Nigeria’s naira began the week on a strong note, appreciating against the US dollar at the official foreign exchange window.…
Browsing: Naira
Nigeria’s local currency, the naira, came under renewed pressure this week as it slid to ₦1,612 per dollar at the…
Nigeria’s local currency, the naira, continued its descent against the U.S. dollar, closing at ₦1,602.02/$1 at the official window on…
The Nigerian naira continued to decline against the US dollar on Monday, April 28, 2025, closing at ₦ 1,596 to…
The Nigerian naira held firm in the parallel market, staying within the N1,600–N1,605 per dollar range, even as the U.S.…
The Nigerian naira has depreciated to N1,600 per U.S. dollar in the official foreign exchange market, marking a significant downturn…
The Central Bank of Nigeria (CBN) made its first major foreign exchange intervention of 2025 on Friday, injecting $197.71 million…
Hello and welcome! In today’s trending news stories; 1. Between March 28 and April 2, 2025, brutal attacks by gunmen…
The Nigerian naira significantly dropped against the U.S. dollar on Thursday, shortly after President Donald Trump’s administration imposed a sweeping…
Hello and welcome! In today’s trending news stories; 1. During the ongoing Eid-el-Fitr celebrations on April 1, 2025, a violent…
Hello and welcome! In today’s trending news stories: 1. Edo State Governor, Senator Monday Okpebholo, has suspended the Edo State…
The naira is quickly becoming the world’s most erratic currency, according to Bureau De Change (BDC) operators operating under the…
Similar to an early 2024 spike eventually halted by foreign speculators selling out, the naira began the year with its…
Despite significant fluctuation in the dollar index after President Trump’s inauguration, the naira held steady versus the haven currency in…
Hello and welcome! In today’s trending news stories: 1. The Nigerian Senate and stakeholders commemorated Armed Forces Remembrance Day on…
The currency rate between the naira and the dollar closed the year at N1,535/$1, reflecting a 40.9% loss in 2024.…
Following the CBN’s interest rate hike, the Nigerian naira was strong in the official currency market but lukewarm in the…
The Nigerian naira is expected to decline to N1,621.7 to the US dollar by the end of the year despite…
As the U.S. dollar rises following Donald Trump’s return to the presidency, the Nigerian currency is preparing for difficulties. Last…
Following Wednesday’s sell-off, the U.S. dollar index rebounded, causing the Nigerian currency to decline modestly on the official market. On…
Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has admitted that the interest rate increase to 27.25%…
The naira rose slightly versus the US dollar on October 3, 2024, closing at N1,659.26 in the official Investor and…
In the official Investor and Exporter (I&E) window, the naira closed at N1,669.15 on October 2, 2024, after depreciating versus…
On Tuesday, the naira fell to a six-month low of N1,656.49 per dollar in the official foreign exchange (FX) market,…
According to reports coming in, President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to…
Justices Yellin Bogoro of the Federal High Court sitting in Lagos on Tuesday, July 16, dismissed a suit filed by…
Hello and welcome! In today’s trending news stories: 1. A prosecution witness has testified at the Federal High Court in…
The money supply (M3) reached a record high of N99.23 trillion in May 2024, and given banks’ predicted capitalization, it…
On Wednesday, the naira exchanged at N1,507.83 to the dollar in the official foreign exchange (FX) market, owing to enhanced…
Under growing pressure from the U.S. dollar index, the naira softened by 71 basis points in the official market, indicating…
