Tag: Naira
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Naira Opens May Stronger at N1367 per Dollar as FX Stability Improves
Nigeria’s currency kicked off May on a positive note, appreciating to about N1367 against the dollar in its first trading session, extending the gains...
Naira Posts First April Gain Since FX Reforms as Market Stability Improves
Nigeria’s currency recorded a rare monthly gain in April, with the naira strengthening against the dollar for the first time in years during the...
Naira Drops to N1,383 as Falling Reserves Intensify FX Pressure
The naira slipped further in the official market on Tuesday, closing at N1,383 to the dollar as pressure in Nigeria’s foreign exchange space continued...
Naira Slides to N1,369 as Reserve Drop Fuels Forex Strain
The naira extended its losing streak at the official market on Monday, closing at N1,369 to the dollar, its weakest level in weeks, as...
Naira Slips as Falling Reserves Deepen Forex Pressure
The naira weakened at the official foreign exchange market last week, closing at N1,358.44 to the dollar, as pressure mounted on Nigeria’s external position...
