The International Monetary Fund (IMF) has reported that Nigeria’s local currency, the naira, is showing signs of stabilisation, partly due to recent interest rate hikes. In…
Browsing: Naira
Despite the increased supply of foreign exchange, the Naira depreciated against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, decreasing…
The Naira has depreciated significantly against the dollar in the foreign exchange market due to the inflation spike. According to FMDQ data, the Nigerian currency fell…
The Africa Pulse Report for October 2024 from the World Bank has shown that the cedi and three other currencies are the poorest performing in Sub-Saharan…
According to FMDQ data, the Naira resumed on a good note on Monday, gaining significantly against the Dollar in the foreign exchange market. The Nigerian currency…
The naira saw a substantial drop against the dollar in the foreign exchange market following yet another increase in the pump price of Premium Motor Spirit…
The dollar index remained steady as the naira showed some strength at the official market on Wednesday. This offered relief to both the naira and the…
According to FMDQ data, the Naira weakened against the Dollar in the foreign exchange market, beginning the week on a poor note. The Naira exchanged at…
The Nigeria Government has announced that Nigeria has officially begun selling crude oil and refined petroleum products in naira. In a statement on Saturday, Minister of…
The naira saw further gains against the dollar in the foreign exchange market, ending the week on a positive note. According to FMDQ data, the naira…