Naira
Naira Appreciates to N1,514/$1 in Parallel Market as CBN’s Forex Policies Take Effect
Abuja, Nigeria – The Nigerian naira continued its upward trajectory in the foreign exchange market, appreciating to N1,514 per dollar at the parallel market on Wednesday, February 19, 2025. This marks a gain of N11 or 0.72% from the N1,525/$1 … Continue Reading
Naira Appreciates to N1,660/$ in Parallel Market, Depreciates in Official Market
Abuja, Nigeria – The Naira strengthened slightly in the parallel market, appreciating to N1,660 per dollar on Monday, compared to N1,662 per dollar recorded last weekend.
In contrast, the currency weakened in the official foreign exchange market. According to data … Continue Reading
Naira Falls to N1,600/$ in The parallel market
Naira Value Plummets: Parallel Market Rate Hits N1,600 per Dollar, Official Rate at N1,545
The value of the Nigerian Naira has taken a hit, with the parallel market rate experiencing a significant depreciation to N1,600 per dollar yesterday. This represents … Continue Reading
Naira Rises to N1,550/$ in parallel market
Naira Sees Mixed Performance in Parallel and Official Foreign Exchange Markets
In a notable shift, the Naira has appreciated to N1,550 per dollar in the parallel market, an improvement from N1,555 per dollar recorded over the past weekend. This change … Continue Reading
Naira Rises to N1,685/$ in parallel market
Naira Gains Momentum Against Dollar in Both Parallel and Official Markets
The Naira demonstrated notable improvement yesterday, rising to N1,685 per dollar in the parallel market, up from N1,695 per dollar on Wednesday. In the official foreign exchange market, … Continue Reading
Naira Rises to N1,740/$ in parallel market
Naira Sees Positive Movement Against the Dollar in Parallel and NAFEM Markets
In an encouraging development for the Nigerian economy, the Naira strengthened against the US dollar in the parallel market, climbing to N1,740 per dollar from N1,745 per dollar … Continue Reading
Naira Falls to N1,745/$ in parallel market
Naira Experiences Mixed Performance in Foreign Exchange Markets
In a fluctuating day on the foreign exchange front, the Naira saw depreciation within the parallel market, slipping to N1,745 per dollar on Thursday, compared to N1,740 per dollar the previous day.… Continue Reading
Naira Rises to N1,720/$ in parallel market
Naira Shows Signs of Appreciation Against the Dollar
In a positive turn of events for the Naira, the currency rallied to N1,720 per dollar in the parallel market on Tuesday, a slight improvement from its previous rate of N1,725 per … Continue Reading
Higgledy-Piggledy Naira Drops to N1,615 Per Dollar
The Nigerian Naira’s freefall against the US Dollar has intensified economic uncertainty, as it now trades at an alarming ₦1,610 to ₦1,615 on the black market, as of November 4, 2024.
The Central Bank of Nigeria (CBN) released new exchange … Continue Reading
Naira Ranked Among Africa’s Worst Performing Currencies – World Bank
Abuja, Nigeria – The Nigerian naira has been ranked among the worst-performing currencies in Sub-Saharan Africa in 2024, according to the latest edition of Africa’s Pulse, a report by the World Bank.
The report reveals that as of the … Continue Reading