The Naira depreciated to N1,740 per dollar in the parallel market on Wednesday, down from N1,735 per dollar on Tuesday. On the other hand, the Naira...
Fitch Solutions, a financial intelligence provider, has forecasted that the Naira could depreciate to N1,993 per US dollar by 2028. In a report from its subsidiary,...
The naira depreciated by N10.3 against the U.S. dollar at the official window on Wednesday. According to data from the FMDQ Exchange’s official trading platform, which...
The depreciation of the naira under President Bola Tinubu’s administration in 2023 has resulted in mixed outcomes for the manufacturing sector. While investments surged by 32.56...
The naira has been listed among the worst-performing currencies in Sub-Saharan Africa for 2024. This is according to the World Bank’s latest report, Africa’s Pulse. By...
Nigeria’s total public debt has reached N121.67tn, an increase of N24.33tn or 24.99% within three months, according to the Debt Management Office (DMO). This new figure...
On Friday, the Nigerian currency, the Naira, saw an improvement against the United States dollar, with a black market rate of N1,230 to a dollar. It’s...
On Saturday, July 22nd, 2023, the Nigerian Naira faced a further depreciation in value, reaching N865 per US dollar in the black market. This represents a...
The Central Bank of Nigeria (CBN) is likely to allow the naira exchange rate at the Investors and Exporters’ (I&E) window to depreciate towards N455/$1 at...