Tag: US dollar
Naira crashes to almost N500 to US dollar
The Nigerian Naira has suffered two consecutive days of melt down in the unofficial market as it tumbles by about…
Naira rallies against Dollar
The Nigerian Naira continued its rally against the U.S. dollar, gaining additional N2 today, in the unofficial market. On Monday,…
Dollar batters Naira further
The Nigerian Naira was battered further today by the US dollar and other currencies as it crashed to N478 in…
Nigeria’s Naira sinks to lowest level in weeks
Nigeria’s Naira closed the week, falling to its weakest level in six weeks as Central Bank of Nigeria interventions failed…
Wide gulf persists between CBN, BDC rates for Naira and Dollar
The Central Bank of Nigeria exchanges N379 to one US dollar, sustaining a wide gulf between its rate and the…
Naira loses ground against Dollar
The Nigerian Naira depreciated against the US dollar in the parallel market on Monday in contrast to the massive gains…
US dollar, British pound fall against Naira
The US dollar, the much sought after currency in Nigeria slumped by 5.38% on Tuesday at Nigeria's parallel market, its…
Trump opposes strong dollar
The U.S. dollar is too strong and is hurting exports, President Donald Trump said on Thursday, attacking the Federal Reserve…
IMF forecasts recession for Nigerian economy
The International Monetary Fund slashed its growth forecast for the Nigerian economy this year on Tuesday, saying a combination of…
Naira woes continue, falls N232 to US dollar
Nigeria’s currency was quoted at a record low of 232 naira to the dollar on the parallel market on Monday…
100 trillion Zimbabwean dollar exchanged for 40 US cents
HARARE (Reuters) – In Zimbabwe, 100 trillion Zimbabwean dollar is exchanged for 40 US cent by central bank as it…
Western sanctions killing Iranian currency
Iran’s currency on Sunday slid to a new record low against the dollar, with the central bank saying it was…
Naira Falls Against US Dollar
The Nigerian currency, the naira depreciated against the dollar at both the official and Bureau de Change segments of the…