Naira Sinks Further Against the Dollar Despite CBN’s Interventions
The Nigerian naira experienced a further decline against the US dollar on Wednesday, January 17th, 2024, both at the official ...
Tag: Naira
Naira Hits Drops to N1300/$ at the Parallel Market, Calls for National Concern
Naira recorded a further depreciation against the US Dollar on Tuesday, January 16, 2024, reaching a new low of N1300/$ ...
Naira Hovers Around N1300/$ in Unofficial Market as U.S. Dollar Gains.
Naira remained stable within its lower range on both the Peer-to-Peer (P2P) market and the black market, while the U.S. ...
Naira’s Value Declines in P2P and Black Markets Despite FX Liquidity Boost
Despite efforts by Nigeria's central bank to inject liquidity into the official market and clear significant foreign exchange backlogs, the ...
Naira Records Consecutive Gains Against Dollar as Forex Market Receives $2.25 Billion Boost
The Nigerian Naira continued its upward trajectory against the US Dollar on Monday, marking the third consecutive gain in the ...
CBN Clears $2 Billion Forex Debt Amid Naira Struggles
In a race against time to ease the stranglehold of a forex crisis, Nigeria's Central Bank has reportedly paid nearly ...
Naira Depreciates by 8.97% Despite Afreximbank’s $2.25 Billion Injection
In a tumultuous start to the New Year, the Nigerian naira experienced a sharp decline, tumbling by 8.97% against the ...
Nigeria FX Saga- Navigating Naira Valuation Paradox
Source: RateCaptain The considerable depreciation of the Nigerian naira is intricately tied to a series of global economic shocks, most ...
Naira Strengthens to N873/$ Following Public Holidays
After a two-day public holiday hiatus, the Nigerian Naira showcased signs of strength against the US Dollar, closing at N872.59/$1 ...
EIU Predicts Significant Depreciation of Naira and Other African Currencies in 2024
In a recent report titled "Strong Growth Amid Heated Elections and Financial Woes," the Economic Intelligence Unit (EIU) has forecasted ...
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