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 ...
Tag: Naira
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/$1 ...
EIU Predicts Significant Depreciation of Naira and Other African Currencies in 2024
In a recent report titled "Strong Growth Amid Heated Elections and Financial Woes," the Economic Intelligence Unit (EIU) has forecasted ...
Naira Depreciates Further as CBN Lifts Crypto Ban
The naira experienced a significant dip, closing at N885.88 per dollar on December 22, 2023, marking a N23.97 depreciation from ...
Naira Weakens Against Dollar Following 5-Day Rally as CBN Addresses Cash Scarcity
After enjoying a five-day surge, the Nigerian naira faced a setback on Thursday, December 21, 2023, depreciating against the US ...
Naira Depreciates to N854/$ at Official FX Market Despite Increased Dollar Supply
The official foreign exchange (FX) market witnessed a decline in the value of the Nigerian naira against the US dollar ...
Naira Marginally Grows with 230.82% Surge in Dollar Liquidity
In a positive turn of events for the Nigerian economy, the domestic currency experienced a 0.17% appreciation, closing at N888.35 ...
Naira Falls Marginally Against Dollar, Hits Intraday High of N1186/$1
The Nigerian Naira experienced a marginal decline against the U.S. dollar on Tuesday, December 12, 2023, with an intraday high ...
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