The Nigerian currency, the naira, has suffered a significant depreciation in the third quarter of 2023, according to official and unofficial data. The third quarter of...
By Sodiq Adelakun Naira experien ced a 0.79 percent increase against the US dollar on Tuesday, gaining N8 as foreign exchange trading resumed following the independence...
Naira put on a dazzling performance on Friday, leaving traders in awe as it appreciated by a remarkable 2.6 percent. With a closing rate of N755.27/$1,...
By Sodiq Adelakun The Naira has experienced a slight decline in value against the US dollar as the foreign exchange market reopened on Monday. According to...
By Sodiq Adelakun The Nigerian naira continued its downward spiral, inching closer to the alarming 1000-per-dollar mark in street trading. The central bank’s reluctance to supply...
By Sodiq Adelakun Nigeria’s currency, the naira, has reached a record low exchange rate of N983/$1 at the black market, according to quotes received on Wednesday....
By Sodiq Adelakun In a concerning development for Nigeria’s economy, the naira, the country’s currency, weakened to an all-time low of N960 against the dollar on...
By Sodiq Adelakun Despite the persistent fall of the naira, twenty-three Nigerian states have seen a significant increase in bilateral loans, growing by 64.26 per cent...
By Sodiq Adelakun The Nigerian Naira witnessed a 0.53 per cent decline against the US dollar on Thursday, mainly driven by increased demand for the greenback...
Businesses in Nigeria, regardless of their size, are currently facing challenges due to the foreign exchange reforms implemented by President Bola Tinubu. These reforms have led...