exchange rate
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Nigeria Presidency Slams NYT for Negative Portrayal of Nigeria, Highlights Tinubu’s Reforms
The Nigerian presidency refutes claims in a New York Times article, asserting that President Tinubu inherited, not caused, the country's economic challenges. Highlighting policy measures and positive economic indicators, the presidency defends Tinubu’s administration and criticizes the foreign... -
![Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence](/data/attachments/204/204787-2f7bda2fdd5d28ed97c990c5e2d52d50.jpg)
Nigeria Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence
The Nigerian Naira faces downward pressure against the US dollar, nearing the critical threshold of N1500/$ as the dollar index surges by 80 basis points. As the trading week came to a close, the Nigerian Naira witnessed a notable decline against the US dollar, reaching N1495/$ in the parallel... -
![Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1](/data/attachments/204/204773-147ab142f8cf48479284e57b3d23fc38.jpg)
Nigeria Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1
Nigerian naira stable at N1,483.99/$1 as $925m oil loan boosts dollar inflows. External reserves rise to $32.79bn, but the black market rate is N1,495/$1. The Nigerian Naira maintained stability at the close of the week, buoyed by a surge in dollar inflows attributed to additional oil... -
![Today's Naira Rate [03-06-2024]: Nigerian Naira Finds Stability Against US Dollar at ₦1,481](/data/attachments/204/204592-3a29b4a29d5e5b1673114554a0c523ee.jpg)
Nigeria Today's Naira Rate [03-06-2024]: Nigerian Naira Finds Stability Against US Dollar at ₦1,481
Stay updated on the latest shift in Nigeria's Naira-Dollar dynamics. June 3rd, 2024, marks a potential game-changer with the Naira stabilizing against the US Dollar at ₦1,481 in the black market. The Nigerian Naira and the US Dollar's relationship has often been tumultuous, but June brings a... -
![Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge](/data/attachments/204/204434-6e202405f2f497d63440ce71bc64dc98.jpg)
Nigeria Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge
The Nigerian Naira faced a sharp decline, falling to N1,329.65 against the US Dollar despite recent gains and CBN interventions. The abrupt reversal raises concerns about currency stability and prompts questions about the effectiveness of central bank measures. Market observers remain vigilant... -
![Today's Naira Rate [27-05-2024]: Nigerian Naira Rises, Hits ₦1,339.33/$ Against US Dollar](/data/attachments/204/204365-bd899ca0c24b3b3c73ca8044710ce26b.jpg)
Nigeria Today's Naira Rate [27-05-2024]: Nigerian Naira Rises, Hits ₦1,339.33/$ Against US Dollar
The Nigerian Naira strengthens against the US dollar, surging by 9.68% to ₦1,339.33/$ in the official forex market. However, facing a slight dip in the parallel market, the Naira trades at ₦1,520 to the dollar. Central Bank attributes volatility to seasonal fluctuations, while forex turnover... -
![Today's Naira Rate [27-05-2024]: Naira Depreciates to N1,520 Amid Supply Shortage](/data/attachments/204/204327-bd899ca0c24b3b3c73ca8044710ce26b.jpg)
Nigeria Today's Naira Rate [27-05-2024]: Naira Depreciates to N1,520 Amid Supply Shortage
The naira depreciates by 1.32% against the dollar on the black market, opening at N1,520, attributed to increased demand and supply shortages. Meanwhile, the official exchange rate remains stable. Data shows slight fluctuations in the official market, with the naira appreciating by 0.19%, while... -
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Business Naira gains N61.38 against dollar at official market, weakens at parallel market - Vanguard News
https://www.vanguardngr.com/2024/05/naira-gains-n61-38-against-dollar-at-official-market-weakens-at-parallel-market/- Kayode Israel
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- Replies: 0
- Forum: Business News Links
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Nigeria Businesses Brace for Impact as Nigerian Customs Raises Import Duty Exchange Rate to N1,441/$
Nigerian Customs recently upped the import duty exchange rate to N1,441/$1, marking a significant hike from the previous rate. This shift has sent shockwaves through businesses, prompting concerns about increased costs and potential economic repercussions. The Nigerian Customs Service has... -
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Business Naira slumps against Dollar at foreign exchange market - Daily Post
https://dailypost.ng/2024/05/03/naira-slumps-against-dollar-at-foreign-exchange-market/- Kayode Israel
