Naira Weakens Against U.S. Dollar Amid Market Pressures
The Nigerian naira experienced a slight decline at the start of this week, falling below the key support level of ...
Tag: Naira
Customs Exchange Rate Drops Slightly to N1512/$ Amid Naira Volatility
The exchange rate for customs duties collection in Nigeria has seen a minor decrease, dropping from N1,516/$ to N1,512/$ between ...
Naira Continues to Decline as Banks and BDC’s Hike FX Rates
The Nigerian naira has suffered another setback against the US dollar, both in the official and unofficial foreign exchange markets. ...
Nigeria Imposes 7.5% VAT on $57 Billion Crypto Market Transactions
Nigeria is poised to capitalize on its burgeoning cryptocurrency market, valued at $56.7 billion, by implementing a 7.5 percent value-added ...
Customs Exchange Rate for Import Duties Hits N1508/$
The Nigeria Customs Service (NCS) has announced a new exchange rate of N1508 per dollar for import duties, marking the ...
Nigeria’s External Reserves Reach $34 Billion, Highest Since March
Nigeria’s external reserves have surged to a significant milestone, hitting $34.07 billion in June 2024. This is the highest level ...
Naira Continues Downward Trend, Hits N1,507.83/$1 Amid Market Volatility
The naira has extended its depreciation streak to eight consecutive days, closing at N1,507.83 per dollar on Wednesday, according to ...
Naira Faces Renewed Pressure as CBN Governor Cardoso Remains Confident in Market Stability
The naira experienced renewed pressure in the official foreign exchange market on Tuesday, depreciating by 0.71 percent against the dollar. ...
Naira Falls to Lowest in 5 Weeks, Approaching N1,500/$1
The exchange rate between the naira and the dollar has dropped to a six-week low, closing at N1,490.2/$1 on Monday, ...
Naira Shows Stability in Official Market, Meeting Fitch Ratings Projections
The Nigerian naira demonstrated remarkable stability in the official market, maintaining alignment with Fitch Ratings' projections despite fluctuating within the ...
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