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/$1, marking a 2.89% ...
Tag: Naira
Naira ranges near N2,200/£1 mark in the black market
The local currency traded lower against the British pound sterling in the last trading session of this week. The pound ...
Naira within N1,650/$ 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 ...
Currency outside bank drops to N3.66 trillion in July, biggest fall in 2024
The amount of currency outside the banking system in Nigeria decreased to N3.66 trillion in July 2024, marking the second ...
Naira loses grip as Dollar shows strength
The Nigerian currency began the week on a bearish note as the U.S. dollar index showed strong performance in the ...
Naira shows strength, dollar hits two-year low against British Pound
The Naira strengthened against the US dollar during Friday's trading session.
US Fed has signalled its time to cut interest rates; Here is what it means for Nigeria’s exchange rate
On Friday, August 23rd, the US Federal Reserve Chair, Jay Powell delivered a much awaited speech at the Jackson Hole ...
