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. ...
Tag: Naira
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 $7 Billion FX Backlog For 14 Banks, Turns to Airlines
Nigeria's central bank has successfully settled the entire foreign exchange forwards liability of 14 banks, marking a significant step towards ...
Naira Sinks Further Against the Dollar Despite CBN’s Interventions
The Nigerian naira experienced a further decline against the US dollar on Wednesday, January 17th, 2024, both at the official ...
Naira Hits Drops to N1300/$ 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 ...
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