CBN Governor Reports Sharp Decline in Market Volatility Due to FX Reforms
Central Bank of Nigeria (CBN) Governor Yemi Cardoso has highlighted a notable decline in market volatility, which he attributes to ...
Tag: Naira
Naira Shows Mixed Performance: Gains in Official Market, Slight Decline in Parallel Trading
The Nigerian naira exhibited a mixed performance recently, with movements indicating both strength and vulnerability across official and parallel markets. ...
Naira Slips to N1,660.49 in I&E Window Amid Market Volume Surge
The naira continued its decline against the U.S. dollar, closing at N1,660.49 in the official Investors and Exporters (I&E) window, ...
Naira Breaks N1,650/$ Support Level in Official Market
The Nigerian naira has experienced a significant depreciation, falling below the crucial N1,650/$ support level in the official foreign exchange ...
Naira Plummets to Record Low of N1,700 Per Dollar in Parallel Market
The Nigerian naira hit a historic low in the parallel market, closing at N1,700 per U.S. dollar on October 14, ...
Naira Gains 1.69% in I&E Window as Global Oil Prices Near $80
On October 4, 2024, the naira strengthened by 1.69% against the U.S. dollar, closing at N1,631.21 in the official Investor ...
Naira Falls Behind as Report Reveals Africa’s 10 Strongest Currencies
Despite global inflation and low productivity across much of the African continent, several African currencies are holding strong against the ...
Naira Faces Pressure in Black Market as U.S. Dollar Strengthens
The Nigerian naira remained under pressure in the parallel forex market on Thursday, trading flat at N1,660 per U.S. dollar, ...
Naira Under Pressure as U.S. Dollar Strengthens After Fed Rate Cut
The Naira continued to face significant pressure in the parallel market, trading steadily at N1,660/$1 against the U.S. dollar on ...
Naira Drops to N1,656 at I&E Window Amid Volatility, Hopes for Recovery Linked to U.S. Fed Decision
The Nigerian naira depreciated further against the U.S. dollar, closing at N1,656.49 on September 17, 2024, at the official Investor ...
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