naira depreciation

Naira crashes to N1,740 per Dollar in parallel market

Naira crashes to N1,740 per Dollar in parallel market

The Naira depreciated to N1,740 per dollar in the parallel market on Wednesday, down from N1,735 per dollar on Tuesday.…

1 week ago

Naira may drop to N1,993 per Dollar by 2028 – Fitch

Fitch Solutions, a financial intelligence provider, has forecasted that the Naira could depreciate to N1,993 per US dollar by 2028.…

2 weeks ago

Naira crashes by N10.3 against Dollar, closes at N1,681/$ on Official Market

The naira depreciated by N10.3 against the U.S. dollar at the official window on Wednesday. According to data from the…

2 weeks ago

Naira depreciation spurs 32.56% investment rise, jobs plunge 37.83%

The depreciation of the naira under President Bola Tinubu's administration in 2023 has resulted in mixed outcomes for the manufacturing…

3 weeks ago

World Bank: Naira listed among worst performing currencies

The naira has been listed among the worst-performing currencies in Sub-Saharan Africa for 2024. This is according to the World…

1 month ago

Naira depreciation pushes Nigeria’s debt to N121.67tn

Nigeria’s total public debt has reached N121.67tn, an increase of N24.33tn or 24.99% within three months, according to the Debt…

5 months ago

BREAKING: Naira appreciates against dollar (See new exchange rate)

On Friday, the Nigerian currency, the Naira, saw an improvement against the United States dollar, with a black market rate…

1 year ago

BREAKING: Naira depreciates further to N865 per dollar in black market

On Saturday, July 22nd, 2023, the Nigerian Naira faced a further depreciation in value, reaching N865 per US dollar in…

1 year ago

Analysts predict naira depreciation to N455/$1 at I&E Window

The Central Bank of Nigeria (CBN) is likely to allow the naira exchange rate at the Investors and Exporters’ (I&E)…

2 years ago