Dollar and naira report

Naira vs Dollar: What To Expect This Week

Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

The naira weakened further on Thursday at the official foreign exchange market due to a drop in dollar sales by market players. The naira lost 10.45 percent of its value, with the

Emmanuel Ochayi

9 months ago

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Business·Latest News·Markets

Naira Depreciates To 1,530/$1 At Parallel Market As Shortage of Dollar Continues

The Nigerian currency, the naira, continues its downward spiral, hitting a new low of 1,530 against the dollar on the black market. This marks a significant drop compared to the previous rate

Emmanuel Ochayi

10 months ago

Business·Latest News·Markets

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

The Naira took a slight dip on Wednesday, closing at N1,421/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks a 1.27 percent drop from the previous day’s rate of N1,403/$,

Emmanuel Ochayi

10 months ago

Business·Latest News·Markets

Naira Strengthens To 1,275/$ At parallel market, Senate Calls For Efforts To Sustain Stability

The Nigerian currency, Naira, has shown signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. This represents a 9.8% increase compared to N1,400/$1 on

Emmanuel Ochayi

10 months ago

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Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

Naira Depreciates To 1,530/$1 At Parallel Market As Shortage of Dollar Continues

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

Naira Strengthens To 1,275/$ At parallel market, Senate Calls For Efforts To Sustain Stability

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