Tag
NAIRA
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has addressed reports credited to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso of FAAC disbursement resulting in significant pressures in the FX market.
On October 17, 2024, the naira resumed its decline against the U.S. dollar, closing at N1,660.49 in the official Investors and Exporters (I&E) window.
The Governor of the Central Bank, Yemi Cardoso, stated that the sharp drop in the value of the naira presents an opportunity for the country to boost its exports to other nations.
The naira has lost ground, breaking the N16000/$ support level against the dollar in the official foreign exchange...
On October 15, 2024, the naira resumed its downward slide against the U.S. dollar, closing at N1658.97 in the official Investors and Exporters (I&E) window.
The Nigerian naira has been ranked among the worst-performing currencies in Sub-Saharan Africa for 2024.
The naira appreciated on the first trading day of the week at the official market, despite the U.S. dollar index reaching a two-month high against major currencies on Tuesday.
The Nigerian naira has plummeted to a new record low, closing at N1,700 per dollar in the parallel...
https://www.youtube.com/watch?v=PRYVs5ctFrA
The naira weakened against the U.S. dollar on October 11, 2024, closing at N1,641.27 in the official Investor and Exporter (I&E) window, despite crude oil futures remaining above $79 per barrel.
The naira appreciated against the U.S. dollar, closing at N1,561.76 in the official Investor and Exporter (I&E) window, as global oil prices remained steady above $77 per barrel.
The dollar index drifted sideways as the naira showed some strength at the official market on Wednesday, providing relief to the naira and the Nigerian capital market after a sharp decline in the last quarter.