Tag: US Dollar
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Naira Under Pressure In The Black Market Amid US Dollar’s Resiliency
The haven currency strengthened significantly on Thursday despite the U.S. central bank cutting interest rates, countered by less dovish indications about future rate hikes....
Naira Falls to Lowest Level Since March 15 Due to Trump’s Influence and Strong Dollar Demand
Despite the CBN's support, the naira dropped against the US dollar for a fifth day, falling to its lowest level since March as a...
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 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...
Naira Gains Momentum Despite Resistance at Key Support Level
The naira surged against the US dollar, reaching its highest point since its devaluation in January. Bolstered by growing confidence, the Nigerian currency strengthened...
