Naira Falls To N847/$ in the Official CBN Rate

Nigeria’s Foreign Inflows Dip to N9.45 Billion in July, Prompting Concerns.

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

Where is the Nigerian Naira Headed?

by Stephen Akudike

October 9, 2023

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The Nigerian naira extended its slump in black-market trading at low as 1000/$ as the nation’s dollar shortage deepened two months after ...

Naira Faces Significant Depreciation in Q3 2023, Raising Concerns Over FX Stability

by Stephen Akudike

October 4, 2023

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The Nigerian currency, the naira, experienced a substantial depreciation in the third quarter of 2023, marking a concerning trend for ...

Naira Depreciates to N945/$ in the Parallel Market

by Stephen Akudike

September 14, 2023

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

Nigeria’s Forex Market Reacts to Exchange Rate Unification.

by Jide Omodele

September 13, 2023

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Nigeria's foreign exchange market has witnessed significant fluctuations since the recent announcement of the unification of all official exchange rate ...

Potential Protests and Economic Challenges Loom as Nigeria Prepares for Tinubu-Report.

From Crisis to Triumph: How Tinubu would address Nigeria’s Economic Challenges.

by Rate Captain

May 29, 2023

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Nigeria, Africa's largest economy, stands at a critical juncture as Bola Tinubu assumes the presidency, taking over from his predecessor, ...

Tag: External Reserves