Naira Hits Low of N1,689.88 as FX Liquidity Plummets by 77%
The Nigerian naira has sunk to an all-time low of N1,689.88 to the US dollar, marking a significant depreciation of the local currency amid a steep drop in daily foreign…
Naira Appreciates to N1,544.05/$ at Official Market
The Nigerian naira continued its upward trend against the United States dollar on Tuesday, gaining N1.05 at the official market. According to data from the FMDQ, the naira strengthened to…
Naira appreciates against dollar after Christmas holidays
The naira appreciated against the dollar at the foreign exchange market upon resumption of work after the Christmas holidays. FMDQ data showed that the naira strengthened to N1,534 per dollar…
Naira appreciates to N1,650/$ in parallel market
Yesterday, the Naira appreciated N1,650 per dollar in the parallel market, compared to N1,655 on Monday. Similarly, the Naira appreciated to N1,535 per dollar in the official foreign exchange market.…