Tag: Naira rate
Naira Appreciates to N1,725/$ in Parallel Market
The Naira appreciated to N1,725 per dollar in the parallel market, while the NAFEM rate rose to N1,639.5 per dollar ...
World Bank Lists Naira Among Africa’s Worst Performing Currencies
The Nigerian Naira has been identified as one of the worst-performing currencies in sub-Saharan Africa, depreciating approximately 43% by August ...
Naira Strengthens Against Dollar in Official Market
The Naira strengthened by N28.34 against the dollar, trading at N1,468.99 per dollar, indicating a significant 1.89% appreciation Trading data ...
Naira Slides from Best to Worst Currency Performer, Bloomberg Reports
The Nigerian Naira's recent downturn contrasts sharply with its previous commendable performance, increasing pressure on the Central Bank The scarcity ...
Naira Could Potentially Trade Below N1,000/$, Goldman Sachs Forecasts
The naira maintains strength against the dollar, hitting a four-month high amid inflation concerns and expectations of delayed rate hikes ...
2024 Budget: N750/$ Rate, A Tall Order – Uwaleke
Capital market expert Uche Uwaleke expresses reservations about President Tinubu's 2024 budget, citing challenges in achieving the N750/$ exchange rate ...
CBN Adjusts Exchange Rate On Customs Platform To N770.88/$1
The Central Bank of Nigeria (CBN) has warned Nigerian Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) to be ...
Forex Traders Jittery Over Free Float Reports
Following reports of the Naira's possible free float on Wednesday, foreign exchange traders on the parallel market became nervous. This ...
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