Tag: depreciation

In a shift that tempered earlier optimism, the Nigerian naira depreciated against the dollar for the second consecutive day, closing ...

Nigeria's official exchange rate plummeted to a month-to-date low of N1300/$1 on Tuesday, April 23, 2024, as reported by data ...

In 2023, imports of raw materials into Nigeria surged by 25%, totaling N3 trillion, as reported by the National Bureau ...

The International Monetary Fund (IMF) has issued a cautionary forecast, predicting a potential 35% depreciation in the official exchange rate ...

The Central Bank of Nigeria (CBN) was enveloped in tension as the Naira plummeted to an unprecedented low of N1,548.63 ...

In a significant development, the Federal Government, acting through the Nigerian Shippers Council (NSC), has made sweeping changes to port ...

The exchange rate between the Nigerian naira and the United States dollar witnessed a sharp fall on Tuesday, hitting N847/$1. ...

The World Bank's latest Africa's Pulse report has revealed that the Nigerian Naira has experienced a nearly 40 percent depreciation ...

The Nigerian Naira witnessed a decline of 1.48 percent on Wednesday, despite a boost in dollar liquidity in the official ...

The exchange rate between the naira and the US dollar traded for an average of N945/$1 on Thursday, September 14, ...