Naira’s Decline Sparks Debate: Can Nigeria’s Economy Weather Global Pressures?
On Thursday, May 23, 2025, the Nigerian naira weakened to N1,586/$1 in the official market, marking its first depreciation since ...
Tag: Naira
Naira Gains Slightly at Official Market, but Exchange Rate Gap with Parallel Market Widens
The Nigerian naira showed modest improvement in the official foreign exchange market on Friday, closing at ₦1,599.01 to the U.S. ...
Naira Faces Pressure as Dollar Strengthens Despite Nigeria’s Oil Output Gains
The Nigerian naira remained under pressure in the parallel market, trading around N1,620.25/$ as demand for the U.S. dollar continued ...
Naira Slides to N1,612/$1 at Official Market Amid Lingering Forex Supply Challenges
The Nigerian naira continued its downward trend on Wednesday, May 7, 2025, closing at N1,612 to the U.S. dollar in ...
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 ...
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 ...
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