Naira bounces back, rises to N831.47/$1 at the official market
The Nigerian naira appreciated against the dollar on Wednesday, 29th November 2023, closing at N831.47/$1 at the official market.
Tag: Naira
Old naira notes to remain legal tender until further notice, Supreme Court rules
The Nigeria Supreme Court ruled on Wednesday that the Old Naira notes will remain legal tender of the country till ...
Naira drags lower despite U.S dollar index hitting a three-month low
The Naira lost value on Tuesday, trading at N881.88/$1, down from N814.60/$1 on Monday, according to official data from FMDQ.
Naira Devaluation: MTN Nigeria’s Profits and Outlook
The significant foreign exchange losses incurred by MTN Nigeria, attributed to the devaluation of the naira, have exerted an adverse ...
Intraday high hits N1,130 as naira falls to N814.60/$1 against the dollar at the official market
The intraday high recorded was N1130/$1 as the naira fell against the U.S. dollar at the official but closed flat ...
How to hedge your naira-denominated assets with dollar-based assets
The Naira is currently trading close to its all-time lows. In a little under a year, the Naira has fallen ...
Naira makes dramatic comeback, surging over 20% to 794.89/$1 at official market
The Nigerian naira stages a comeback to appreciate massively against the dollar on Friday, 24th November 2023, closing at a ...
Naira’s rapid depreciation continues as NAFEM closing rate hits N956.33/$
The naira fell to a new low on Thursday, closing at N956.33 per dollar in the official market and N1165 ...
Forex turnover hits $198.21 million as Naira drops to N840.53/$1 at the official market
Forex turnover rose by 61.86% to hit $198.21 million as the naira further crashed against the dollar at both the ...
Naira maintains stability in crypto market as Nigerians digest Binance $4.3 billion settlement
The Naira maintained its stability in the crypto market despite the $4.3 million settlement with U.S authorities as it traded ...
