Naira Holds Firm Against Dollar in Both Official, Black Markets
The naira falls slightly by ₦2.33 against the US dollar at parallel market but appreciated at the official market on Tuesday, June 3, reflecting ongoing volatility in Nigeria’s foreign exchange landscape.
In the black market, currency...
Naira Gains Against Dollar in Both Official, Black Markets
The naira appreciated by ₦15.33 against the US dollar across both the official and parallel markets on Monday, June 2, reflecting ongoing volatility in Nigeria’s foreign exchange landscape.
In the black market, currency traders in Abuja told...
The Nigerian economy has been on a rollercoaster ride for the past two years. Citizens, businesses and foreign investors have barely stayed afloat. The economic struggles have left many wondering about its stability and eventual growth especially with President Bola Ahmed Tinubu's ambitious $1 trillion economy drive.
Naira Gains Against Dollar in Both Official, Parallel Markets
The naira appreciated by ₦5.33 against the US dollar across both the official and parallel markets on Saturday, May 31, reflecting ongoing volatility in Nigeria’s foreign exchange environment.
In the black market, traders in Abuja told Economic...
Moody’s Upgrades Nigeria’s Rating to B3, Cites Improved Reserves
Moody’s has upgraded Nigeria’s rating by a notch to ‘B3’ from ‘Caa1,’ citing significant improvements in the country’s external and fiscal positions.
The credit ratings agency revised Nigeria’s outlook to ‘stable’ from “positive’ as it expects recent...
Naira Falls Against Dollar in Black Market
The naira continued its downward slide against the US dollar in the parallel market on Friday, May 30, highlighting persistent volatility in Nigeria’s foreign exchange landscape.
A source in Abuja’s black market told Economic Confidential that the naira traded...
