The Naira crossed the N1,000 mark to reach an all-time low of N1,099.05/$1 on Friday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has...
After falling to a record low of N951.22/$1 on Wednesday, December 6, 2023, the naira regained some ground to appreciate massively against the dollar on Thursday,...
The naira continued its yoyo on Wednesday as the Nigerian currency slumped to a new low of N951.22/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEX)...
The Nigerian currency, the naira continued its recovery against the dollar on Tuesday, December 5, 2023, to close at N806.73/$1 at the official Nigerian Autonomous Foreign...
The Nigerian naira, Monday, 4th December 2023, rebounded against the American dollar closing at N837.77/$1 at the official Nigerian Autonomous Foreign Exchange (NAFEX) window. This represents an...
The naira continued its freefall hitting a week’s new low on the first trading day in December to close at N927.19/$1 but closed flat at the...
The naira depreciated 0.10% to close at N832.32/$1 at the close of business on Thursday, the last day of November 2023 data from the Nigerian Autonomous...
The Nigerian naira, Wednesday, November 29, 2023, recovered from a three-day consecutive slump to gain N50.41 against the dollar to close at N831.47/$1 at the official...
The free-fall of the naira continued unabated at both the official and parallel markets on Tuesday. The Nigerian currency depreciated by 7.63% to close at N881.88/$1...
The naira slumped against the dollar on Monday, November 27, 2023, to close at N814.60/$1 at the official Nigerian Autonomous Foreign Exchange Market NAFEM window. This...
The naira staged a massive comeback to appreciate against the dollar on Friday, 24th November 2023, closing at a new high of N794.89/$1 at the official...
The naira, Thursday, November 23, 2023, continued its slump against the dollar at both the official and parallel market windows. The domestic currency depreciated 12.11% to...
The Naira further slumped against the dollar at both the official market and the parallel market on Wednesday 22nd of November 2023 to close at N840.53/$1....
The Nigerian naira began the week on Monday, 20th November 2023 on a strong note to close at N750.14/$1 at the official market as against the...
The currency-in-circulation (CIC) has reached a new high of N2.99 trillion by October 31, 2023, inching closer to the level it was before the naira redesign...
The Nigerian naira appreciated massively against the US dollar on Friday, 17th November 2023, closing at N791.75/$1 at the official Nigerian Autonomous Foreign Exchange Market (NAFEM)...
The naira, Thursday maintained its up-and-down movement falling against the U.S. dollar at the official market but appreciated marginally at the parallel market. This follows the...
The naira, Wednesday, halted a 2-day slump to appreciate against the US Dollar at the official market. The exchange rate between the naira and dollar rose...
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has disclosed that plans are in the offing to generate about $13 billion annual...
For the second consecutive day, the naira slumped against the US dollar at both the official and parallel markets. The exchange rate between the Nigerian currency...
The naira began the week by declining against the U.S. dollar at both the official and parallel markets on Monday 13th November 2023 indicating a reversal...
Buoyed by the news of the planned injection of a substantial amount of foreign exchange by Saudi Arabia into Nigeria’s forex market to boost liquidity, the...
It seems the efforts of the Federal Government and the Central Bank of Nigeria (CBN) to strengthen the naira might not yield the desired result after...
The naira seems not to be responding to the antidote administered to it by the Federal Government as the Nigerian currency continued its slump on Thursday...
It appears the sentiment that trailed the Central Bank of Nigeria (CBN) clearance of the forex backlog in banks which has seen the naira reverse its...
The Presidency has assured that President Bola Tinubu’s administration would remain relentless in working on policies that will strengthen the Naira. Tinubu’s Special Adviser on Economic...
For the second day running, the naira has again slumped against the American dollar at both the parallel and official markets While it slumped to around...
After days of consecutive strengthening of the naira against the dollar, the Nigerian currency recorded a slight dip against the greenback at both the official and...
Impressive gains by the Nigerian currency, naira, have started giving currency speculators a nightmare, as the Association of Bureau de Change Operators of Nigeria (ABCON), have...
Some sentiments driven by the federal government’s recent plans to shore up dollar liquidity in the foreign exchange (FX) market have seen the naira strengthened to...
For the second day running, the Naira continued its rebound against the United States Dollar on Friday, strengthening to N950/$ on the average in the parallel...
The recent recovery recorded by the naira against the dollar continued on Thursday as the Nigerian currency appears to be buoyed by reports that the Central...
The naira appreciated against the dollar at the official market but steadied at N1,170 on the parallel market relieving the pressure on the foreign exchange (FX)...
The recent two-day rally recorded by the Naira came to an end yesterday as the Nigerian currency shed N35 to fall to N1,185/$1 at the parallel...
The Central Bank of Nigeria (CBN) has debunked reports making the rounds that it was planning to redenominate or restructure the naira notes in 2024. The...
The Nigerian naira, on Monday, again resumed its downward trend after recording marginal gains against the US dollar as it commenced trading at 1,180 per dollar...
The Trade Union Congress of Nigeria (TUC) has lamented the continuous decline of the naira and its debilitating effects on the side on workers, through inflation....
The Nigeria Labour Congress (NLC), on Sunday, alleged that the love for foreign goods by government official is the major reason for the continous decline of...
The Nigerian currency, the naira continued its free fall on Thursday as it weakened in the parallel market closing at N1,175 per dollar. Ripples Nigeria reports...
The continuous decline of the Nigerian currency worsened on Wednesday, hitting a new record low across segments of the market. Ripples market monitor revealed that the...
The Nigerian currency, naira, on Thursday, continued its free fall at the parallel market, also known as black market, exchanging for N1,030 to a dollar. The...
A House of Representatives member, Ademorin Kuye has said there is a need for the Central Bank of Nigeria (CBN) to tackle the depreciation of the...
The Nigerian currency, the naira continued its free fall on Tuesday as it exchanged for the dollar at the parallel market at between 1,005/$ and 1,025/$....
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The Nigerian naira, on Thursday, had a mixed performance against the US dollar, strengthening on the black market but weakening through the Investors and Exporters (I&E)...
The World Bank has said that the Nigerian currency, Naira has weakened by 40 percent since mid June 2023 devaluation and is one of the worst-performing...
The naira exchanged for N756.21 to a dollar at the Investors and Exporters window on Wednesday. The naira lost 1.48 percent compared to the N745.19 it...
The official market closed Thursday’s foreign exchange trading with N738/$1 rate, as the authorised dealers of the Central Bank of Nigeria (CBN) reduced their asking price...
The value of the United States Dollar (USD) fell to a low of N475/$1 on Wednesday in the investors’ and exporters’ window of the official market,...
Foreign exchange authorised dealers in the investors’ and exporters’ (I&E) window slightly raised the rate of the dollar to N776.60/$1 on Tuesday, from N773.98/$1 rate reported...
