foreign exchange rate
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Nigeria Nigeria's Naira Surges to N856.57 Against the Dollar: Afreximbank's $2.25 Billion Boost Sparks Economic Momentum
The naira further strengthened against the US dollar on Monday, December 8, 2024, marking its third gain of the New Year. Closing at an impressive N856.57 to a dollar in the official market, the domestic currency witnessed a 1.45% appreciation, indicating a significant N12.56 gain over the... -
Nigeria Naira Plummets to 1,030/$ as Speculators Fuel Exchange Rate Decline
The Nigerian Naira faced a steep fall on Monday, hitting an average of 1,030 Naira against the US Dollar in the parallel market. This marked a significant loss, with an 8.42% decline compared to the N950 exchange rate at the close of the previous week. This alarming devaluation follows a recent... -
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Business Naira Hits Record Low at N930/US$ Due to Forex Shortage
The foreign exchange market in Nigeria continues to grapple with turmoil, and recent indicators suggest that the challenges stemming from the foreign exchange reforms in June 2023 are persisting. The Naira has faced further depreciation in the parallel market, falling to N930 per US dollar, down...- Wakanda
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Business Naira Appreciates to N736 per Dollar in I&E Exchange Window
The Nigerian naira showed signs of improvement as it appreciated to N736.62 per US dollar at the Investors and Exporters (I&E) window, which serves as the official exchange rate window in the country. This represents a notable 4.53 percent appreciation from the previous rate of N771.59 on the...- Wakanda
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Politics Tinubu and CBN Governor Confer Amid Rising Naira Exchange Rate Concerns
President Bola Tinubu of Nigeria has expressed concerns regarding the escalating exchange rate between the naira and the dollar, prompting a meeting with Folashodun Sonubi, the acting governor of the central bank. The purpose of their discussion was to explore strategies aimed at stabilizing the...- Wakanda
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