The Nigerian Naira exchanged at N707 to a United States Dollar on the black market, a N2 decline from N705 it traded on Tuesday.
The Central Bank of Nigeria (CBN) has said a total sum of $7.6 billion was used to defend the Nigerian Naira in the first five months...
Nigerian Naira will decline even further despite losing over 100% of its value since President Muhammadu Buhari came to power.
The Naira opened the day at N433.75 to a United States Dollar before closing at N436.32 on the Investors and Exporters' forex window.
The Nigerian Naira ranked fourth among the worst performing currencies in Africa since January 2022, a report by Steve Hanke, a Professor of Applied Economics and...
The Nigerian Naira weakened against the dollar on Wednesday as the central bank continues to experience anxiety from reduced foreign exchange inflows amid falling oil production....
The Naira exchanged at N705 to a United States Dollar in Lagos, Abuja and a few other states
The dollar to Naira exchange rate deteriorated with Nigeria's persistent forex scarcity and rising demand for the United States Dollar.
Dollar to Naira exchange rate stood at N670 on Monday at the parallel market as scarcity remained an issue amid rising demand
The Naira was exchanged at N700 for a United States Dollar at the black market while operators of that section of forex bought the U.S. Dollar...
