Nigeria’s Foreign Exchange Struggles Lead to Extended Timelines for Letters of Credit
Nigeria is grappling with a significant decline in foreign exchange reserves, leading to extended timelines for issuing letters of credit ...
Tag: USD
Naira Appreciates Against Dollar, Hits N1,470/$1 in Parallel Market
In a surprising turn of events, the naira appreciated significantly against the dollar in the parallel market on Friday, May ...
Naira Recovers to 1,459.02/$ After Week-Long Decline
After experiencing a week of depreciation, the Nigerian naira made a significant recovery on Wednesday, trading at N1,459.02 per dollar ...
Naira Reaches Six-Week Low, Hits Intra-Day High at N1,515/$1 in Official Market
In a concerning turn of events, the exchange rate between the Nigerian naira and the US dollar surged to an ...
Naira Maintains Strength at Official Market Trading at N1136/$
The Nigerian naira has continued its upward trajectory against the US dollar in the official foreign exchange (FX) market, even ...
Customs FX Rate for Import Duties Surpasses Official Market Rate, Reaching N1,330/$
The current exchange rate for customs import duties and cargo clearance payments has surpassed the official foreign exchange market rate ...
CBN Executes FX Sale to BDCs at Rate of N1,251 per Dollar
The Central Bank of Nigeria (CBN) has announced the commencement of the second tranche of sales of foreign exchange (FX) ...
Naira Continues Steady Appreciation Against US Dollar, Reaching N1,382/$ at Official Market
The Nigerian naira maintained its upward trajectory against the United States dollar on Thursday, marking a notable gain of N18 ...
Naira Strengthens to N1,460/$ in the Parallel Market
In a significant turnaround, the Nigerian naira demonstrated resilience against the United States dollar on Wednesday, experiencing a notable surge ...
Naira Continues Decline Against US Dollar in Official and Black Markets
The Naira faced further depreciation against the United States dollar, continuing its downward trend in both the official and black ...
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