u.s. dollar
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Nigeria Naira Gains to N1,548.59 as Dollar Index Dips to Monthly Lows
The naira posted slight gains in Nigeria’s official market, appreciating N1,548.59 against the U.S. dollar. Meanwhile, the U.S. Dollar Index dropped to monthly lows due to expected U.S. Federal Reserve rate cuts. Central Bank Governor Cardoso credits forex reforms for the naira's stability. On...- Nigeria News
- Article
- 1 min read
- exchange rate forex reforms naira nigerian economy u.s. dollar
- Category: Business
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![Today's Naira Rate [08-05-2024]: Naira Depreciates Slightly to N1,450/$ Against Dollar](/data/attachments/203/203737-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [08-05-2024]: Naira Depreciates Slightly to N1,450/$ Against Dollar
Explore the economic turmoil in Nigeria's currency markets as the Naira struggles against a surging U.S. Dollar. Amidst regulatory interventions and Federal Reserve policy uncertainties, fluctuations in exchange rates prompt concerns over FX liquidity. On Wednesday, the Naira experienced a...- Nigeria News
- Article
- 1 min read
- currency markets exchange rates federal reserve naira u.s. dollar
- Category: Business
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