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…
Browsing: Naira
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…
Nigeria’s central bank has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up its dwindling dollar reserves and prevent…