Tag: Naira
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Trump’s Return To The Presidency Will Put The Naira Through An “Acid Test”
As the U.S. dollar rises following Donald Trump's return to the presidency, the Nigerian currency is preparing for difficulties.
Last Friday, the official market saw...
Naira Struggles In The Official Market, As The US Dollar Index Recovers
Following Wednesday's sell-off, the U.S. dollar index rebounded, causing the Nigerian currency to decline modestly on the official market.
On Wednesday, October 30, 2024, the...
Cardoso Concedes That Raising Interest Rates To 27.75% Hurts Borrowers
Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has admitted that the interest rate increase to 27.25% is "painful" for borrowers,...
Naira Closes At N1,659.26 In The I&E Window, Edging Closer To The Dollar
The naira rose slightly versus the US dollar on October 3, 2024, closing at N1,659.26 in the official Investor and Exporter (I&E) window, despite...
Naira Declines By 8.25% In The I&E Window, With Market Turnover Hitting $176 Million
In the official Investor and Exporter (I&E) window, the naira closed at N1,669.15 on October 2, 2024, after depreciating versus the US dollar.
This represents...
