JUST IN: Dollar Crashes Further Against Naira The United State Dollar on Friday continued it's free fall against the Naira which is now exchanging for 704 Naira to a Dollar. This is a further decline from the 740 Naira it was exchanged for on Thursday. ECONOMIC CONFIDENTIAL...

US Dollar Crashes as Naira appreciates to N740/$ at Black Market For the first time in this month, November 2022, the Nigerian currency, Naira has appreciated significantly against the US dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators who...

Rambling On Redesigning The Naira, by Nasir Aminu   Redesigning currencies is an activity for sovereign nations. It allows the currency-issuing country to improve the currency’s security to deter counterfeiting. The new notes come with cleaner materials to avoid contamination and becoming dirty. The United Kingdom (UK)...

Naira Now Among Worst Performing Currencies Globally, Report Reveals   While officially, Nigeria’s naira can be said to be doing well this year, down just 4 per cent against a strong US dollar, ahead of the Canadian dollar and the Swiss franc, a Bloomberg report has...

Naira Heads To N1,000/$ As Scarcity Worsens     The rate at which the naira, is depreciating against the dollar shows that it could fall to N1,000/$ before the end of next month, traders said Tuesday. According to the traders, this is due to shortage of the greenback,...

Naira Drops Across Markets As Forex Reserves Dwindle   The naira has continued its free fall across the exchange markets as Nigeria’s foreign exchange (forex) remained depressed amidst dwindling crude oil production. Post-trading data at the weekend showed that the naira during the week depreciated at both...