Data indicates that on Monday, the Naira experienced a 6% depreciation against the Dollar, reaching N1,234.49 to $1. FMDQ Exchange data, which monitors the Nigerian Autonomous Foreign…
Browsing: Naira
As the naira progressively improves against the dollar following months of unanticipated uncertainties, the Central Bank of Nigeria (CBN) announced on Monday the sale of $10,000…
On Sunday, August 15, 1971, the United States economy was literally facing a firing squad. The Dollar was in a mess. Price gougers were everywhere and…
In recent years, the economic outlook in Nigeria has witnessed a significant transformation, with the naira, the nation’s currency, experiencing a substantial decline in value against…
The Naira has experienced a significant decline in value, reaching ₦1,300 per US dollar at the parallel market. This represents a further depreciation in the parallel…
Nigeria’s currency, Naira experienced a historic decline in the parallel market on Tuesday, driven by persistent dollar shortages and a surge in demand for the greenback.…
A recent report from KPMG, titled “In Pursuit of Value,” reveals a significant decline in the weekly usage of Automated Teller Machines (ATMs) in Nigeria, dropping…
Nigerians hurried to purchase dollars a week after the central bank announced it would issue higher-value notes, causing the naira to plunge to a record low…
The Naira remained under pressure and fell across the foreign exchange (forex) markets as skepticism continued to fuel foreign inflows into the market. Official data and trading…
The Nigerian National Petroleum Corporation (NNPC) on Thursday disclosed it recorded an increased trading surplus of ₦20.36billion in July, an 858 per cent overall upswell in…