Tag
NAIRA
The Naira experienced a notable appreciation against the US dollar on February 26, 2024 as official exchange rate strengthened by 5.22% to N1582.94/$1.
The naira experienced a significant uptick on Monday, reaching a peak of N2100 per Great British Pound (GBP) in the parallel market, commonly referred to as the black market.
The naira, week on week, posted some recovery against the haven currency at the unofficial market as CBN set in motion its MPC meeting.
Few days back, I published an article on the forex crises and the need to keep faith and hope alive.
The Naira experienced a decline against the US Dollar in the official market, concluding the week at N1,665.50/$1, amid sustained demand pressures that continued to exert downward pressure on the currency's value.
The Federal Government has insisted that the ongoing reforms in the foreign exchange market is beginning to yield results, with the naira stabilizing and the forex market experiencing surge of inflows.
The Naira witnessed a notable surge on Thursday, reaching a high of N1750 per dollar in the parallel market, commonly known as the black market.
The official exchange rate experienced a decline of 2.97%, settling at N1571.31/US dollar & intraday trading reached N1851 against the dollar
The parallel market exchange rate has experienced a significant decline, plummeting to a record low of N1960 per Euro.
It has been a tumultuous twenty-four hours after the exchange rate between the naira and USDT, plummeted to approximately N1900/USDT before subsequently rising to N1354.3.
The Naira experienced a notable depreciation against the US dollar on February 21, 2024, peaking at an intra-day high of N1,755.
The Naira on Wednesday experienced a significant depreciation, reaching a record low of N1,830 per dollar in the parallel market, commonly referred to as the black market.