Tinubu Predicts Naira Rise to ₦1,000 Per Dollar Soon
Tinubu says naira will appreciate to ₦1,000 per dollar in coming weeks. CBN interventions to stabilise naira already showing results, President says. Nigeria’s external reserves rise to $50.45bn, highest in…
Naira Slumps By N40 At Black Market, Dips At Official Window
Parallel market fall: Naira drops to N1,370/$, down N40 Official rate decline: Currency weakens by N2.92 to N1,349.24/$ Despite strong reserves: External reserves hit $48.77bn The Nigerian Naira depreciated significantly…
Naira weakens against dollar after two-day rally
Naira depreciates at the official FX market after recent gains Currency falls to ₦1,366.06/$, losing ₦7.78 in one day Black market rate remains unchanged as foreign reserves stand at $46.81bn…
Naira surges across FX markets, records strong gains against US dollar
Naira appreciates against US dollar at both official and parallel FX markets, closing stronger at week’s end. CBN data shows naira gain of N10.44 day-on-day, with wider week-on-week improvement across…
Naira records significant appreciation against US dollar
Naira appreciates by ₦2.68 at official foreign exchange market CBN data shows naira trading at ₦1,418.95 per dollar Parallel market rate stable as FX reserves remain above $46bn The naira…
Naira Extends Weekly Gains Against US Dollar at Official Market
Naira strengthens to ₦1,417.95/$ at official FX market Currency posts ₦5.22 week-on-week gain against dollar Foreign reserves rise to $45.86bn, black market stable The naira appreciated further on Friday to…
Naira records two consecutive appreciations against US dollar
Naira gains ₦3.51 against the US dollar within 48 hours at the official foreign exchange market, according to CBN data. Official exchange rate improves to ₦1,419.66/$, while the black market…
Naira Posts Week’s Worst Slide as External Reserves Fall
Naira drops to ₦1,464.50/$ at official FX, the steepest daily fall this week Black market weakens to ₦1,500/$, shedding ₦15 week-on-week External reserves decline to $45.21bn, down $0.20bn in five…
Naira Suffers Sharp Week-on-Week Depreciation at Official FX Market
Naira depreciates to ₦1,456.73/$1 at the official market, losing ₦14.06 week-on-week. Black market rate remains stable at ₦1,465/$1 despite declining patronage. The drop comes even as Nigeria’s foreign reserves rise…
Naira Falls Again Against US Dollar at Official Market
Naira depreciation deepens as currency drops to N1,442.43/$ at official market. Falls four times in one week, despite rising external reserves at $43.54bn. Black market rate stays unchanged at N1,465/$.…