On Friday, the Nigeria Autonomous Foreign Exchange Market (NAFEM) witnessed a substantial decline in dollar sales, plummeting to $84.1 million from the previous day’s $331.1 million,...
The Nigerian banking sector experienced a significant downturn in foreign capital inflow in 2023 with figures plunging to $832.64 million, a 60% drop from the previous...
The Nigerian naira has plummeted to an unprecedented low of N1,600 against the US dollar on the black market, a historic milestone in the country’s currency...
On Wednesday, the Naira declined against the US dollar to N1503.38 compared to N1,499.07 recorded in the previous trading day. This represents a 0.26% decline. This...
As of February 15th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,560 NGN in the black...
As of February 14th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,530 NGN in the black...
The Naira has plummeted to an all-time low of N1,534.39 against the US dollar on Monday. This sharp decline comes amidst a surge in demand for...
As of February 13th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1490 NGN in the black...
As of February 12th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1480 NGN in the black...
The Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a 56% decline in foreign exchange transaction value, according to data obtained from the FMDQ Exchange. This sharp...
