Naira Hits Record Low, Trading at N1348.63/$ on Official Market
The Nigerian Naira reached an unprecedented low of N1348.63 against the US Dollar on the official Nigerian Autonomous Foreign Exchange ...
Tag: Naira
Naira Appreciates to N891.90/$1 at Official Market
Naira recorded a significant gain against the United States Dollar at the official market on Friday, January 26, 2024. The ...
Naira Records to Historic Low of N1,410 Against the Dollar
Naira has tumbled to a record-breaking low, reaching N1,410 against the US Dollar. This significant depreciation, marking a 3.29% decline ...
Naira Depreciation Projected to Push Drug Imports Beyond N900bn in 2024
The ongoing depreciation of the naira is expected to result in pharmaceutical product imports costing over N900 billion in 2024. ...
Naira Rebounds to 900/$ at Official I&E Window After Days of Volatility
Naira experienced a remarkable rebound at the official Investors and Exporters (I&E) Window on Tuesday, marking a significant turnaround from ...
CBN Clears $7 Billion FX Backlog For 14 Banks, Turns to Airlines
Nigeria's central bank has successfully settled the entire foreign exchange forwards liability of 14 banks, marking a significant step towards ...
Naira Sinks Further Against the Dollar Despite CBN’s Interventions
The Nigerian naira experienced a further decline against the US dollar on Wednesday, January 17th, 2024, both at the official ...
Naira Hits Drops to N1300/$ at the Parallel Market, Calls for National Concern
Naira recorded a further depreciation against the US Dollar on Tuesday, January 16, 2024, reaching a new low of N1300/$ ...
Naira Hovers Around N1300/$ in Unofficial Market as U.S. Dollar Gains.
Naira remained stable within its lower range on both the Peer-to-Peer (P2P) market and the black market, while the U.S. ...
Naira’s Value Declines in P2P and Black Markets Despite FX Liquidity Boost
Despite efforts by Nigeria's central bank to inject liquidity into the official market and clear significant foreign exchange backlogs, the ...
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