Nigeria’s naira has plummeted to a record low of N1600 per dollar, even as the Central Bank of Nigeria (CBN) implements new measures to stabilize the...
The naira further depreciated against the dollar on Monday as challenges in Nigeria’s foreign exchange market persist. According to data from the FMDQ, the naira weakened...
The decline of the Nigerian naira has emerged as an unexpected lifeline for many loss-making firms in Africa’s largest economy. At an event co-organised by BusinessDay...
The Nigerian naira continues its downward spiral, making its ninth consecutive day of depreciation against the US dollar and the worst-performing currency in the first half...
Fitch Ratings, the international credit rating agency, has forecasted that Nigeria’s currency, the naira, will stabilize at 1,450 against the United States dollar by the end...
The Nigerian naira is poised for a period of relative stability in the coming months as pressure from forward central bank foreign exchange (FX) contracts diminishes,...
As the Nigerian Naira continued to rebound from its record low against its global counterparts, the nation’s foreign exchange reserves has been on the decline, according...
The Nigerian Naira declined further against the United States Dollar on the black market on Wednesday, according to currency traders. The local currency was exchanged at...
Despite the Central Bank of Nigeria’s (CBN) injection of $500 million to address the backlog of verified foreign exchange transactions, the Nigerian Naira plummeted to a...
Nigeria’s naira is poised for its worst year since the return on democracy in 1999, with analysts predicting further depreciation in 2024. The naira plunged 55% this...