Currencies
Naira Slides Again in the Streets, Now N1,485/$ on Parallel Market
The naira took another quiet tumble yesterday in the black market, weakening to N1,485 per dollar from N1,475 the day...
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Naira Records Minor Decline in Official FX Market Amid Seasonal Demand Pressure
The Nigerian Naira depreciated marginally at the official foreign exchange market on Monday, closing at N1,451.86 per dollar, compared to...
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CBN’s Cash Limit Revisions Fuel Naira Flow Chaos, Drawing Outrage from Businesses and Experts
In a move hailed by some as a pragmatic thaw but decried by many as a reckless gamble, the Central...
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Naira Ends November Weaker at N1,446.90 per Dollar Despite CBN’s Aggressive Rate Hikes
The Nigerian naira closed the month of November on a softer footing, exchanging at N1,446.90 to the US dollar on...
Read moreNaira Firms to ₦1,446.74/$, Posts First Weekly Gain in a Month as Capital Inflows Hit $21 Billion
The naira staged a modest but meaningful recovery last week, appreciating 0.69% to close at ₦1,446.74 per dollar at the...
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Naira Extends Winning Streak, Rises for Third Day to N1,442.92/$ at Official Market
The Nigerian naira strengthened for the third consecutive trading session on Wednesday, appreciating by N3.40 against the US dollar in...
Read moreNaira Weakens to N1,456.72/$ in Official Market as Dollar Demand Outpaces Supply
The naira ended the week on a softer note, depreciating by nearly 1% against the U.S. dollar in the official...
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CBN Borrows N17.6 Trillion, Repays N14.7 Trillion Through Treasury Auctions
The Central Bank of Nigeria (CBN) raised a total of N17.59 trillion through fresh issuances of Treasury bills and federal...
Read moreNaira Edges Higher to N1,447.43/$1 at NAFEM Amid Rising Reserves
The Nigerian naira posted a modest appreciation of 0.04 per cent against the US dollar in the official Nigerian Autonomous...
Read moreNaira Slips for Second Day Running, Hits N1,438.71 per Dollar
The Nigerian Naira weakened for the second consecutive session on Tuesday, closing at N1,438.71 to the U.S. dollar in the...
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