A persistent shortage of cash in Nigerian banks, following last year’s controversial redesign of the naira, has driven many citizens to rely heavily on point-of-sale (PoS)…
Browsing: Naira
The naira to dollar exchange rate has plunged to approximately N1,745 per dollar on the parallel market, a significant drop from the sub-N1,600 levels seen at…
The Naira has rebounded, gaining strength against the dollar at the official foreign exchange market just a day after experiencing depreciation. According to Central Bank of…
The naira settled at N1,538.50 per dollar in the foreign exchange market, marking a slight depreciation after a streak of appreciation. According to the Central Bank…
The Naira recorded significant appreciation at both the official and parallel foreign exchange markets on Friday, closing the week on a positive note. According to the…
The naira recorded a notable appreciation against the dollar in the parallel foreign exchange market on Wednesday. Abubakar Alhassan, a Bureau De Change operator at Wuse…
The Naira strengthened further against the dollar in the foreign exchange market, starting the week on a positive note. Abubakar Alhassan, a Bureau De Change operator…
The naira strengthened against the dollar at the parallel foreign exchange market (black market) on Wednesday. According to Abubakar Alhassan, a Bureau of De Change operator…
The Naira gained value against the dollar in the foreign exchange market following the increase in interest rates by the Central Bank of Nigeria. Data from…
The naira continued its decline against the dollar, ending the week on a negative note at the foreign exchange market. FMDQ data revealed that the naira…