NBS Report: Naira Crash Pushes Raw Material Imports To N3trn
Imports of raw materials into the country rose by 25 per cent to N3tn in 2023.
This is according to the Foreign Trade Statistics data published by the National Bureau of Statistics (NBS).
The major raw materials...
Naira Gains at Parallel Market, Sells for N1,250 per Dollar
On Monday, the naira appreciated to N1,250 per dollar at the parallel section of the foreign exchange (FX) market.
The FX rate is a 0.43 percent increase from the N1,280 recorded on March 29.
Currency traders in...
Naira Soars by 21.8% Against Dollar in March
In March 2024, the Naira saw a dramatic turnaround against the US dollar, with the exchange rate closing at N1309/$1 on the last trading day of the month.
This marked a significant 21.8% gain from the rate of...
Naira Appreciates, Sell for N1,350/$ in parallel market, Remains N1,251 in CBN
The naira yesterday appreciated to N1,350 per dollar in the parallel market from N1,430 per dollar on Monday.
Similarly, the naira yesterday appreciated to N1,382.95 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
Data...
Naira Continues to Strengthen, CBN Sells N1,251 per Dollar
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them that it has sold $10,000 to each BDC at a rate of N1,251/$1.
In a circular issued by the...
Naira Continues to Strengthen, CBN Sells N1,251 per Dollar
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them that it has sold $10,000 to each BDC at a rate of N1,251/$1.
In a circular issued by the...
