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 ...
Tag: Naira
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 ...
Naira Appreciates by 27.16% Against Dollar in the Official Market
In a notable development on Monday, the Nigerian naira recorded a substantial appreciation of 27.16%, closing at N864.29 against the ...
Naira vs Dollars: FGN Budget Soars in Naira, but Weakens Against the Dollar
In a stark illustration of the economic challenges facing Nigeria, the Federal Government's budget has seen a significant surge in ...
Naira Rebounds, Surges by 10.67% to N837.77/$1 at Official Market
In a significant turn of events, the Nigerian naira witnessed a remarkable recovery against the dollar on Monday, December 4, ...
Naira depreciates to N935/$ in the Official Market.
In a concerning economic development, the Nigerian Naira started a new low on Monday, opening at N927.19 per dollar in ...
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