The Naira experienced a decline against the US Dollar in the official market, closing the week at N1,537.96/$1, amidst persistent demand pressures that continued to undermine...
The naira depreciated at the parallel forex market where forex is sold unofficially, the exchange rate quoted at N1,600/$1 as against the N1,565/$1 it traded the previous...
The intra-day high reached a peak of N1,582 against the US dollar on Wednesday, accompanied by a notable decline in forex turnover, which fell by 56.58%...
The Naira exchange rate worsened in the black market, sliding to N1517/$1, marking a 1.78 percent decrease from the previous day’s rate. Despite various policies implemented...
The Naira has lost about 68% of its value, marking a profound downturn since the implementation of the foreign exchange unification policy In...
The Nigerian naira plummeted to an all-time low of N1,534.39 per dollar on Monday, accompanied by a staggering 64.69% drop in forex turnover to $89.61 million....
In response to the current challenges related to dollar shortages, and the need to rebuild Nigeria’s foreign exchange reserves, receivers of foreign currencies from their relatives...
The naira rebounded on Friday, February 9, 2024 to reverse the loss of the local currency on Thursday, February 8, 2024 as the domestic currency appreciated...
The naira, yoyo movement continued on Thursday, February 8, 2024 as the domestic currency depreciated to N1,479.47/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM)...
The naira, yesterday, February 7, 2024 recovered slightly to appreciate to ₦1418.78/$1 data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown. This represents...
