Tag
NAIRA
The naira is projected to stabilize against the US dollar by the end of the fourth quarter of 2024, finishing the year strongly.
On October 4, 2024, the naira gained against the U.S. dollar, closing at N1,631.21 in the official Investor and Exporter (I&E) window, as global crude oil prices eye $80 per barrel.
The naira appreciated slightly against the U.S. dollar on October 3, 2024, closing at N1,659.26 in the official Investor and Exporter (I&E) window, amid a surge in market activity.
On October 2, 2024, the naira depreciated against the US dollar, closing at N1,669.15 in the official Investor and Exporter (I&E) window.
The Nigerian currency ended last month on a losing note, trading at N1,541.94/$1 on Monday, September 30, 2024, but showed strength throughout the month.
The naira strengthened against the US dollar on September 27, 2024, closing at N1,540.78 in the official Investor and Exporter (I&E) window.
The Nigerian naira took advantage of weak U.S. dollar index readings in the official market and a surprise interest rate hike by the CBN amid ongoing dynamics in Nigeria's fragile FX market.
The Nigerian naira appreciated against the US dollar, closing at N1,576.10 in the official Investor and Exporter (I&E)...
The Nigerian naira continued its slide against the US dollar, closing at N1,667.42 in the official Investor and Exporter (I&E) window on September 25, 2024.
The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) to begin collecting charges, fees, fines and others in Naira rather than in foreign currencies.
On Tuesday, September 24, 2024, the Nigerian naira further depreciated against the US dollar, closing at N1,658.48 in the official Investor and Exporter (I&E) window.