A devaluation is the downward adjustment of the value of a country’s money relative to another official exchange rate. It reduces the cost of a […]
Tag: Naira
Naira Depreciates to N1,600 per Dollar in Parallel Market as Trading Volume Surges
The Naira experienced a depreciation in the parallel market on Tuesday, falling to N1,600 per dollar from N1,590 per dollar over the weekend. This decline […]
Naira Strengthens by 9.68% at Official Window
On Monday, the naira appreciated to 1,339.33/$, gaining 9.68% over Friday’s rate of 1,482.81/$. FMDQ data revealed a significant decline in daily turnover, dropping to […]
Naira Appreciates Against Dollar at Official Market
On Wednesday, the Nigerian Naira experienced an appreciation at the official market, trading at N1,459.02 to the dollar. This marks a significant gain of N61.38, […]
Naira Depreciates at Official Market, Records Increased Daily Turnover
The Nigerian Naira experienced a depreciation in value at the official market on Tuesday, trading at N1,416.57 to the dollar. Data from the FMDQ Exchange, […]
Naira Depreciates to N1,365 per Dollar in Parallel Market
The Naira faced a depreciation, reaching N1,365 per dollar in the parallel market from N1,320 per dollar previously. Simultaneously, in the Nigerian Foreign Exchange Market […]
Cubana Chief Priest Advises Nigerians to Avoid EFCC Troubles Over Naira Abuse
Socialite Cubana Chief Priest, also known as Pascal Okechukwu, has cautioned Nigerians against getting into trouble with the Economic and Financial Crimes Commission (EFCC) over […]
Naira Ends April on Strong Note, Gains N28.15 Against Dollar
The Nigerian naira closed out the month of April on a positive note, gaining N28.15 at the official market to trade at N1,390.96 against the […]
Naira Gains Ground Against Dollar, Appreciates to N1,275/$1
The Nigerian naira has shown signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. This new rate […]
VP Shettima Assures Naira Stability: Promises Continued Government Support
Vice President Kashim Shettima has provided assurance that the Naira will maintain its stability in the upcoming weeks and months. He made this statement during […]