Market forces to blame as Naira loses more than a third of its value in 2 weeks
The naira recorded significant depreciation against the haven currency in a matter of few weeks despite the recent decline in ...
Tag: US Dollar
Naira stays stronger at black market amid a mixed bag of U.S economic data
The Nigerian naira held its value against the US dollar in the black market, but it slightly declined in the ...
Tether Custodian CEO explains importance of Stablecoins and how they impact US dollar
Tether Custodian CEO makes strong case for stablecoins stressing their importance to the US dollar.
Naira gains whopping 21.8% against dollar in March 2024, best in 5 years
The Nigerian Naira appreciated significantly against the US dollar throughout March 2024, marking a major turnaround for Nigeria's exchange rate ...
Naira stays above N1,600/$1 as traders await another “circular” Friday
The official market witnessed a slight gain in the value of the Naira against the US Dollar, reversing the downward ...
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 ...
US dollar fluctuates in a narrow range, naira maintains it record low
The US dollar fluctuated in a narrow range on Tuesday as traders took stock of developments in the Middle East ...
Naira closes the month at N769.25 to a dollar at I&E window, N770/$1 at BDC
Naira depreciated against US dollar at official market on 30th June 2023.
Strong US dollar hurts naira despite efforts unifying exchange rate
The Nigerian Naira has been in the spotlight for the past few days after reports of plans to unify multiple ...
Major actors sabotaging the naira
Approximately 5% of the Nigerian foreign exchange market is accounted for by the parallel market, which is often the scene ...
