Naira Crashes, Records Low At Official Market
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.
At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at...
CBN’s Strategies To Save Naira Failing - LCCI
The Lagos Chamber of Commerce and Industry has said that the Central Bank of Nigeria’s effort to save the naira is only redirecting forex transactions to third parties, increasing pressure on the exchange rate.
President of LCCI, Mrs...
Naira Remains Weak Across Exchange Market
The value of naira has continues to wobble across different markets even as analysts express worry that growing political activities will increase the pressure on the local currency.
The troubled naira lost about 70 kobo to the dollar during yesterday’s...
Naira Exchanges For N580/$ At Parallel Market
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market.
Some Bureau de Change operators who spoke to our correspondent said that the naira to the dollar was...
Naira Declines Amidst CBN’s Assurance Of Increase In Forex Supply
The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign exchange to meet the legitimate needs of Nigerians.
The naira had maintained a downward trend, falling...
Naira Records Slight Gains After Nigeria Raises $4bn In Eurobond
Following yesterday’s report of the $4 billion Eurobond Nigeria raised, which was dubbed one of the biggest financial trades to come out of Africa in 2021, Naira appreciated marginally at both the black market and...
