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Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira appreciates to N1,515/$ in parallel market

The Naira has appreciated to N1,515 per dollar in the parallel market, up from N1,518 per dollar on Wednesday. Similarly, the Naira has also appreciated to N1,486.8 per dollar in the Nigerian Foreign Exchange Market. According to data published by the Central Bank of Nigeria, the exchange rate for the Naira fell to N1,486.8 per […]

Naira closes week stronger at N1,534.72/$ 
featured Finance

Naira appreciates to N1,518 in parallel market

The Naira on Tuesday appreciated to N1,518 per dollar in the parallel market from N1,520 per dollar on Monday. However, the Naira depreciated to N1,493.2 per dollar in the Nigerian Foreign Exchange Market. Data published by the Central Bank of Nigeria showed that the exchange rate for the naira rose to N1,493.2 per dollar from […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira appreciates, trades N1,530 at parallel market

The Naira has appreciated in value against the dollar in both the parallel market and the Nigerian Foreign Exchange Market. In the parallel market, the Naira on Thursday traded at N1,530 per dollar, up from N1,537 per dollar on Wednesday. Similarly, in the NFEM, the Naira appreciated to N1,490 per dollar from N1,498 per dollar […]

Finance

Naira falls to N1,537/$ in parallel market

The Naira experienced a depreciation in value against the United States dollar, both in the parallel market and the Nigerian Foreign Exchange Market. In the parallel market, the Naira fell to N1,537 per dollar from N1,535 per dollar on Wednesday. Similarly, in the NFEM, the Naira depreciated to N1,498 per dollar from N1,485.5 per dollar […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira appreciates against dollar, trades below ₦1,500

The Nigerian naira on Monday appreciated against the United States dollar, trading below the ₦1,500/$ threshold for the first time in over six months. Data from the Central Bank of Nigeria showed that the domestic currency closed at N1,497.46/$, compared to its previous close of N1,501.49/$, marking a 0.27% gain. The last time the naira […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
Finance

Naira rises to N1,500.91/$ in official market, highest since March

The naira was on the rise during mid-week trading in the official market. The local currency maintained its upward trend, closing at N1,500.91 against the American dollar on the Nigerian Foreign Exchange Market. This was the highest level ever recorded since March 5 on the Nigerian foreign exchange market. The local currency dropped below the […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira rises to N1,525/$ in parallel market

The Naira on Tuesday appreciated to N1,525 per dollar in the parallel market from N1,530 per dollar on Monday. Similarly, the Naira appreciated to N1,506.5 per dollar in the Nigerian Foreign Exchange Market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate of the naira fell to N1,506.5 per dollar […]

Naira closes week stronger at N1,534.72/$ 
featured Finance

Naira gains in parallel market to N1,530/$

The Naira on Monday appreciated to N1,530 per dollar in the parallel market from N1,535 per dollar last week Thursday. But, the Naira depreciated to N1,513 per dollar reaching a new level in the Nigerian Foreign Exchange Market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
Finance

Naira hits five-month high, trades near N1,515 to dollar

The naira traded near a five-month high at 1514.86/$ on the official window at the close of last week, according to data from the Central Bank of Nigeria. This indicates a strong start to September for the domestic currency, which started the month at 1,526.09/$ before closing at 1,514.86/$ on Thursday at the Nigerian Foreign […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira rises to N1,521.46/$1 at official market

The Naira has recorded its third consecutive gain against the United States dollar at the official foreign exchange market this week. According to the Central Bank of Nigeria’s data, the Naira continued its impressive run against the dollar, appreciating to N1,521.46 on Wednesday. This represents a significant gain of N4.6 on a day-to-day basis. In […]

BDC operators reject amended CBN licensing guidelines
Finance

Naira to close 2025 at N1,585.5/$1 — Standard bank

Standard Bank has adjusted its medium-term outlook on the Nigerian naira, projecting a 3.1 per cent depreciation against the United States dollar in 2025, but at a stronger level than previously forecast. In its latest projection, seen by Nairametrics on Wednesday, the bank expects the naira to close 2025 at N1,585.5/$1, compared to its earlier […]

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