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- Replies: 0
- Forum: Business News Links
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![Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar](/data/attachments/203/203376-fac0fa1defd2c5f3b205505ee482c7dc.jpg)
Nigeria Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar
The Nigerian Naira experienced a significant rebound in the parallel market, appreciating to 1,280 Naira per US dollar. This unexpected surge marked a notable recovery for the currency, which had faced recent depreciation challenges. The rebound comes amidst ongoing fluctuations in the foreign... -
![Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates](/data/attachments/203/203346-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates
Amidst the ongoing economic turbulence in Nigeria, the value of the national currency, the naira, has continued its downward trajectory across both official and unofficial foreign exchange markets. Speculators are capitalizing on the situation, leading to a surge in demand for the US dollar... -
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Business Naira slumps seventh times against Dollar in days at Foreign Market - Daily Post
https://dailypost.ng/2024/04/26/naira-slumps-seventh-times-against-dollar-in-days-at-foreign-market/- Kayode Israel
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- daily post news exchange rate naija news nigeria news
- Replies: 0
- Forum: Business News Links
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Nigeria Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar
Amidst ongoing economic uncertainties, the Nigerian Naira witnessed another downturn on Tuesday, depreciating at the official market to trade at N1,300.15 against the US dollar. Data sourced from the official trading platform of the FMDQ Exchange, responsible for overseeing the Nigerian... -
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Business Naira depreciates to N1,300/$ in official market - Vanguard News
https://www.vanguardngr.com/2024/04/naira-depreciates-to-n1300-in-official-market/- Kayode Israel
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- dollar rate exchange rate naija news nigeria news vanguard news
- Replies: 0
- Forum: Business News Links
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Business Naira depreciates to N1,234/$ at official market - Linda Ikeji’s Blog
https://www.lindaikejisblog.com/2024/4/naira-depreciates-to-n1234-at-official-market-2.html- Kayode Israel
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- exchange rate linda ikeji naija news nigeria news
- Replies: 0
- Forum: Business News Links
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![Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market](/data/attachments/203/203165-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market
The Nigerian Naira faced further devaluation on Wednesday, reaching a record low of N1,260 against the US dollar in the parallel foreign exchange market. This marks a significant 2.44 percent decline from the N1,230 exchange rate recorded just days prior on April 19. At the official window... -
![Today's Naira Rate [21-04-2024]: Fluctuating Naira Sparks Worries Among Nigerians as Exchange Rate Hits ₦1,200/$](/data/attachments/203/203123-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria Today's Naira Rate [21-04-2024]: Fluctuating Naira Sparks Worries Among Nigerians as Exchange Rate Hits ₦1,200/$
The Nigerian currency, the Naira, appears to be facing another depreciation period, as observed by some social media users. Concerns about the stability of the currency are expressed, with one user noting a decrease and another lamenting the continual rise. One user highlights a sense of... -
Nigeria Naira Appreciation, Price Hikes: Analysts Decode Disconnect Between Exchange Rates and Consumer Costs
Despite the recent surge in the Nigerian Naira against major foreign currencies, prices of goods and services continue to soar, defying expectations of a downward trend. While the Naira gained significant ground against the US Dollar, reaching N1,060 per Dollar compared to a peak of N1,900 in... -
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Business Dollar not selling at N1,000/$1- BDCs debunk viral post - Linda Ikeji’s Blog
https://www.lindaikejisblog.com/2024/3/dollar-not-selling-at-n10001-bdcs-debunk-viral-post-2.html- Kayode Israel
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- abubakar abdusallam exchange rate linda ikeji naija news
- Replies: 0
- Forum: Business News Links
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