Tag: Naira
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Naira Gains Strength, Stays Below N1,450 Per Dollar in Parallel Market
In the parallel market, the Nigerian naira maintained its upward trajectory, trading at roughly N1,445 per dollar—a continuous rise from N1,455 noted earlier in...
Naira, Eurobonds Slide After Trump’s Threat Sparks Market Turmoil
Nigeria’s currency and Eurobond markets took a hit on Monday following threats issued by former U.S. President Donald Trump, triggering a selloff across emerging...
Naira Defies Historical October Slump, Gains Strength Amid Renewed Confidence
For years, October has carried a familiar pattern for Nigeria’s foreign exchange market — a period when the naira weakens under seasonal pressure before...
Printing Poverty: Why Bigger Naira Notes Will Only Shrink Nigeria’s Economy
When Quartus Economics recently advised the Central Bank of Nigeria (CBN) to introduce ₦10,000 and ₦20,000 notes to “restore the naira’s portability” and reduce...
Naira Gains Momentum as Dollar Weakens Ahead of Fed Decision
Continuing its recovery on Monday, the Nigerian naira rose against the U.S. dollar in both official and parallel markets, extending its consistent upward trend...
