The naira closed the week on a winning note appreciating further against the dollar on Friday, 5th December 2024 at the official market, marking the second...
The Nigerian Naira has reversed its two-day losing streak in the new year by gaining against the dollar for the first time on Thursday, January 4th...
After slumping against the dollar to N988.46/$1 on Tuesday January 2, 2024, the Nigerian Naira recorded another slump on Wednesday, January 3rd, 2024, closing at N1,035.12/$1...
The injection of $2.25 billion by the African Export-Import Bank (Afreximbank) to ease the country’s forex crunch seems to do little as the Nigerian naira kicked...
The naira recovered from the N1,043.09/$1 recorded on Thursday, December 28, 2023 to close the year at N907.11/$1 on Friday December 29, 2023 the last official...
The Nigerian Naira fell to a new low on Thursday, December 28th, 2023, closing at N1,043.09/$1 at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window....
In the first official trading session after the Christmas and boxing day celebrations, the naira gained against the dollar on Wednesday, 27th December 2023 at the...
Senate leader, Senator Opeyemi Bamidele, says the Federal Government would go after economic saboteurs who have made lives difficult and unbearable for Nigerians from next year....
On the last official trading day ahead of the Christmas celebration, the naira again weakened against the dollar on Friday, December 22nd, 2023, falling 2.71% to...
The Nigerian naira slumped further to depreciate against the dollar on Thursday, 21st December 2023, closing at N861.91/$1 at the official Nigeria Autonomous Foreign Exchange Market (NAFEM)...
The Nigerian naira reversed two days of gains to depreciate against the dollar on Wednesday, 20th December 2023, closing at N854.61/$1 at the official Nigeria Autonomous Foreign...
The Nigerian naira maintained the gain recorded on Monday to further appreciate against the dollar on Tuesday, 19th December 2023, closing at N844.85/$1 at the official...
The Naira gained marginally against the dollar on Monday, 18th December 2023 at the official market while slumping slightly at the parallel market. The domestic currency...
Despite the assurances by the Central Bank of Nigeria (CBN) that cash I circulation has hit N3.4tr and repeated statements by the apex bank on the...
The Naira appreciated slightly against the dollar on Thursday, 14th December 2023 at the official Nigeria Autonomous Foreign Exchange Market (NAFEM) window. The Nigerian currency appreciated...
The Nigerian naira further depreciated against the dollar on Wednesday, 13th December 2023, to close at N904.65/$1 at the official Nigeria Autonomous Foreign Exchange Market (NAFEM)...
Amid growing apprehension over cash scarcity in different parts of the country, the Central Bank of Nigeria (CBN) has reassured Nigerians that there are enough naira...
Following the massive gain of N234 recorded by the naira against the dollar on Monday, the Nigerian currency, Tuesday, December 12, 2023, slumped marginally against the...
The naira, Monday, December 11, 2023, rebounded from the record low of N1,099.05/$1 recorded on Friday, December 8, 2023, at the official Nigerian Autonomous Foreign Exchange...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market to the...
The possible reversal of the deterioration in Nigeria’s fiscal and external position as a result of the government’s reform effort has spurred global rating agency, Moody’s...
The Naira crossed the N1,000 mark to reach an all-time low of N1,099.05/$1 on Friday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has...
After falling to a record low of N951.22/$1 on Wednesday, December 6, 2023, the naira regained some ground to appreciate massively against the dollar on Thursday,...
The naira continued its yoyo on Wednesday as the Nigerian currency slumped to a new low of N951.22/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEX)...
The Nigerian currency, the naira continued its recovery against the dollar on Tuesday, December 5, 2023, to close at N806.73/$1 at the official Nigerian Autonomous Foreign...
The Nigerian naira, Monday, 4th December 2023, rebounded against the American dollar closing at N837.77/$1 at the official Nigerian Autonomous Foreign Exchange (NAFEX) window. This represents an...
The naira continued its freefall hitting a week’s new low on the first trading day in December to close at N927.19/$1 but closed flat at the...
The naira depreciated 0.10% to close at N832.32/$1 at the close of business on Thursday, the last day of November 2023 data from the Nigerian Autonomous...
The Nigerian naira, Wednesday, November 29, 2023, recovered from a three-day consecutive slump to gain N50.41 against the dollar to close at N831.47/$1 at the official...
The free-fall of the naira continued unabated at both the official and parallel markets on Tuesday. The Nigerian currency depreciated by 7.63% to close at N881.88/$1...
The naira slumped against the dollar on Monday, November 27, 2023, to close at N814.60/$1 at the official Nigerian Autonomous Foreign Exchange Market NAFEM window. This...
The naira staged a massive comeback to appreciate against the dollar on Friday, 24th November 2023, closing at a new high of N794.89/$1 at the official...
The naira, Thursday, November 23, 2023, continued its slump against the dollar at both the official and parallel market windows. The domestic currency depreciated 12.11% to...
The Naira further slumped against the dollar at both the official market and the parallel market on Wednesday 22nd of November 2023 to close at N840.53/$1....
The Nigerian naira began the week on Monday, 20th November 2023 on a strong note to close at N750.14/$1 at the official market as against the...
The currency-in-circulation (CIC) has reached a new high of N2.99 trillion by October 31, 2023, inching closer to the level it was before the naira redesign...
The Nigerian naira appreciated massively against the US dollar on Friday, 17th November 2023, closing at N791.75/$1 at the official Nigerian Autonomous Foreign Exchange Market (NAFEM)...
The naira, Thursday maintained its up-and-down movement falling against the U.S. dollar at the official market but appreciated marginally at the parallel market. This follows the...
The naira, Wednesday, halted a 2-day slump to appreciate against the US Dollar at the official market. The exchange rate between the naira and dollar rose...
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has disclosed that plans are in the offing to generate about $13 billion annual...
For the second consecutive day, the naira slumped against the US dollar at both the official and parallel markets. The exchange rate between the Nigerian currency...
The naira began the week by declining against the U.S. dollar at both the official and parallel markets on Monday 13th November 2023 indicating a reversal...
Buoyed by the news of the planned injection of a substantial amount of foreign exchange by Saudi Arabia into Nigeria’s forex market to boost liquidity, the...
It seems the efforts of the Federal Government and the Central Bank of Nigeria (CBN) to strengthen the naira might not yield the desired result after...
The naira seems not to be responding to the antidote administered to it by the Federal Government as the Nigerian currency continued its slump on Thursday...
It appears the sentiment that trailed the Central Bank of Nigeria (CBN) clearance of the forex backlog in banks which has seen the naira reverse its...
The Presidency has assured that President Bola Tinubu’s administration would remain relentless in working on policies that will strengthen the Naira. Tinubu’s Special Adviser on Economic...
For the second day running, the naira has again slumped against the American dollar at both the parallel and official markets While it slumped to around...
After days of consecutive strengthening of the naira against the dollar, the Nigerian currency recorded a slight dip against the greenback at both the official and...
Impressive gains by the Nigerian currency, naira, have started giving currency speculators a nightmare, as the Association of Bureau de Change Operators of Nigeria (ABCON), have...