PARIS OLYMPIC GAMES
Naira
Naira Records Mixed Fortunes, Appreciates in Parallel Market but Depreciates in Official Market
The Nigerian currency, Naira, experienced a mixed performance on Wednesday, appreciating in the parallel market but depreciating in the official market. According to...
CBN Raises Alarm Over Illicit Naira Transactions, Urges Strict Measures
The Central Bank of Nigeria (CBN) has expressed concerns over the growing trend of illicit transactions involving banknotes, warning that this practice threatens...
Naira Depreciates to ₦1,585/$ in Parallel Market, ₦1,546/$ in Official Market
The Nigerian currency, the Naira, has continued its downward trend, depreciating further at both the parallel and official markets. According to data published...
Naira Weakens to N1,550 Against Dollar Amid Increased Demand
The Nigerian naira has taken a hit, weakening to N1,550 against the American dollar in the black market. The decline comes amid increased...
Naira Appreciates to N1,514/$1 at Parallel Market, Gains N11 in One Day
The Nigerian naira continued its strong performance, appreciating by N11 or 0.72% to close at N1,514/$1 at the parallel market on Wednesday, February...
Naira Strengthens to 8-Month High, Gains N20.67 Against Dollar
The Nigerian naira continued its stability on Monday, fueled by reduced demand for the dollar and effective policies implemented by the Central Bank...
Naira plummets to N1,780 per dollar, reversing recent gains
The Nigerian Naira experienced a sharp value decline on Wednesday, falling from N1,600 to N1,780 per dollar in the black market. This reversal...
Again, Naira declines against US dollar
The Nigerian naira’s downward trend continued on Wednesday, hitting N1,654.09/$1 at the official foreign exchange market, a N1.07 increase from the previous day’s...
Naira Defies Global Trends, Appreciates 5.7% Against Dollar
The Nigerian naira staged a surprising comeback on Monday, appreciating 5.7 percent against the US dollar at the official market, despite the dollar...
Naira appreciates 4.49% against the dollar, closing at N1,561.76
The Nigerian naira strengthened significantly against the US dollar on Tuesday, closing at N1,561.76 in the official Investor and Exporter (I&E) window. This...
Glory days ahead for the naira – CBN Gov. Cardoso
Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), says the apex bank is pleased with the progress it has...
Naira surges by 9.68% at the official window, closing at N1,339.33/$1
The Nigerian naira appreciated significantly against the US dollar on Monday, closing the day at N1,339.33/$1 in the official foreign exchange market. This...
Naira bullish gains restore confidence among investors, businesses – CBN Gov. Cardoso
The Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso, said Naira bullish gains will attract foreign investment and restore confidence...
Discard your dollars to avoid tears, Naira will bounce back fast – Presidency
To avoid sorrow and tears, the Presidency has advised Nigerians to dispose of their dollars, predicting that the naira is bouncing back at...
Naira strengthens to N1400/$ at parallel market as speculators sell
The naira strengthened on Wednesday to close at N1400/$1 in the parallel section of the foreign exchange market. Persecondnews reports that the exchange...
Nigeria lacks sufficient reserves to tackle FX demands, backlog in the market, says expert
An economist, Mr. Esili Eigbe, has said Nigeria lacked sufficient reserves to tackle the demands for foreign exchange and the backlog in the...
