Nigeria’s exchange rate revenue falls by 73% as FX arbitrage falters
Nigeria’s revenue from exchange rate gains dropped sharply by 73% in the first half of 2025, plunging to N589.45 billion ...
Tag: Nigeria’s exchange rate
Nigeria’s exchange rate weakens to N1,625.88/$1, worst in six months
The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM ...
Nigeria’s exchange rate closes at N1,603.80/$1 as naira hits worst level in four months
The naira has suffered further depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at N1,603.80/$1 on Thursday, ...
Naira drops to N460 against dollar
Naira has depreciated against the US dollar, as it dropped from N455/$1 to N460/$1 on Thursday afternoon.
Analysts explain when, why CBN could devalue naira by 5-10%
The report explains why a 5-10% devaluation of the naira is plausible amidst the CBN's recent monetary policies.
