Naira Struggles as Oil Prices Drop Below $70 for the First Time Since 2021
In a significant development for the global energy market, Brent crude oil prices have dipped below $70 per barrel for ...
Tag: Naira
Naira Appreciates to N1,580.46 at I&E Window, Boosted by CBN Dollar Sale
The Nigerian naira showed significant recovery against the US dollar at the official Investor and Exporter (I&E) window, closing at ...
Naira Depreciation Persists, Approaches N2,000 per Dollar
The naira continues its downward slide in the foreign exchange market, marking its third consecutive day of depreciation as the ...
Naira Hits Six-Month Low, Trading at N1,625.88 per Dollar
The Nigerian naira has fallen to a six-month low, trading at N1,625.88 per dollar in the official Nigerian Autonomous Foreign ...
Naira Weakens Against U.S. Dollar in Final August Trading Session
The Nigerian naira experienced further depreciation against the U.S. dollar during the final trading session of August, reflecting ongoing challenges ...
Naira Rebounds After Brief Plunge Beyond N1,600 Mark in Official and Parallel Markets
The Nigerian naira made a strong recovery on Thursday, August 29, 2024, after briefly crossing the N1,600 mark against the ...
Naira Nears N1,600/$1 as Daily Forex Turnover Hits 2024 Low
The Nigerian foreign exchange market is experiencing a significant downturn, with the average daily forex turnover hitting its lowest point ...
Nigeria’s Capital Outflows Surge to $1 Billion in April 2024, Driven by Capital Reversals
In April 2024, Nigeria experienced a notable surge in capital outflows, reaching a total of $1 billion, marking a significant ...
Nigeria’s FX Turnover Hits $7.4 Billion in July, Reflecting Increased Trading Activity
Nigeria's foreign exchange (FX) market experienced a significant boost in trading activity in July 2024, with a turnover of N11.48 ...
CBN Adjusts Customs Duty Exchange Rate, Reduces Costs for Importers
The Central Bank of Nigeria (CBN) has implemented a new exchange rate for calculating customs duties, offering relief to importers ...
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