Tag: Naira
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 plunges to N1,629/$1 as demand for dollar intensifies
Nigeria's foreign exchange market came under pressure on Monday, with the Naira depreciating to N1,629 per dollar at the official…
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…
Naira loses weight against U.S. Dollar in unofficial market
The Nigerian naira has taken a hit, weakening to N1,561 against the American dollar in the black market.
How CBN’s interventions stabilised FX market, Naira – Expert
Oyalowo said the interventions have helped to stabilise the Foreign Exchange (FX) market and the naira, in a statement he…
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 further gains by 0.78% against dollar
CBN also unveiled the Nigeria Foreign Exchange (FX) Code, aimed at sanitising the banking industry to promote ethical conduct.
Naira appreciates at official market
The Naira has enjoyed relative stability against the US dollar since Dec. 2024 following the introduction of the Electronic Foreign…
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…