Naira’s depreciation against US dollar continues
The naira crashed to an all-time low against the US dollar, at the official and parallel foreign exchange markets, worsening…
Category: naira
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Again Naira depreciates against US Dollar as FX supply drops by 74% amid CBN interventions
The Naira depreciated significantly against the US dollar at the close of work on Friday. This is as FX supply…
Naira appreciates against US dollar at forex market amid CBN’s interventions
The Naira appreciated against the US dollar on Thursday amid the Central Bank of Nigeria’s recent interventions. Data from FMDQ…
Naira depreciates against US dollar as FX supply drops
Naira depreciated against the US dollar on Wednesday as the supply of foreign currencies dropped by 56.58 per cent to…
Naira appreciates against US dollar as FX supply surges by 202% at forex market
Naira recorded a marginal gain against the US dollar on Tuesday as the supply of foreign currencies surged by 202.97…
Naira crashes to N1,534 against US dollar at foreign market
The Naira depreciated to a record low of N1,534.39 against the US dollar at the foreign exchange market on Monday.…
Naira appreciates against US dollars at forex market Friday
The Naira appreciated slightly against the US dollar and other currencies at the foreign exchange market at the close of…
Lawmakers grill CBN governor, Cardoso over free fall of Naira
The Central Bank of Nigeria Governor, CBN, Yemi Cardoso, faced a very hostile crowd on Tuesday during his appearance before…
Fresh move by CBN to float Naira sparks concerns in Nigeria’s forex market
The recent move by the Central Bank of Nigeria, CBN, to further float the Naira in the foreign exchange market…
Naira gains against US Dollar at foreign market
The Naira recorded a significant gain against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s…
Naira: Dollar supply surge by 180 per cent at forex market over CBN intervention
The supply of US dollars surged at the official foreign exchange market, rising to 180.59 per cent to $440.13 million…
Naira free fall: Finance Minister, CBN governor, EFCC chairman meet, intensify action
The Finance Minister and Coordinating Minister for the Economy, Wale Edun has met with the Governor of the Central Bank…
Naira hits historic low, tumbles massively against US dollar at forex market
The Naira tumbled massively, falling to a historic low of N1,348.63 against the US Dollar in the foreign exchange market…
What Nigerian government must do to stabilize Naira – Experts
Financial experts have advised the federal government under President Bola Ahmed Tinubu on what to do to stabilize the Naira…
Naira tumbles against US dollar at foreign exchange market
The Naira depreciated against the US dollar at the foreign exchange market on Wednesday. Data from FMDQ showed that the…
Naira tumbles again against US dollar at forex market
The Naira has tumbled further against the US dollar in the foreign exchange market. Data from FMDQ showed that the…
Naira depreciates against US dollar at forex market
The naira depreciated marginally in the foreign exchange market on Friday. Data from FMDQ showed that the naira appreciated to…
Naira bounces back against US dollar at forex market
The Naira has recorded significant gains against the US dollar in the foreign exchange market. Data from FMDQ showed that…
It wasn’t deliberate – Buhari gives reason for Naira redesign policy
Former President Muhammadu Buhari has defended his administration’s Naira redesign policy. For Buhari, the policy implemented by a former Governor…
Naira again depreciates against US dollar at forex market
The Naira depreciated against the US dollar at the close of work day on Friday at the foreign exchange market.…
Naira records third gain against US dollar at forex market in 2024
The Naira recorded third gains against the US dollar at the official foreign exchange market on Monday. Data from FMDQ…
Naira extends gains against US Dollar at forex market
The Naira on Friday extended its gains against the US dollar at the official foreign exchange market. Data from FMDQ…
Naira records first gain in 2024 against US dollar at forex market
The Naira on Thursday recorded its first gain in 2024. Data from FMDQ showed that the Naira appreciated and traded…
Naira crashes further against US Dollar at official forex market
Naira drops to new low against US Dollar at official forex market The Naira reached a record new low on…
Naira drops by 49% year-to-date, ends 2023 at N907 against US Dollar
The Naira depreciated by a whopping 49 per cent year-to-date as the currency of Africa’s largest economy ended 2023 on…
