Deposit Money Banks (DMBs) in Nigeria engaged in a frenzied sell-off of excess foreign exchange holdings ahead of the Central Bank of Nigeria’s (CBN) midnight deadline...
The Nigerian naira plunged to an unprecedented low of N1348.63 against the US dollar on the Nigerian Autonomous Foreign Exchange Market on Monday. This reflects a...
The Nigerian Naira experienced a significant depreciation against the US dollar on Thursday, according to data from the Financial Markets Dealers’ Quotations (FMDQ). The Naira...
In a continued slide, the Nigerian naira experienced a significant drop on Tuesday, reaching N1,365 against the US dollar in the parallel market. This marks a...
The Nigerian naira exhibited resilience by appreciating to N1,350 per dollar in the parallel market, marking a notable improvement from last week’s rate of N1,370 per...
The Nigerian naira witnessed a depreciation, reaching N1,370 per dollar in the parallel market, marking a decline from N1,300 per dollar just a day prior. Simultaneously,...
The Nigerian naira showcased resilience by appreciating to N1,300 per dollar in the parallel market, marking a notable improvement from the N1,350 per dollar recorded on...
The Nigerian Naira has faced another significant depreciation against the US Dollar in the foreign exchange market. According to data from FMDQ, the Naira slipped from...
The Nigerian naira witnessed contrasting trends in various foreign exchange markets. The parallel market saw a decline as the naira slipped to N1,265 against the US...
The Nigerian Foreign Exchange Market (NAFEM) witnessed a remarkable surge as the naira strengthened to N874.79 per dollar, marking a substantial 19% appreciation. Data sourced from...