Tag: dollar
Dangote declares Naira could hit ₦1,100 to Dollar before 2026 ends
He emphasized that Nigeria's heavy reliance on imports creates a challenging dynamic: a stronger naira could lower costs across the…
Naira may drop below ₦1,000/$1 before year-end — Otedola
The expansion will also include the production of 2.4 million tonnes of polypropylene and 400,000 metric tonnes of Linear Alkyl…
Naira dominates Dollar in stunning rebound
The Naira has been on a gradual upward trajectory in recent weeks, breaking below the psychologically significant N1,400 mark earlier…
Naira wobbles at Official Market, ends Week slightly down
Despite the marginal loss at the close of the week, the naira maintained relative stability, supported by recent foreign exchange…
Naira ends Week stronger, gains N10.43 against Dollar at Official Market
The naira ended the trading week on a positive note on Friday, strengthening further against the United States dollar at…
Naira stages Epic week-long surge crushing Dollar dominance again
This week-long winning streak comes amid widespread praise for the CBN's aggressive reforms, which have injected stability into the forex…
Naira maintains stability, edges higher against Dollar
The Nigerian naira kicked off the first full trading week of 2026 on a positive note, gaining ground against the…
What Naira did against Dollar today shocked Traders
The Nigerian naira opened the new year on a firm footing, appreciating by ₦4.90 against the U.S. dollar in the…
After volatile week, Naira ends stronger against U.S. Dollar
The week's performance painted a picture of erratic swings, underscoring the Naira's vulnerability to speculative pressures and external shocks like…
Naira in massive gains against Dollar, hits eight-month high
The 1.07% gain or ₦15.23, against Tuesday's rate of ₦1,436.97 extends a five-day rally that has shaved nearly 2.2% off…
Naira holds strong, external reserves hit $42.79 billion
However, they also warn that consistent results will depend on Nigeria’s ability to increase production, attract foreign investors, and manage…
Naira crashes again against Dollar
This marked a 0.29 percent decline, equivalent to a N4.32 loss compared to Thursday’s rate of N1,471.02. The depreciation rounded…
CBN’s gains tested as naira falls slightly to ₦1,467 per dollar
The NBS is expected to release its Consumer Price Index (CPI) report for September on Wednesday.
Naira stumbles again: Dollar gains ground in shocking Weekend drop
The week began on a relatively positive note, with the Naira gaining marginally on Monday to trade at N1,534.20 against…
Naira’s fate hangs in balance as Dollar inches ahead
Analysts note that the Naira’s performance aligns with broader economic dynamics, including Nigeria’s reliance on oil exports, which account for…
Dollar strikes back: Naira loses grip in stunning Friday fall
These reforms, including the unification of exchange rates and increased market-driven pricing, have been pivotal in stabilizing the Naira amid…
Naira roars back, records major gains against Dollar
The naira’s uptick coincides with high praise from the International Monetary Fund (IMF) in its 2025 Article IV Consultation report…
Naira wobbles after Sallah, Democracy Day breaks, dips against the Dollar
The market closures caused by the Eid-el-Kabir (Sallah) holiday from Friday, June 6 to Monday, June 9, and the June…
Naira Roars Back: Local Currency hits ₦1,580.44 in stunning rally against Dollar
Analysts say the naira’s impressive climb is a reflection of renewed confidence in the economy, increased forex supply, and effective…
Naira storms ahead, pounds Dollar with fresh gains
This follows a subtle yet significant 0.02% rise recorded earlier in the week, signalling a wave of renewed resilience in…
Naira bounces back, clocks N1,600.44 to Dollar after stunning Market rally
Monday’s appreciation continues the Naira’s positive momentum, offering a potential signal of stabilisation in the foreign exchange market after recent…
Naira takes a hit, official rate falls 0.93% against US Dollar
Despite a period of relative stability since December 2024, fueled by CBN reforms aimed at increasing transparency in the forex…
Naira roars to life! Gains N29.89 as CBN moves to stabilise Market
This surge represents a sharp contrast to Thursday’s close of N1,547.82 per Dollar, signaling renewed optimism among traders and businesses…
CBN’s reforms yield positive results as Naira ends week stronger against Dollar
The Naira further appreciated in the official market on Friday, trading at N1,474.78 to the Dollar.
Naira dips further, trades at N1,687.52 in Official Market
Data from the FMDQ Exchange revealed the loss in value occurred alongside a surge in daily turnover, which rose to…
Naira hits new low: 2.3% Depreciation against Dollar at Official Market
According to data from the FMDQ Exchange, the Naira lost N38.12 in value compared to the previous trading day. The…
Adeboye: Prayers stopped naira from crashing to N10,000 per dollar
But for prayers, the value of Nigerian currency, the naira would have crashed up to I0, O00 to a dollar,…
Naira surges after three-day slump to Dollar, gains N44 at Official Market
Data from the official trading platform, FMDQ Exchange, showed that the Naira gained N44.48, representing a 2.63 per cent improvement…
Naira slips to N1,678.87, marks 2.4% loss amidst surge in Dollar turnover
By Grace Alegba The Naira weakened further at the official market on Friday, closing the week at N1,678.87 to the…
Naira slips further, drops 0.6% to hit N1,676.90 against Dollar
In addition to the depreciation, the total daily turnover at the official market also saw a significant drop, closing at…