By Sodiq Adelakun The Nigerian naira faced further pressure on the foreign exchange (FX) market on Monday, as it depreciated to N1,164 per dollar on the black market. This marks a 1.21 percent decrease compared to the N1,150 per dollar…
By Sodiq Adelakun The Nigerian Naira experienced a decline in value in both the official and unofficial markets due to ongoing dollar shortages on Tuesday and Wednesday. On Wednesday, the Naira dropped to N1,150 per dollar, representing a 0.43 percent…
By Sodiq Adelakun The Nigerian naira experienced a boost in the official market, gaining 5.26 percent against the dollar, which was quoted at N750.14 compared to N791.75 on Friday. This was attributed to a 12.02 percent increase in dollar supply…
By Sodiq Adelakun The Nigerian currency faced another tough day in the foreign exchange market as the naira depreciated further to N1,140 against the U.S. dollar in the black market on Monday. The ongoing pressure on the FX market is…
By Sodiq Adelakun In a surprising turn of events, the Nigerian naira experienced a substantial appreciation against the US dollar, closing at N791.75 to a dollar on Friday, November 17, 2023. This development has brought a sigh of relief to…
By Sodiq AdelakunIn a recent statement released yesterday, the Director-General of the National Council for Arts and Culture (NCAC), Chief Olusegun Runsewe, has called upon Nigerians to actively engage in revitalising the nation’s economy and bolstering the naira by strategically…
By Sodiq Adelakun The foreign exchange market (FX) kicked off the week with the Nigerian naira losing ground against the US dollar on the black market, also known as the parallel market. This depreciation comes after the naira had appreciated…
By Matthew Denis All hope is not lost despite the persistent rise of the dollar against the Naira ranging between N1000 to N1,200 though the country is gradually taking advantage of the current crisis in the Middle East with high…
…As speculators take wait-and-see approach By Sodiq Adelakun The Nigerian Naira experienced a significant surge of 1.75 percent on the parallel market, commonly known as the black market, on Thursday. This sudden increase in value can be attributed to the…
By Sodiq Adelakun The foreign exchange market is experiencing renewed pressure as the Nigerian naira continues to weaken against the U.S. dollar. On Wednesday, the naira fell to 1,140 per dollar on the parallel market, commonly known as the black…
