Naira increases to 1609/$ at official market
On Wednesday in the official market, the value of the naira slightly increased in relation to the US dollar, reaching N1,609 from…
Dollar
Naira falls as banks’ dollar sales drop by $252m
Dollar sales at the Nigeria Autonomous Foreign Exchange Market on Friday decreased by $252 million to $84.1 million by Deposit Money Banks…
Naira closes at N1,537.96/$1 amid decline
The Naira witnessed a decline against the US Dollar in the official market, closing the week at N1,537.96/$1, amid persistent demand pressures…
Naira crashes further against dollar, sells N1,582/$1
The intra-day high for the Nigerian naira against the US dollar peaked at N1,582 on Wednesday, coinciding with a notable 56.58% decrease…
Banks dollar sale drops as naira falls to N1,479
Data collected on Thursday from FMDQ Exchange indicated that the total value of transactions registered at the official Nigerian Autonomous Foreign Exchange…
NAFEM: Dollar supply hits 180% as banks sell $440m
The official Nigerian Autonomous Foreign Exchange Market saw a 180.59 per cent increase in dollar supply on Friday, reaching $440.13 million. This…
Why naira-dollar can’t be stable – Minister
Christian George The Minister of Budget and Economic Planning, Atiku Bagudu, has revealed why naira to dollar exchange rate can not be…
EFFC Dangote raid crashes Nigeria dollar bond one week – Bloomberg
The Economic and Financial Crimes Commission raid last week on the offices of Aliko Dangote, Africa’s richest person whose empire dominates the…
Seven currencies greater than the US dollar
One of the most valued currencies in the world, the US dollar is the preferred lender for many nations looking to purchase…
Worst performing African currencies against US dollar in 2023 – Report
African currencies have recently suffered significant losses, particularly against the celebrated US dollar. AMBusiness reported that the depreciation has generated concerns about some…
Expect further naira depreciation come 2024 – Bloomberg
US-based media firm, Bloomberg has predicted a continuous slide in the Naira in 2024, the currency’s worst performance since 1999. According to…
Exchange rate falls N983/$1 as traders allege dollar scarcity
The black market exchange rate between the naira and the dollar fell to a record low of N983/$1 as currency brokers declared…