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Naira shed 2.6% in March despite $668m CBN interventionThe naira depreciated by 2.4 per cent and 2.6 per cent in March at both the Nigerian Autonomous Foreign Exchange Market window and the parallel market compared to the previous month. According to ...
The naira traded against the dollar above the N1,600 mark to end the week on a negative note at both official and parallel foreign exchange markets. This comes as, according to Central Bank of ...
The naira depreciated significantly against the dollar at the official foreign exchange market, reaching its lowest point since United States President Donald Trump’s tariff announcement.
Market watchers warn that unless Nigeria stabilises its foreign exchange reserves and boosts exports, the naira may face even steeper declines in the coming weeks. The Nigerian Naira has become ...
THE Naira yesterday depreciated to N1,629 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate ...
Under its former GCEO, the NNPCL announced the end of the naira-for-crude initiative, raising concerns about a potential increase in forex demands and a rise in fuel pump prices. Nigeria ...
The Naira depreciated to N1,600 per dollar in the Nigerian Foreign Exchange Market (NFEM) today after three months of being on the N1,500 per dollar threshold. Data published by the Central Bank ...
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