The Naira gained further on Thursday as it exchanged at N461 to the dollar at the Investors and Exporters window. The rate represented an increase of 0.05 per cent, compared to the N461.25 for which it exchanged to the dollar…
The exchange rate between naira and U.S. dollar depreciated at the black market on Wednesday to trade at an average of N750/$1, representing a marginal drop of 0.27 per cent from N748/$1 that was recorded in the previous trading session.…
Naira ex- changed at N461.75 to the dollar at the Investors and Exporters window on Friday. The rate represented a further depreciation by 0.08 per cent, compared with the N461.40 which it exchanged to the dollar on Thursday. The open…
President Muhammadu Buhari has apologized to Nigerians over the naira redesign policy. According to him, it wasn’t introduced to cause hardship, but to boost the economy. In October 2022, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,…
By Olumide David In early trading on Wednesday, Nigeria’s equities market saw its first decline in weeks while the local currency (Naira) appreciated against the US dollar by 1.32 per cent following announcement of Bola Ahmed Tinubu as Nigeria’s President…
By Olumide David The naira currency fell by 0.18 percent against the dollar as the foreign exchange recorded low liquidity. After trading on Monday, the naira/dollar exchange rate closed at N462/1$ as against N461.17/1$ closed on Friday at the Investors…
The exchange rate between naira and US dollar at the black market depreciated on Tuesday by 0.26 per cent to trade at an average of N760/$1, from N750/$1 recorded in the previous session In the same vein, the naira depreciated…
The Naira on Friday exchanged at N416.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.03 per cent compared with the N461.33 it exchanged on Thursday. The open indicative rate closed at N461.25…
Naira depre- ciated against the USD dollar on Thursday, at the black market to trade at an average of N765/$1 representing a 0.39 per cent, depreciation from N762/$1 recorded in the previous trading session. The exchange rate has remained unstable…
The crisis rocking the Nation over Naira scarcity has become a daily nightmare for Nigerians. This requires urgent and critical intervention by President Muhammadu. No cash at Commercial Banks’ ATMs, 95 per cent Point of Sale agents have shut down.…
