Tag: Naira
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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...
Nigeria’s Inflation Eases to 22.97%: CBN Policies Show First Signs of Success
Africa's largest economy's inflation is finally on the decline, presenting initial signs that the policy strategy adopted by the Central Bank of Nigeria (CBN)...
Naira Slides to N1,600 as Market Eases and CBN Acts
The Nigerian naira traded at about N1,600 against a dollar in the parallel market on Tuesday, as the currency remains under pressure.
The local currency...
