CBN Sells Dollars to BDCs at N1300/$1 As Naira Gains Ground in Parallel Market
In recent developments in Nigeria's foreign exchange market, the Central Bank of Nigeria (CBN) has taken significant steps to address ...
Tag: Naira
FX Crisis: Examining FX Manipulation, Crypto Platforms, and Regulatory Response
The Nigerian economy is currently facing significant challenges, particularly with the ongoing FX crises and the depreciation of the Naira. ...
IMF Warns of Further Depreciation of Naira, Predicts Exchange Rate to Hit N2,081/$1
The International Monetary Fund (IMF) has issued a cautionary forecast, predicting a potential 35% depreciation in the official exchange rate ...
Banks Sell $172 Million as CBN and EFCC Combat Currency Speculators
In a bid to curb the activities of currency speculators and stabilize the exchange rate, Nigerian banks have sold approximately ...
P2P market crosses N1800/$1 as Official Rates Settled at N1551/$
The Nigerian naira witnessed mixed fortunes in forex markets on Tuesday, February 20th, 2024, with the official exchange rate settling ...
African Currencies Face Devaluation Amid Economic Challenges
A combination of economic and political factors has contributed to the weakening of several African currencies, including the naira in ...
Atiku Criticizes Tinubu’s Forex Policies as Naira Plummets to N1,700/$
Former Vice President Atiku Abubakar has launched scathing criticism against the government of President Bola Tinubu, attributing Nigeria's deepening economic ...
Naira Resilience: Forex Sales Dip as Demand Surges
In a week marked by fluctuating forex dynamics, the Nigerian Naira showcased its resilience amidst shifting market conditions. Despite a ...
Naira Hits Historic High Against US Dollar Trading at N1610/$
In a significant development, Nigeria's currency, the Naira, soared to a historic high against the US dollar, reaching N1,607 in ...
Naira Trades at N1,498/$ as CBN Takes Action Against Racketeers
Naira experienced a slight appreciation against the United States dollar at the Nigerian Autonomous Foreign Exchange Market, closing at N1,498.25/$ ...
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