downturn ...
Tag: Naira
Naira shows recovery ahead of U.S. inflation data
The Nigerian naira strengthened as the U.S. dollar index edged lower ahead of the U.S. CPI data and the televised ...
Forex crisis threatens multimillion-dollar data centre investments in Nigeria
Data centre operators in Nigeria are grappling with the severe impact of the protracted forex crisis, which is now threatening ...
Naira appreciates to N1,580.46 at I&E Window with help from CBN’s dollar sale
The exchange rate between the naira and the US dollar appreciated to N1,580.46 at the official Investor and Exporter (I&E) ...
Naira rebounds below N1,600/$1 after three-day decline on official market
The naira made a notable recovery in the official market on September 6, 2024, closing at N1,593.32/$1, marking a 2.89% ...
Naira ranges near N2,200/£1 mark in the black market
The local currency traded lower against the British pound sterling in the last trading session of this week. The pound ...
Naira within N1,650/$ mark in black market
The haven currency posted mild losses in London’s trading session as renewed concerns over the U.S. economy’s growth outlook weakened ...
Nigeria’s exchange rate weakens to N1,625.88/$1, worst in six months
The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM ...
U.S. Dollar knocks down Naira in final trading session of August
In the final trading session of August on Friday, Naira traded at N1598/$1, indicating a continued drowning considering the N1593 ...
FX turnover falls by 25% in August as official market struggles for liquidity, stability
The Nigerian official foreign exchange (FX) market experienced a marked decline in turnover in August, despite the initial Retail Dutch ...
