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Category: naira

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Naira appreciates against dollar amid CBN interest rate hike

Naira appreciates against dollar amid CBN interest rate hike

The naira appreciated against the dollar at the foreign exchange market amid the Central Bank of Nigeria’s interest rate hike.…

Naira crashes against dollar on FX markets

Naira crashes against dollar on FX markets

The naira crashed against the dollar at both official and parallel foreign exchange markets to begin the week on a…

Naira appreciates against dollar

Naira appreciates against dollar

The naira appreciated against the dollar at the foreign exchange market at the close of business on Thursday. FMDQ data…

Naira appreciates against dollar

Naira appreciates against dollar

The naira appreciated against the dollar at the official foreign exchange market for the first time since last week. FMDQ…

Retire, go home – Inibehe Effiong slams Adeboye over ‘God saved Naira’ comment

Retire, go home – Inibehe Effiong slams Adeboye over ‘God saved Naira’ comment

A human rights lawyer, Inibehe Effiong, has told Pastor Enoch Adeboye of the Redeemed Christian Church of God, RCCG, to…

Naira resumes depreciation against dollar

Naira resumes depreciation against dollar

The naira returned to depreciation against the dollar at the foreign exchange market barely 24 hours after respite. FMDQ data…

Naira appreciates against dollar first time in a week

Naira appreciates against dollar first time in a week

The naira appreciated against the dollar at the foreign exchange market for the first time since last week. FMDQ data…

Naira begins week with depreciation

Naira begins week with depreciation

The naira continued to depreciate against the dollar in the foreign exchange market on Monday. FMDQ data showed that the…

Naira slumps against dollar to end on negative note

Naira slumps against dollar to end on negative note

The Naira depreciated against the dollar on Friday at the foreign exchange market to end the week on a negative…

Naira appreciates significantly against dollar as FX supply rises

Naira appreciates significantly against dollar as FX supply rises

The naira appreciated significantly against the dollar in the foreign exchange market as FX supply surged. FMDQ data showed the…

Naira appreciates against dollar as FX supply rises

Naira appreciates against dollar as FX supply rises

The naira appreciated against the dollar at the official foreign exchange amid a rise in FX supply. FMDQ data showed…

Naira appreciates against dollar as FX supply rises

Naira appreciates against dollar as FX supply rises

The naira appreciated against the dollar on Tuesday at the official foreign exchange market. FMDQ data showed that the naira…

Naira depreciates massively as FX supply drops

Naira depreciates massively as FX supply drops

The naira massively depreciated against the dollar at the foreign exchange market to kick off the week on a negative…

Naira: CBN signs agreement with IFC

Naira: CBN signs agreement with IFC

The Central Bank of Nigeria (CBN) said it has signed an agreement with the International Finance Corporation (IFC) to boost…

Naira appreciates slightly to end week on positive note

Naira appreciates slightly to end week on positive note

The naira appreciated consecutively against the dollar at the official foreign exchange market to close the week on a good…

Naira drops by N52 against dollar in 48 hours as FX supply plunges

Naira drops by N52 against dollar in 48 hours as FX supply plunges

The Naira dropped by N52.24 against the dollar at the foreign exchange market in the last 48 hours as FX…

Naira appreciates significantly to end week on good note

Naira appreciates significantly to end week on good note

The naira appreciated significantly against the dollar at the foreign exchange market to end the week on a good after…

Naira depreciates further against dollar

Naira depreciates further against dollar

The naira further depreciated against the dollar in the foreign exchange market. The FMDQ data showed that the naira again…

Naira loses N106.7 in 48 hours

Naira loses N106.7 in 48 hours

The naira lost N106.7 against the dollar in the last 48 hours at the official foreign exchange market. This comes…

Naira appreciates massively against dollar to begin week

Naira appreciates massively against dollar to begin week

The Naira strengthened significantly against the dollar at the foreign exchange market on Monday to resume on a good note.…

Naira depreciates against dollar to end week on negative note

Naira depreciates against dollar to end week on negative note

The naira depreciated against the dollar at the foreign exchange market to end the week on a negative note. FMDQ…

Naira drops against dollar amid fresh fuel price hike

Naira drops against dollar amid fresh fuel price hike

The naira depreciated significantly against the dollar at the foreign exchange market as the Nigerian National Petroleum Company Limited, NNPCL,…

Naira depreciates against dollar amid FX supply drop

Naira depreciates against dollar amid FX supply drop

The naira depreciated against the dollar at the foreign exchange market to begin the week as FX supply dropped further.…

Nigerian govt announces kickoff of Naira-for-crude sale with Dangote Refinery

Nigerian govt announces kickoff of Naira-for-crude sale with Dangote Refinery

The Minister of Finance, Wale Edun, has announced that the Nigerian government has begun the Naira-for-crude sale deal with Dangote…

Naira appreciates further against dollar to end week on good note

Naira appreciates further against dollar to end week on good note

The naira appreciated further against the dollar at the foreign exchange to end the week on a good note. FMDQ…

Naira depreciates massively against dollar after Independence Day

Naira depreciates massively against dollar after Independence Day

The Naira depreciated significantly against the Dollar at the foreign exchange market upon resumption of trading after Nigeria’s 64th Independence…

