Tag
NAIRA
The naira settled at N2,205/£ against the British pound sterling on the informal market on Sunday. The Nigerian...
The naira ended the week on a slightly weaker note in the parallel market, trading at N1,560/$1 on Friday.
The Central Bank of Nigeria (CBN) says the naira is one of the strongest currencies in the world,...
The naira is in its longest stretch of stability this year, holding within a narrow band of N1,520–N1,537 per dollar for almost eight weeks, from mid-June to early August.
The naira slipped marginally against the safe-haven currency during the first trading session of the week, while the dollar showed strength in the global market.
The Nigerian currency witnessed a return of high market volatility in the Nigerian unofficial market amid increased demand and a strong U.S dollar index.
The naira converged on Monday, as the local currency stabilized in the parallel market while increasing slightly in value in the official market.
Africa’s richest man and Chairman of Dangote Group, Aliko Dangote, has stated that the Nigerian economy will witness a more favourable exchange rate as market conditions continue to improve.
The Naira closed the week on a high note in the parallel market, reaching N1,520/$1, making it the...
The Nigerian naira's exchange rate stayed muted against the US dollar on the unofficial secondary foreign exchange market after the CBN decided to keep the MPR unchanged for the 7th straight time.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that Nigerians are regaining confidence in the naira, crediting this development to a combination of fiscal discipline and targeted monetary reforms.
The Naira continued its downward trend this week and currently trades at N1,555/$1 on the parallel market on Wednesday, according to Nairametrics market survey in Lagos.