Tag: Naira
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Naira Faces Fresh Pressure at Official Market Despite CBN Interventions
Nigeria’s local currency, the naira, came under renewed pressure this week as it slid to ₦1,612 per dollar at the official foreign exchange window...
Naira Slides to ₦1,602/$1 as Dollar Shortage and Weak Inflows Deepen Pressure on FX Market
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 Tuesday, April 29, 2025.Â
This...
Naira Weakens to ₦1,596/$1 at Official Market as FX Pressures Persist
The Nigerian naira continued to decline against the US dollar on Monday, April 28, 2025, closing at ₦ 1,596 to $1 in the official...
Naira Holds Steady Despite Dollar Recovery and Global Market Tensions
The Nigerian naira held firm in the parallel market, staying within the N1,600–N1,605 per dollar range, even as the U.S. dollar regained strength globally.Â
The...
Naira Weakens to N1,600 as U.S. Dollar Index Hits Lowest Point Since 2022
The Nigerian naira has depreciated to N1,600 per U.S. dollar in the official foreign exchange market, marking a significant downturn from its previous rate...
