Tag: Naira
Browse our exclusive articles!
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...
Naira Reaches A Six-Month Low In The Official FX Market
On Tuesday, the naira fell to a six-month low of N1,656.49 per dollar in the official foreign exchange (FX) market, owing to high demand...
