Tag: Naira
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Airtel Records $549M Foreign Exchange Loss on Naira, Kwacha Devaluation
Airtel Africa, Nigeria's second-largest telecoms operator, recently announced substantial financial setbacks due to currency depreciation in important markets such as Nigeria and Malawi.
For the...
Naira’s hold on the illicit market weakens as the US dollar gains ground
The naira traded close to its low on Wednesday due to strong demand for the haven currency in Africa's largest economy, while the US...
Naira Gains to N1354/$ Despite Limited Dollar Supply
Despite the market's low dollar liquidity, the naira strengthened versus the dollar on Monday at the official foreign exchange (FX) market.
According to data issued...
Naira declines to N1,402.67 in the most recent official market trade
The Naira had a minor dip during the first trading session of May at the NAFEM window, closing at N1,402.67 to the dollar, a...
Naira Falls 5.8% Versus the US Dollar in April, Depressing Prospects
The Nigerian Naira had a sharp decrease at the end of April, officially finishing at N1,390.96/$1 in the NAFEM, the official exchange rate market.
This...
