Official exchange rate closes at N1609.51/$1 against dollar after CBN’s policy rate hike
The official exchange rate between the naira and the US dollar on Wednesday, February 28th, 2024, appreciated slightly by 0.4% ...
Tag: Naira
Binance disables the naira feature on its P2P market
Binance, a widely used crypt exchange with over 170 million users worldwide disabled its peer-to-peer feature for Nigerian users.
Basic steps to hedge your local business against naira
The NGX's most recent earnings results reveal that PZ Cussons and Nigerian Breweries, among other blue-chip brands, FX exposures cost ...
Currency volatility: Official exchange rate appreciates by 5.22% as intra-day high records N1778/$1
The Naira experienced a notable appreciation against the US dollar on February 26, 2024 as official exchange rate strengthened by ...
Naira appreciates by 7.62% to N2100 against Great British Pound at the black market
The naira experienced a significant uptick on Monday, reaching a peak of N2100 per Great British Pound (GBP) in the ...
Naira stays above N1600 bandwidth at unofficial market as MPC meeting kicks off
The naira, week on week, posted some recovery against the haven currency at the unofficial market as CBN set in ...
Forex crises – the tipping point and the ‘Yepa’ Economy’
Few days back, I published an article on the forex crises and the need to keep faith and hope alive.
Official exchange rate closes week at N1,665.50/$1 amidst demand pressure and forex decline
The Naira experienced a decline against the US Dollar in the official market, concluding the week at N1,665.50/$1, amid sustained ...
Forex reforms: FG says naira already stabilizing, will go after saboteurs undermining the currency
The Federal Government has insisted that the ongoing reforms in the foreign exchange market is beginning to yield results, with ...
Naira strengthens by 7.43% to N1750 against dollar at the black market
The Naira witnessed a notable surge on Thursday, reaching a high of N1750 per dollar in the parallel market, commonly ...
