By Opeyemi Abdulsalam The Nigerian currency, Naira, maintained its stability against the United States dollar at the official foreign exchange market on Wednesday, trading at N1,507.83 per dollar. According to data from FMDQ, this represents a marginal change of N0.04…
Financial experts have advised the Nigerian government on how to stabilise the Naira against the US dollar in the foreign exchange market. The Naira was quoted at N891.90 per dollar on Friday, while it stood at N1,420 per dollar on…
The Naira has appreciated against the US dollar, closing the week on an impressive note at the foreign exchange market on Friday. Data from FMDQ showed that the Naira weakened to N891.90 per Dollar on Friday from N900.96 per US…
By Sodiq Adelakun In the official foreign exchange window, the Nigerian Naira ended the trading day on Tuesday, January 23, with a stronger position against the US Dollar. The currency appreciated by 5.1 percent or N46.73, with an exchange rate…
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 market. According to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira…
The suspension of the ertwhile Governor of the Central Bank of Nigeria (CBN) by President Bola Tinubu had the Naira appreciate immediately which symbolised a good omen in forex market but the situation worsened with Naira trending now between N780…
The increasing free fall of naira in the foreign exchange market is perturbing as the forex trading determines fuel pump price increase by the marketers, inflation and Nigerian citizens are at the receiving end of the untold economic hardship. Though,…
