Inflation bites harder, renders N20, N10, N5 ‘irrelevant’
In major markets, prices of goods are shifting away from the lower denominations of the Naira currency due to worsening inflation. Not too long ago, […]
Naira
Naira appreciates to N1,000 per dollar at FX black market
The Nigerian currency, the Naira, strengthened to N1000 per US dollar at the beginning of Monday’s foreign exchange market session, as reported by Mistila Dayyabu, […]
Naira appreciates N351 against Dollar at forex in one month
According to data from FMDQ on the dollar exchange rate spanning from March 8 to April 5, 2024, the Naira has experienced a positive shift, […]
Naira Gains To N1,560.57/$1 At Official FX Market
The Naira has strengthened on the official market to N1,560.57 against the dollar, driven by foreign exchange reforms. The summary of FX trading on Tuesday […]
Naira appreciates against US dollars at forex market Friday
The Naira experienced a modest appreciation against the US dollar and other currencies in the foreign exchange market as the trading day concluded on Friday. […]
Nigerians groan as Naira scarcity persists nationwide
A few days into the Christmas and New Year festivities, Nigerians are once again grappling with a shortage of Naira notes. Despite assurances from the […]
Naira Devaluation: External reserves fall by $1.65bn in six months
In the midst of ongoing foreign exchange volatility, Nigeria’s foreign exchange reserves have decreased by $1.6 billion to $32.97 billion since the Central Bank of […]
Naira gains against US Dollar amid rising inflation
On Wednesday, the Nigerian currency, the naira, showed resilience against the US Dollar, despite the country experiencing a significant inflation rate. According to FMDQ data, […]
NGX Partners CSCS, Euroclear to Create Dollar Settlement Platform for Fintechs
The Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement […]
Naira Slump: Fuel Price May Go Up, Say Marketers
The fall of the naira against the United States dollar, coupled with the recent rise in global crude oil prices, is making Nigerians apprehensive of […]