The Central Bank of Nigeria (CBN) has announced the injection of an additional $500 million to address the foreign exchange backlog. Hakama Sidi Ali, Acting Director...
In a stark turn of events, the Nigerian naira witnessed a significant devaluation on Saturday morning, plummeting to N1,425 per dollar in the parallel market. This...
The Nigerian naira on Thursday experienced a decline in value, falling to N1,405 per dollar in the parallel market, compared to the previous rate of N1,375...
The Naira experienced a decline yesterday, dropping to N1,350 per dollar in the parallel market compared to Tuesday’s rate of N1,295 per dollar. Additionally, in the...
The Nigerian Naira experienced a further depreciation against the United States Dollar in the parallel market on Thursday. Reports indicate that on January 4, the Naira...
The devaluation of the naira persisted at the commencement of business activities on Monday, plunging to N1,210 against the dollar in the parallel market compared to...
On Thursday, November 9, 2023, Nigeria’s currency, the Naira, experienced a further depreciation against the US Dollar in the parallel market. In the parallel market, the...
The Nigerian Naira continued its upward trajectory against the US Dollar on Friday, reaching an average exchange rate of N950 to $1 in the parallel market....