The Nigerian naira further appreciated against the dollar on Tuesday, 19th December 2023, closing at N844.85/$1 at the official market. The domestic currency appreciated 5.15 percent to close at N888.35/$1 to a dollar at the close of business on Tuesday,…
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 high of N1186/$1 against the U.S. dollar both at the official market and the…
Amidst complaints by some Nigerians about scarcity of Naira notes, the Central Bank of Nigeria (CBN) says there is adequate supply of the currency. The News Agency of Nigeria (NAN) reports that CBN gave the assurance against the beck drop…
The Nigerian Naira weakened to a new low on the American Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 8, amid speculations that the Central Bank of Nigeria (CBN) has again devalued the local currency. In…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has responded to complaints from Nigerians about a scarcity of Naira notes, stating that there is an adequate supply of the currency. This assurance comes in the face of complaints from…
The National Council for Arts and Culture (NCAC) has urged Nigerians to further harness the country’s cultural resources to contribute to the value of the Naira and promote sustainable economic growth. Director-General, NCAC, Chief Olusegun Runsewe made the call during…
The Naira on Monday depreciated to N1,170 per dollar in the parallel market from N1,166 per dollar last week Friday. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N837.77 per dollar from N927.19 per dollar…
By Sodiq Adelakun In the latest developments in the foreign exchange market, the black market exchange rate for the Dollar to Naira, also known as the parallel market or Aboki fx, has been reported. According to sources from Bureau De…
The Nigerian naira appreciated against the dollar on Wednesday, 29th November 2023, closing at N831.47/$1 at the official market. The positive trajectory aligns with expectations among experts, who anticipated that the Central Bank of Nigeria’s (CBN) recent initiative to clear…
The Nigerian Naira on Tuesday depreciated 7.63 percent to close at N881.88 to a dollar at the close of business on Tuesday, data from the NAFEM where forex is officially traded, showed./ / Nigerian NewsDirect also gathered that the naira…
