Again, Dollar Crashes Against Naira, CBN Updates 9 ... - Legit.ng
WEB14 hours ago · The value of the naira has appreciated again against the United States dollar in the official foreign exchange market. According to data from FMDQ securities, the naira exchange rate against the dollar closed at N1,541.52/$. The latest exchange rate is N2.70 or 0.16% depreciation compared with Wednesday’s closing rate of N1,544.02/$1.
Dangote Says Time for Nigeria to End Fuel Subsidy, Boost Naira
WEB4 hours ago · September 23, 2024 at 1:33 PM EDT. Save. Nigerian billionaire Aliko Dangotesaid the “time is right” for the West African nation to end a decades-long subsidy on fuel, as gasoline production at ...
Naira appreciates to N1,541.52 at I&E window on positive economic news
WEB2 days ago · The exchange rate between the naira and the US dollar appreciated N1,541.52 at the official Investor and Exporter (I&E) window on Friday, September 20, 2024. This represents a 0.16% gain from the N1,544.02 recorded on September 19, 2024, with the naira trying to stabilize within the N1,500 range. …
Nairametrics - Business news, Economy, Investing, and Financial …
WEB1 day ago · Destination for Business news, financial literacy, economy, and analysis from Africa's largest economy and Nigeria news.
Nigeria allows naira to drop more than 36% on official market
WEBJun 14, 2023 · Nigeria's central bank allowed the naira currency to drop as much as 36% on the official market on Wednesday, days after President Bola Tinubu suspended the central bank governor who oversaw...
Naira Reverses Gains as Outlook Dims on Declining Dollar Inflows
WEBMay 10, 2024 · Nigeria’s naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates.
Nigeria’s currency has fallen to a record low ... - Associated Press News
WEBFeb 17, 2024 · The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by food and non-alcoholic beverages. Nigeria’s currency, the naira, further plummeted to 1,524 to $1 on Friday, reflecting a 230% loss of value in the last year.
End to Nigeria currency peg causes biggest fall in naira’s history
WEBJun 14, 2023 · Nigeria has abandoned its years-long currency peg and allowed the naira to trade freely, traders and local bankers said, prompting the biggest single-day fall in its history.
Nigeria's naira at record low despite improving FX liquidity
WEBABUJA, Feb 9 (Reuters) - Nigeria's naira dropped to a record intra-day low against the dollar on Friday, LSEG data showed, following a devaluation last week, its second adjustment in less than a...
Nigeria's naira crisis: Supreme Court suspends banknote deadline - BBC
WEBFeb 8, 2023 · Nigeria's Supreme Court has temporarily suspended Friday's deadline to stop using old banknotes, which had caused a cash crisis in the country. Banks have not been releasing enough of the new...
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