Naira against Dollars

The Naira yesterday appreciated to N1,512 per dollar in the parallel market from N1,515 per dollar on Tuesday. However, the Naira depreciated to N1,505 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the…

The Naira yesterday depreciated to N1,510 per dollar in the parallel market from N1,505 per dollar last weekend. But the Naira appreciated to N1,499 per dollar in the Nigerian Foreign Exchange Market (NFEM) Data published by the Central…

The Naira yesterday appreciated to N1,650 per dollar in the parallel market from N1,665 per dollar on Monday. But the Naira depreciated to N1,538 per dollar in the official foreign exchange market. Data published by the Central Bank…

The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch…

The Naira yesterday appreciated to N1,670 per dollar in the parallel market from N1,675 per dollar on Wednesday. Similarly, the Naira appreciated to N1,622.57 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM Data…

The exchange rate of Nigeria’s currency, the Naira has continued to appreciate to the dollar in response to the fiscal and monetary policies of President Bola Tinubu’s administration. According to data from the official trading platform…

In an aggressive move to stabilize the naira against the dollar, the Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks within the past two weeks. This development, revealed in an advisory memo from the…

The Central Bank of Nigeria (CBN) has issued a directive that banks and financial technology companies (fintechs) are no longer permitted to engage in international money transfer services. This change comes alongside a dramatic increase…

The Central Bank of Nigeria has said it is set to take new measures to stabilise the naira against the dollar. Acting Governor of the CBN, Folasodun Sonubi, made the disclosure to State House Correspondents after briefing President…

The Senate has summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the depreciation of naira. This followed a motion by Senator Olubunmi Adetunmbi (APC, Ekiti North) Naira currently trades between N690 and…