Naira Falls to N1,602/$1 at Official Market Amid Forex Scarcity
The naira weakened further on Tuesday, April 29, 2025, closing at N1,602.02 per dollar at the official Nigerian Foreign Exchange ...
Tag: Naira
Naira Holds Steady in Parallel Market as Dollar Gains Strength Globally
The Nigerian naira remained largely unchanged in the unofficial market on Wednesday, trading within the narrow band of N1,600 to ...
Naira Hovers at N1,600 as Dollar Index Slumps to Three-Year Low
The naira edged slightly higher at the official foreign exchange window on Monday, even as it hovered around the N1,600 ...
Naira Slides Despite $668 Million CBN Intervention in March
Despite significant efforts by the Central Bank of Nigeria (CBN) to defend the naira, the local currency weakened further in ...
Naira Faces Decline at Official Market, Hits ₦1,536/$
The Nigerian naira continued its downward trend at the official foreign exchange window last week, closing at ₦1,536.89 per dollar ...
Naira Faces Unprecedented Volatility, BDC Operators Raise Alarm
The Nigerian foreign exchange market is experiencing significant instability, with Bureau De Change (BDC) operators warning that the naira is ...
Naira Weakens in Nigerian FX Market as U.S. Fed Meeting Takes Center Stage
The Nigerian naira experienced a slight decline against the U.S. dollar in both the official and parallel foreign exchange markets ...
Naira Depreciates Below N1,600 Amid Forex Outflows and Global Trade War
The Naira has depreciated to N1,580 per dollar in the parallel market, marking its lowest value in five weeks, as ...
Naira Remains Stagnant Despite Weakening U.S. Dollar Index
The Nigerian naira showed little movement in the foreign exchange (FX) market on March 13, 2025, despite a decline in ...
Naira Weakens in Unofficial Market Amid Dollar Index Volatility
The Nigerian naira faced renewed pressure in the unofficial market on Tuesday, opening at N1,510 per dollar as the dollar ...
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