By Sodiq Adelakun The Naira demonstrated remarkable resilience against the US dollar throughout March 2024, signaling a pivotal moment in Nigeria’s exchange rate trajectory. Official data revealed that the Naira concluded the month at an impressive rate of N1309/$1 on…
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 that the Naira weakened to N891.90 per Dollar on Friday from N900.96 per US…
By Sodiq Adelakun The Nigerian currency experienced a depreciation against the US dollar on Monday due to a decrease in liquidity in the foreign exchange market. At the close of trading, the dollar was quoted at N778.80, compared to N764.86…
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…
The Naira on Wednesday marginally depreciated against the US dollar, exchanging at N793.70 at the Investors and Exporters window. According to newsmen, the Naira decreased by 6.83 per cent compared with N742.93, which it exchanged for the dollar on Tuesday.…
Jack Dorsey, the founder of Twitter and payment technology company Square, has stated that the effects of the US dollar inflation is being negatively felt by Nigeria and other developing countries. Dorsey disclosed this in a tweet while reacting to…
