Naira Surges Overnight: Jumps from 1550 to 1400 Against the Dollar – Reasons Behind the Surge
In a surprising turn of events, the Nigerian Naira has undergone a notable resurgence in the foreign exchange market, swiftly ...
Tag: Naira
CBN Directs Banks to Sell Excess Dollar Holdings Within 24 Hours
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks to sell their surplus dollar holdings ...
CBN’s Bold Move: See what would happen to your dollar
The Central Bank of Nigeria (CBN) has recently unleashed a transformative circular, titled "Harmonisation of Reporting Requirements on Foreign Currency ...
Naira Hits All-Time Low Against Dollar as Experts Warn of Economic Fallout
The Nigerian naira witnessed a significant decline, reaching an unprecedented low of N1,482 against the United States dollar at ...
Naira Hits Record Low, Trading at N1348.63/$ on Official Market
The Nigerian Naira reached an unprecedented low of N1348.63 against the US Dollar on the official Nigerian Autonomous Foreign Exchange ...
Naira Appreciates to N891.90/$1 at Official Market
Naira recorded a significant gain against the United States Dollar at the official market on Friday, January 26, 2024. The ...
Naira Records to Historic Low of N1,410 Against the Dollar
Naira has tumbled to a record-breaking low, reaching N1,410 against the US Dollar. This significant depreciation, marking a 3.29% decline ...
Naira Depreciation Projected to Push Drug Imports Beyond N900bn in 2024
The ongoing depreciation of the naira is expected to result in pharmaceutical product imports costing over N900 billion in 2024. ...
Naira Rebounds to 900/$ at Official I&E Window After Days of Volatility
Naira experienced a remarkable rebound at the official Investors and Exporters (I&E) Window on Tuesday, marking a significant turnaround from ...
CBN Clears $7 Billion FX Backlog For 14 Banks, Turns to Airlines
Nigeria's central bank has successfully settled the entire foreign exchange forwards liability of 14 banks, marking a significant step towards ...
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