Tag: Naira
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Naira Strengthens as Market Confidence Pushes Exchange Rate Below N1,500
The naira showed resilience over the last week, recovering ground against the dollar and sinking below the N1,500 per dollar threshold for the first...
Naira Gains Strength as IMTOs Align with Official Market and Oil Firms Boost Dollar Supply
In recent weeks, Nigeria's foreign exchange market has seen more stability as licensed currency traders confirm that International Money Transfer Operators (IMTOs) are no...
Naira Holds Steady as Global Dollar Weakness Offers Relief
Beginning September, the Nigerian naira exhibited a stable showing in the parallel market, trading under N1,550 to the dollar, while the U.S. dollar started...
Naira Under Pressure as Currency Gap Between Official and Parallel Market Expands
Yesterday, the naira continued to lose value against the US dollar, thereby widening the gap between the official and parallel market exchange rates.
Based...
Naira Poised for Breakthrough as Policy Shifts and Global Moves Shape Market Sentiment
Nigeria's currency, the naira, is set to cross an important psychological and technical hurdle in the official market, as its journey towards the N1,500...
