nigerias naira
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Nigeria Naira Hits Record Low at N1,320/$1 Amid High Demand and Mass Departure of Overseas Nigerians
The Nigerian Naira experienced a significant drop, reaching a historic low of N1,320 per dollar—3.03% weaker than the previous day's closing rate of N1,280. This marks the lowest point since October 26, 2023. Analysts attribute the fall to a surge in demand for dollars. Businesses restocking... -
Nigeria Bloomberg Report: Naira Ranked Third Worst Performing Currency Globally in 2023
w In 2023, Nigeria's naira faced a significant setback, ranking as the world's third-worst performing currency, according to a Bloomberg report. Closing at N1,043 per $1 just days before the year-end, the naira showcased its weakest performance since the return to democracy in 1999. The... -
Nigeria Naira Defies Odds, Surges to N1113/$ in P2P Market
In a dramatic turn of events, the Nigerian Naira experienced a lightning-fast appreciation against the United States Dollar within a matter of hours in the Peer-to-Peer (P2P) market. Traders and economists were left astounded as the Naira's value soared, marking an incredible gain of N166...
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