Naira Sustains Bullish Stance Despite Dollar’s Aggressive Gains
Amidst the dollar's recent robust performance, the Nigerian naira steadfastly maintained its bullish trajectory this week, bolstered by lingering concerns ...
Tag: Naira
Naira Continues 4th Straight Weekly Surge Amid Resistance at Key Support Level
In a promising development, the Nigerian naira continued its upward trajectory, marking its highest level against the dollar since its ...
Nigeria’s Foreign Exchange Reserves Drop by $1.02bn in 18 Days
Nigeria's foreign exchange reserves have experienced a notable decline, decreasing by approximately $1.02 billion over an 18-day period as the ...
Naira’s Depreciation Spurs Surge in Raw Material Imports, Hits N3 Trillion – NBS Report
In 2023, imports of raw materials into Nigeria surged by 25%, totaling N3 trillion, as reported by the National Bureau ...
Naira Surges Against Dollar: Hits N1278.58/$1 at Official Window, N1250/$1 on Parallel Market
The naira witnessed a notable surge against the US dollar during Tuesday's trading session, marking significant gains both at the ...
Customs FX Rate for Import Duties Surpasses Official Market Rate, Reaching N1,330/$
The current exchange rate for customs import duties and cargo clearance payments has surpassed the official foreign exchange market rate ...
Naira Dilemma :Analyzing CBN’s Strategies to Revive the Naira Value
In the face of unprecedented challenges posed by the rapid depreciation of the Nigerian naira, the Central Bank of Nigeria ...
Daily Forex Turnover Reaches Record High of $857 Million as Naira Strengthens
On Thursday, March 28th, the daily forex turnover surged to an all-time high of $857 million, marking a significant milestone ...
CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation
The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate ...
Naira Strengthens to N1,400 on Parallel Market, N1,408 on Official Window
On Tuesday, the naira experienced a further appreciation in value at the parallel segment of the foreign exchange (FX) market. ...
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