By Sodiq Adelakun Nigeria’s currency, the naira, has reached a record low as it traded at N1,100 per dollar on the black market. This information was...
By Sodiq Adelakun The Nigerian currency experienced a depreciation against the US dollar on Monday due to a decrease in liquidity in the foreign exchange market....
By Sodiq Adelakun The Naira experienced a slight appreciation to N764.86/$1 at the close of business on Friday following the Central Bank of Nigeria’s announcement of...
By Sodiq Adelakun Naira’s decline in the parallel market has been a cause for concern as demand consistently outpaces supply. Forex traders are now selling at...
By Sodiq Adelakun The Naira has plummeted to N1,025 per dollar in the parallel foreign exchange market due to a worsening scarcity of forex. Ahmed Gazali,...
By Sodiq Adelakun In a concerning development, the Nigerian naira on Tuesday has fallen to N1,010 per dollar on the black market, also known as the...
The Nigerian naira was trading at N1008/$ in the peer-to-peer market on Monday as traders assessed the forex market situation amidst the ongoing crisis in the...
The Minister of Innovation, Science and Technology, Chief Uche Nnaji on Friday said Nigeria must increase production to strengthen the naira and boost the economy. Nnaji...
By Sodiq Adelakun Naira has been unequivocally identified as one of the most underperforming currencies in the vast continent of Africa, as astutely highlighted in a...
By Sodiq Adelakun Despite increased dollar liquidity at the official foreign exchange market, the Nigerian Naira fell by 1.48% on Wednesday. At the close of trading...