Naira set for worst year since 1999 with no rebound in sight – Bloomberg report
Nigeria’s currency, Naira, has been rated among the world’s worst performing currencies in 2023. According to Bloomberg report, the currency…
Naira slumps to N1,043 against US dollar at official forex market
The Naira reached an all-time low on Thursday as it depreciated to N1,043.09 per US dollar in the official market…
Naira appreciates further against US Dollar at official forex market
The Naira resumed work positively after the Christmas holiday as it depreciated against the US dollar at the parallel market…
Naira: Nigeria’s external reserves shed $4.28bn in 2023
Nigeria’s external reserves have dropped by 11.55 per cent ($4.28 billion) year-to-date as the naira steadily fluctuates against the dollar…
Naira appreciates against dollar in forex market
The naira appreciated against the US dollar at the parallel market on Tuesday. A Bureau De Change Operator in Wuse…
CBN: Buhari’s ex-aide directed Emefiele to redesign Naira notes – Report
Former Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele has disclosed that the naira redesign was a…
Nigerians lament as Naira scarcity persist nationwide
Nigerians have gone on various social media platforms to lament the high rate of Naira scarcity in the country. The…
Fear mounts over banks’ deposit decline amid Naira scarcity
Nigerian banks’ Standing Deposit Facility has declined by 18 per cent to N2.4 trillion in November from N2.94 trillion in…
Naira appreciates against dollar at forex market
The Naira appreciated against the US dollar on Thursday at the official and parallel foreign exchange markets. Official data from…
Naira drops against US dollar at forex market
The Naira depreciated against the US dollar on Wednesday at the official foreign exchange market. Official data from FMDQ disclosed…
Zamfara PoS operators lament naira scarcity, say businesses folding up
Operators of Point of Sale, PoS, shops in Zamfara State have lamented that the current Naira scarcity in the country…
Naira appreciates against US dollar at forex market
The Naira began the week positively as it appreciated against the US dollar on Friday at the official foreign exchange…
Nigerians groan as Naira scarcity persists nationwide
Few days into the Christmas and New Year celebrations, Nigerians are again faced with the scarcity of Naira notes. The…
Scarcity of naira notes hits Ibadan as ATMs disappoint bank customers
Residents of Ibadan in Oyo State are currently groaning over the sudden disappearance of naira notes in the ancient city.…
Naira scarcity hits Abuja as ATMs fail to dispense cash
Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach Christmas.…
Naira bounces back, appreciates against US Dollar at forex market
The Country’s currency, the Naira, appreciated against the US Dollar on Thursday at the official foreign exchange market. Official data…
Naira scarcity hits Osun as bank ATMs fail to dispense cash
Over the weekend, customers of some commercial banks in Osogbo, the Osun State capital, expressed dissatisfaction with the poor services…
Naira slumps against Dollar at forex market
Nigeria’s currency, the Naira, slumped to N956.33 against the US Dollar on Thursday at the foreign exchange market. Official data…
Naira depreciates against dollar, loses N81
Nigeria’s currency, the naira, depreciated against the US dollar at the foreign exchange market on Tuesday. Official data from FMDQ…
Naira gains against dollar at weekend
Nigeria’s currency, the naira, gained against the US dollar at the foreign exchange market during the weekend. Official data from…
Naira fails to gain despite increase in Dollar supply
Nigeria’s currency, the Naira, failed to firm up against the US Dollar despite a 46.49 per cent rise in foreign…
Naira appreciates against Dollar
Nigeria’s currency, the Naira, appreciated against the US Dollar in the foreign exchange markets on Thursday. Data from the official…
BDC operator calls for collective efforts to stabilise naira
The managing director of 313 Bureau de Change, Alhaji Murtala Bashir, has emphasised the need for collective efforts to ensure…
Naira may appreciate to N600 against dollar—Tinubu’s aide Fasua
Dr Tope Fasua, a special adviser to President Bola Ahmed Tinubu, has projected that the naira may strengthen further to…
Nigeria grapples with naira fluctuations as exchange rates stifle economy, investors’ confidence
The volatility of the Naira against the US dollar continues to send shockwaves of uncertainty through Nigeria’s economy, affecting investors’…