External reserves fall by $1.8bn in 10 weeks
Nigeria’s foreign exchange reserves have been caught in a downward spiral, raising alarm bells among economists and policymakers. The Central ...
Tag: dollar
Naira Falls Back to Normal Range Against Dollar, Closes at N1,484.75
In a shift that tempered earlier optimism, the Nigerian naira depreciated against the dollar for the second consecutive day, closing ...
Naira Appreciates to N1,339.33/$1 on Official Market
The Nigerian Naira witnessed a significant appreciation against the US Dollar on Monday, marking a 10.71% increase and closing at ...
EFCC Raids Currency Speculators as Naira Falls to 1,520 per Dollar
In a significant crackdown, operatives of the Economic and Financial Crimes Commission (EFCC) conducted extensive raids on Bureau De Change ...
Naira Hits Two-Month Low of N1,419.11 Against Dollar as Foreign Inflows Drops
The naira experienced a significant decline on Monday, reaching its lowest level against the dollar in two months, as foreign ...
Naira Plunges to N1,450 Against Dollar, 8.28% Decrease During Trading Hours
The Nigerian naira experienced a sharp decline on Thursday afternoon, dropping to N1,450 per dollar in the parallel market. This ...
Dollar Strengthens Against Euro, Yen, and Yuan: Factors Behind the Surge
The global financial markets are witnessing an unexpected force in 2024: the resurgence of the US dollar. With the US ...
Naira Plummets to N1,234/$ at Official Market as Speculators Resume Hoarding
The Nigerian naira experienced a significant depreciation against the United States dollar, reaching N1,234 at the official foreign exchange market ...
Naira Appreciating Faster Than Expected: BDCs Buying Dollars at N980/$, ABCON Confirms
In a notable development for Nigeria's foreign exchange market, the Association of Bureau De Change Operators of Nigeria (ABCON) has ...
Dollar Firm as Tensions Rise in Middle East, U.S. Rate Hike Expectations Intact
Amidst escalating tensions in the Middle East and the anticipation of stubbornly high U.S. interest rates, the dollar remained firm ...
Popular Story
US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty
NGX Bearish Streak Deepens as Profit-Taking Erases N514 Billion from Market Value
Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions
MTN Nigeria Delivers N5.2 Trillion Service Revenue in 2025.
MPC Set to Deliberate Cautious Rate Easing as Disinflation Gains Traction