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![Today's Naira Rate [28-05-2024]:Naira Hits One-Month High at N1,173.88 as CBN Sells $300 Million to Banks](/data/attachments/204/204393-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [28-05-2024]:Naira Hits One-Month High at N1,173.88 as CBN Sells $300 Million to Banks
The U.S. dollar experienced a significant decline, reaching N1,173.88 on Tuesday after the Central Bank of Nigeria sold over $300 million to commercial banks. This intervention led to a one-month high for the naira, reflecting dynamic market movements and economic factors influencing Nigeria's...- Nigeria News
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- 1 min read
- cbn intervention central bank of nigeria commercial banks currency exchange dollar crash foreign exchange market naira surge
- Category: Business
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Nigeria Naira Appreciates to N1,600/$, Prompting Analysis and Future Forecasts
The naira exhibited resilience as it appreciated to N1,600 per dollar at the parallel section of the foreign exchange (FX) market on Monday. This marked a notable 1.23 percent gain from the N1,620/$ reported just a day earlier on March 8. Bureau De Change operators in Lagos quoted buying rates...- Nigeria News
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- 1 min read
- economic implications financial news forex market goldman sachs naira surge
- Category: Business
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