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  1. Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates

    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...
  2. K

    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/
  3. Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar

    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...
    • Nigeria News
    • Article
    • 1 min read
    • exchange rate foreign exchange market nigerian naira official market parallel market
    • Category: Business
  4. K

    Business Naira depreciates to N1,300/$ in official market - Vanguard News

    https://www.vanguardngr.com/2024/04/naira-depreciates-to-n1300-in-official-market/
  5. K

    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
  6. Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market

    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...
    • Nigeria News
    • Article
    • 1 min read
    • exchange rate forex market nigerian naira parallel market
    • Category: Business
  7. Today's Naira Rate [21-04-2024]: Fluctuating Naira Sparks Worries Among Nigerians as Exchange Rate Hits ₦1,200/$

    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 News
    • Article
    • 1 min read
    • cbn exchange rate forex market naira depreciation todays exchange rate
    • Category: Business
  8. Naira Appreciation, Price Hikes: Analysts Decode Disconnect Between Exchange Rates and Consumer Costs

    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...
    • Nigeria News
    • Article
    • 2 min read
    • consumer prices exchange rate inflation economic analysis nigerian naira
    • Category: Business
  9. K

    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
  10. Naira Gains: Nigerians Demand Immediate Price Reduction In Goods and Services

    Nigeria Naira Gains: Nigerians Demand Immediate Price Reduction In Goods and Services

    In response to the fluctuating dollar exchange rate, Nigerians are expressing frustration over the reluctance of sellers to immediately reduce prices despite the recent decrease in the value of the dollar. The sentiment stems from the observation that when the dollar surges, sellers swiftly...
    • Nigeria News
    • Article
    • 1 min read
    • dollar decrease exchange rate forex market nigerian economy price reduction
    • Category: Business
  11. Nigerians Mock Prophet Odumeje for Claiming Credit for Dollar-Naira Exchange Rate Drop Using 'Abidoshaker' Power

    Nigeria Nigerians Mock Prophet Odumeje for Claiming Credit for Dollar-Naira Exchange Rate Drop Using 'Abidoshaker' Power

    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...
    • Nigeria News
    • Article
    • 1 min read
    • abidoshaker power dollar to naira exchange rate nigerians reactions prophet odumeje
    • Category: Metro
  12. CBN Shocks Markets: Raises MPR to Record 24.75%, Businesses and Consumers to Face Higher Loan Costs

    Nigeria CBN Shocks Markets: Raises MPR to Record 24.75%, Businesses and Consumers to Face Higher Loan Costs

    After its 294th meeting, the Central Bank of Nigeria (CBN) has made a bold move by increasing the Monetary Policy Rate (MPR) by 200 basis points to an unprecedented 24.75%. Led by CBN Governor Yemi Cardoso, this decision underscores the bank's unwavering commitment to combating inflationary...
    • Nigeria News
    • Article
    • 1 min read
    • cbns new mpr rate central bank of nigeria exchange rate inflation monetary policy rate mpc meeting new interest rate yemi cardoso
    • Category: Business
  13. Moghalu Criticizes Artificial Exchange Rates, Calls for Realistic Economic Policies

    Nigeria Moghalu Criticizes Artificial Exchange Rates, Calls for Realistic Economic Policies

    Former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, criticized the notion of aiming for a Naira to Dollar exchange rate of N400, stating that such expectations are unrealistic. Moghalu emphasized the importance of the exchange rate reflecting its true market value, rather...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria exchange rate kingsley moghalu naira dollar nigeria
    • Category: Business
  14. K

    Business Naira rises to N1,450/$ in parallel market - Vanguard News

    https://www.vanguardngr.com/2024/03/naira-rises-to-n1450-in-parallel-market/
  15. Nigerians Credit Peter Obi for Customs Import Duty Policy Shift

    Nigeria Nigerians Credit Peter Obi for Customs Import Duty Policy Shift

    In a significant move effective from February 26, 2024, the Central Bank of Nigeria (CBN) has instructed the Nigerian Customs Service (NCS) to base import duty calculations on the foreign exchange (FX) closing rate on the day importers submit 'Form M' for clearing goods. This decision aims to...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria customs duty exchange rate form m import duties nigerian customs service
    • Category: Politics
  16. K

    Business Dollar falls to N1,600 at parallel market - Linda Ikeji’s Blog

    https://www.lindaikejisblog.com/2024/2/dollar-falls-to-n1600-at-parallel-market-2.html
  17. Rate for Cargo Clearance in Nigeria Now N1515 to $1 - CBN

    Nigeria Rate for Cargo Clearance in Nigeria Now N1515 to $1 - CBN

    The Central Bank of Nigeria (CBN) has announced an adjustment in the exchange rate for the clearance of goods, increasing it from N1444.56/$ to N1515.09 against the USD. This marks a noteworthy rise of N70.53 compared to the previous rate, reflecting the CBN's continued efforts to align official...
    • Nigeria News
    • Article
    • 2 min read
    • cbn central bank of nigeria economic reforms exchange rate goods clearance importers naira depreciation rate for good clearance
    • Category: Business
  18. Naira Plummets to Record Low of N1,534/$1 Despite CBN Intervention Efforts

    Nigeria Naira Plummets to Record Low of N1,534/$1 Despite CBN Intervention Efforts

    In a dramatic turn of events, the official exchange rate between the naira and the dollar plummeted to an unprecedented low of N1,534 on the NAFEM market, marking the weakest point in the currency's history. The day's forex turnover, a mere $89 million, revealed a sharp 64.69% drop in comparison...
    • Nigeria News
    • Article
    • 1 min read
    • cbn economic turmoil exchange rate naira depreciation
    • Category: Business
  19. K

    Business Naira appreciates against US dollars at forex market Friday - Daily Post

    https://dailypost.ng/2024/02/10/naira-appreciates-against-us-dollars-at-forex-market-friday/
  20. K

    Business Naira falls to N1,490/$ in parallel market - Vanguard News

    https://www.vanguardngr.com/2024/02/naira-falls-to-n1490-in-parallel-market/

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