In the parallel section of the foreign exchange market, the Nigerian naira experienced a depreciation on Wednesday, reaching N930 per dollar. This represents a decline of N25 or 2.76 percent when compared to the rate of N905 reported on August…
…Persistent weakening raises concerns amid limited reserves. By Sodiq Adelakun The Nigerian naira experienced a significant weakening against the US dollar, reaching N773.50 in official trading and dropping to N930 per USD on Tuesday. The Central Bank of Nigeria reported…
By Sodiq Adelakun In the unofficial foreign exchange (FX) market, known as the parallel market, the Nigerian naira weakened to N930 to dollar on Thursday. This decline was driven by the growing demand for dollars, which Nigerian banks were unable…
By Sodiq Adelakun In the unofficial foreign exchange (FX) market, known as the parallel market, the Nigerian naira weakened to N930 to dollar on Thursday. This decline was driven by the growing demand for dollars, which Nigerian banks were unable…
By Sodiq Adelakun The Nigerian naira experienced a depreciation against the US dollar on Monday, as it was exchanged at a rate of N747.87 at the Investors and Exporters window. This marked a drop of 1.01 per cent compared to…
The naira apprepreciated against the dollar on Friday as it exchanged at N740.38 at the Investors and Exporters window. The naira gained by 2.93 per cent compared to the N762.71 it exchanged for the dollar on Thursday. The open indicative…
…Transaction volume soars by 138.57% By Sodiq Adelakun Naira experienced a remarkable gain of 4.79 percent against the US dollar on Wednesday at the Investors and Exporters (I&E) forex window. This positive development was attributed to increased liquidity in the…
By Sodiq Adelakun In a dance to economic fluctuations, Naira has taken a graceful step back, devaluing by 0.42% against the mighty US Dollar. As the curtains rise on the stage of foreign exchange rates, the Naira has found itself…
By Sodiq Adelakun Naira has hit a new low against the US dollar, reaching N920 at the parallel segment of the foreign exchange market. The decline is a result of strong demand for the greenback, with dealers buying from willing…
By Sodiq Adelakun Naira has experienced a significant decline of 2.23 per cent against the dollar in the past month. This depreciation can be attributed to the persistent rise in demand for the greenback in the parallel foreign exchange market…
