The Nigerian naira experienced increased pressure in the foreign exchange market as it weakened against the US dollar due to low dollar supply at the official...
By Sodiq Adelakun The Naira is expected to face significant challenges in 2024. The exchange rate is predicted to further depreciate due to Nigeria’s stagnant reserves,...
By Sodiq Adelakun The Naira experienced a significant drop on Wednesday, reaching a record low of N1,320 per dollar on the black market. This represents a...
By Sodiq Adelakun The Nigerian naira is currently experiencing a significant decline in value, with the exchange rate surpassing N1,300/$ on the Peer-to-Peer cryptocurrency window. Traders...
The Naira had a bad day in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, January 12 as its value fell by 1.8 percent or...
The Nigerian Naira has continued to decline, reaching over N1,000 per dollar for the second time in 2024 on the official foreign exchange market. According to...
By Sodiq Adelakun Despite efforts by Nigeria’s apex bank to clear outstanding foreign-currency amounts owed in forward deals, the value of the naira has continued to...
The Nigerian Naira experienced a significant decline on Wednesday, January 3rd, 2024, closing at N1,035.12 per dollar in the official market. This is despite recent efforts...
By Sodiq Adelakun The Naira concluded the year 2023 with a staggering 49 percent depreciation against the US Dollar. As of the last trading day of...
The Nigerian Naira recorded a weak decline on Tuesday following a massive appreciation on Monday at the art of the week. The naira recorded an intraday...