The naira gained strength against the US dollar, appreciating to N1,627 in the parallel market and N1,493 in the official window. Traders attribute the recovery to low dollar demand and CBN interventions. Analysts believe continued stability measures could sustain the naira’s upward trend.
The...
The Naira has depreciated in the parallel market, trading at N1,668 per dollar on December 12, 2024, down from N1,600. Meanwhile, in the official market, the Naira appreciated to N1,534.6 per dollar. The widening gap between the parallel and official exchange rates poses challenges for Nigeria's...
As of October 6, 2024, the black market exchange rate for the US dollar against the Nigerian naira has reached N1,674. This stark difference from the official rate of N1,657 by the Central Bank highlights ongoing economic challenges and a persistent shortage of foreign currency in Nigeria.
As...
The Nigerian naira remains steady at N1,495 per dollar on the black market, indicating marginal variation from the previous rate. Despite fluctuations in demand and supply, the currency's stability amidst global economic challenges draws attention.
The Nigerian naira held its ground at an...
Prophet Chukwuemeka Ohanemere, also known as Odumeje, of the Mountain of Holy Ghost Intervention and Deliverance Ministry, claimed in a video during a church program that the exchange rate of the dollar to the naira decreased because of his 'Abidoshaker' power.
This assertion comes as the...
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