Naira shows price stability in unofficial market, CBN introduces FX Code
The Nigerian currency at the unofficial market maintained its face value at the second trading session of the week.
Tag: Naira
Inflation to drop to 24.7%, forex rate to average N1300/US$1 in 2025 – NESG
The Nigerian Economic Summit Group (NESG) has projected that inflation will drop to 24.7% in 2025.
Naira posts mild gains, U.S. dollar index dips to monthly lows
The naira posted mild gains in Nigeria's foreign exchange market while the U.S. dollar index dipped to its monthly lows.
Naira lingers at N1,667/$ despite high Dollar volatility
The naira maintained the N1660-7 range against the haven currency in the unofficial market despite high volatility in the dollar ...
Parallel Market Exchange rate stays stable at N1,660/$1 despite surge in crude oil prices
The naira dipped against the safe-haven currency at the official market amid rising oil prices in global markets.
Why the Naira will be stable in 2025
A recent report by Bayo Adedipe and Associates suggests the Naira will settle at N1,574/$1 in 2025. For context, the ...
Why the Naira could depreciate in 2025
The year 2025 is shaping up to be a year of hope or hubris for the Naira. Optimists believe that ...
Naira faces U.S. Dollar firepower amid strong employment data
The Nigerian currency remained relatively stable during the week's first trading session despite persistent pressure from the dollar's strength and ...
Naira weakens further, closes the week at N1,544.50/$1 on official market, hits N1,647/$1 in parallel market
The naira experienced sustained pressure across foreign exchange markets this week, closing at N1,544.50/$1 on the official market and trading ...
Naira muted in black market, U.S. jobs data takes spotlight
The naira was muted in the last trading session of the week, while the greenback reached a two-year high as ...