Naira drops against dollar ahead of Nigeria’s 64th Independence Day holiday

Naira drops against dollar ahead of Nigeria’s 64th Independence Day holiday

The naira depreciated slightly against the dollar at the foreign exchange market ahead of Nigeria’s 64th Independence Day holiday on…

Naira slumps massively against dollar in response to CBN’s interest rate hike

Naira slumps massively against dollar in response to CBN’s interest rate hike

The naira crashed massively against the dollar in the foreign exchange market amid the Central Bank of Nigeria’s fifth interest…

Naira depreciates as dollar supply drops on Monday

Naira depreciates as dollar supply drops on Monday

The naira depreciated against the dollar at the foreign exchange market to resume the week amid a drop in FX…

CBN: Naira fell by 51.5% against dollar in 12 months under Cardoso

CBN: Naira fell by 51.5% against dollar in 12 months under Cardoso

Nigeria’s currency, the Naira depreciated by 51.5 percent against the dollar at the official market in the last year under…

Dollar supply increases by 117% as Naira appreciates at FX market

Dollar supply increases by 117% as Naira appreciates at FX market

The supply of the Dollar and other currencies increased by 117 percent at the foreign exchange market as the Naira…

Naira appreciates against Dollar to end week on good note

Naira appreciates against Dollar to end week on good note

The Naira appreciated against the Dollar at the foreign exchange market to end the week on a good note. FMDQ…

Dollar supply drops as Naira depreciates on Thursday

Dollar supply drops as Naira depreciates on Thursday

The supply of Dollar and other currencies dropped at the foreign exchange market as the Naira exchange rate depreciated on…

Naira to dollar exchange rate records slight depreciation on Thursday

Naira to dollar exchange rate records slight depreciation on Thursday

The Naira slightly depreciated against the dollar at the close of trading at the foreign exchange market on Thursday. FMDQ…

Naira appreciates massively against Dollar

Naira appreciates massively against Dollar

The Naira appreciated massively against the dollar at the foreign exchange market on Wednesday, 24 hours after depreciation. FMDQ data…

Naira appreciation: Nigeria’s external reserves surge to .881bn – CBN

Naira appreciation: Nigeria’s external reserves surge to $36.881bn – CBN

Nigeria’s external reserves have increased to $36.881 billion as of September 11, 2024, from $36.305bn on August 30. This is…

Dollar-to-Naira exchange rate records N46 gain in last seven days

Dollar-to-Naira exchange rate records N46 gain in last seven days

The Naira recorded a N46.91 gain against the dollar at the official foreign exchange market on a week-on-week basis. FMDQ…

Naira appreciates massively against dollar, ends week on good note

Naira appreciates massively against dollar, ends week on good note

The Naira appreciated massively against the dollar at the foreign exchange market to end the week on a good note.…

Naira fell against dollar to end week on negative note

Naira fell against dollar to end week on negative note

The naira fell against the dollar on Friday at the official foreign exchange market to end the week on a…

Naira appreciates massively amid first decline in Nigeria’s inflation since 2022

Naira appreciates massively amid first decline in Nigeria’s inflation since 2022

The Naira appreciated massively against the dollar at the foreign exchange market in a swift response to the first decline…

Naira’s depreciation against dollar continues as FX turnover drops on Thursday

Naira’s depreciation against dollar continues as FX turnover drops on Thursday

The naira continued to depreciate against the dollar at the foreign exchange market at the close of Thursday’s trading. This…

Crude sales in Naira to Dangote Refinery, others will crash petrol price – Marketers

Crude sales in Naira to Dangote Refinery, others will crash petrol price – Marketers

Nigeria’s oil marketers have said the sale of crude oil to Dangote Refinery and other local refineries in Naira would…

Dollar supply drops by 18.26% to 1m as Naira depreciates

Dollar supply drops by 18.26% to $201m as Naira depreciates

Dollar supply at the official foreign exchange market dropped by 18.26 percent to $201 million as the Naira depreciated on…

Naira slumps against dollar first time in two weeks

Naira slumps against dollar first time in two weeks

The naira slumped on Tuesday against the dollar at the official foreign exchange market for the first time in two…

Naira continues to rise against dollar on Monday

Naira continues to rise against dollar on Monday

The naira continued its appreciation streak against the dollar at the official foreign market on Monday. FMDQ data showed that…

Naira rises massively against dollar to end week on good note

Naira rises massively against dollar to end week on good note

The naira appreciated massively against the dollar at both official and black markets to end the week on a good…

Naira continues to appreciate against dollar at official FX market

Naira continues to appreciate against dollar at official FX market

The naira continued its appreciation streak against the dollar at the official foreign exchange market. FMDQ data showed that the…

Naira gains against Dollar in black market

Naira gains against Dollar in black market

The Naira recorded a significant N10 against the Dollar at the black market foreign exchange on Thursday. A Bureau De…

Naira records three-day appreciation streak against dollar

Naira records three-day appreciation streak against dollar

The naira has recorded three consecutive days of appreciation against the dollar at the official foreign exchange market amid the…

Fitch downgrades Dangote Industries Limited over liquidity issues, Naira devaluation

Fitch downgrades Dangote Industries Limited over liquidity issues, Naira devaluation

Fitch Rating has downgraded Dangote Industries Limited, DIL, Aliko Dangote’s firm to ‘B+(nga)’ from AA(nga) putting the company on Negative…

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