Naira Plummets to Record Low of N980/$ Amidst Soaring Dollar Demand - In a startling development, the Naira plummeted to its all-time low, reaching N980 against the dollar in the black ...
Unraveling the Puzzle: Why Brent Crude's Rise Doesn't Boost the Naira - Brent Crude's price and its relationship with Nigeria's currency, the Naira, presents a fascinating economic riddle. Despite Brent Crude's ...
Stabilizing Naira, Rejigging Fiscal Policies: U.S. Deputy Treasury Secretary's Message to Nigeria - In a recent visit to Nigeria, Wally Adeyemo, U.S. Deputy Treasury Secretary, outlined the critical factors necessary to ...
Stabilizing Exchange Rate: High Hopes for Nigeria's New Central Bank Governor - In a significant move, Olayemi Cardoso has been appointed the new governor of the Central Bank of Nigeria (CBN) ...
Naira hits record low of N955 as dollar scarcity worsens - On Friday, the Naira hit a new low of N955 to the dollar due to rising demand for the greenback ...
Naira weakens to N758 at I&E, N954 at P2P, and N950 per $1 at Black Market - Wednesday, September 13, the Naira weakened against the US Dollar in the Investors and ...
Naira declines to N941/$1 at P2P, N932/$1 at Black Market, and N773.50/$1 at I&E - On Monday, September 11, the Nigerian Naira had a poor start versus the US dollar in ...
Naira Strengthens on Official Market, Declines on Parallel - The Naira had mixed results against the US Dollar on Thursday, as the market took a breather after a tribunal ruled that ...
Clearing FX backlog is considered to boost investor confidence and stabilise naira - Analysts characterised the Central Bank of Nigeria's (CBN) proposal to reduce the foreign exchange (FX) backlog in ...
News summary: The naira experienced a 0.8% drop in value due to increased dollar demand on the parallel market, particularly from importers. The Central Bank of Nigeria's RT200 scheme has ...
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