By Sodiq Adelakun The Naira experienced a severe depreciation against the US dollar, closing the month of January at an unprecedented rate of N1,455.59. This marked...
…Accuse banks of hoarding FX to increase profits By Sodiq Adelakun In response to the ongoing depreciation of the Naira, the Central Bank of Nigeria (CBN)...
The Nigerian naira plummeted to an unprecedented low against the US dollar on the official market, as reported by FMDQ Exchange on Wednesday. The currency’s value...
Financial experts have advised the Nigerian government on how to stabilise the Naira against the US dollar in the foreign exchange market. The Naira was quoted...
The Naira has appreciated against the US dollar, closing the week on an impressive note at the foreign exchange market on Friday. Data from FMDQ showed...
By Sodiq Adelakun The Nigerian Naira hit a new record low on Thursday, reaching N1,410 per dollar on the parallel market, commonly known as the black...
By Sodiq Adelakun In the official foreign exchange window, the Nigerian Naira ended the trading day on Tuesday, January 23, with a stronger position against the...
The Nigerian naira experienced increased pressure in the foreign exchange market as it weakened against the US dollar due to low dollar supply at the official...
By Sodiq Adelakun The Naira is expected to face significant challenges in 2024. The exchange rate is predicted to further depreciate due to Nigeria’s stagnant reserves,...
By Sodiq Adelakun The Naira experienced a significant drop on Wednesday, reaching a record low of N1,320 per dollar on the black market. This represents a...