Report Reveals Naira May Weaken to N1,993/$1   The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch Solutions subsidiary,...

Naira Appreciates, Exchanges at N1,639 per Dollar After depreciating to N1, 681 a day before, the naira appreciated on Thursday closing at N1,639 to one dollar. The naira hit an all-time high of 1,681 following increased demand in the foreign exchange market. Spot data from the FMDQ...

Naira Weakens Further as FX Turnover Declines by 71%   The naira fell on Monday at both the official and black markets to 1670.75/$ and 1748/$, respectively, as the daily foreign exchange turnover in the official market dropped by 71 per cent to $81.17m. This comes amid...

Naira Now 1,710 per Dollar at Parallel Market The Naira yesterday depreciated to N1,710 per dollar in the parallel market from N1,690 per dollar on Wednesday. Similarly, the Naira depreciated to N1,660.49 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that...

FG Panel Proposes Six-month Crude Supply For Dangote Refinery   The supply of crude oil in naira to the Dangote Petroleum Refinery by the Nigerian National Petroleum Company Limited (NNPCL) is to last for six months in the first instance, pending a further review by the...

Petrol Landing Cost Drops as Naira Appreciates   The landing cost of petrol has dropped from the N981/litre recorded on September 25, 2024, to N945.63/litre as of September 27. This is according to data released by the Major Energies Marketers Association of Nigeria (MEMAN) on Monday. The drop...