Tag: Dollar
Naira Appreciates Against the Dollar in the Parallel Market
The Nigerian naira recorded a significant increase against the United States dollar in the parallel market, marking a notable recovery from its previous downtrend. Bureau[more...]
Naira Falls Against Dollar: Central Bank’s FX Policies Lower Dollar Sales by Banks
The Central Bank of Nigeria (CBN) recently adjusted some foreign exchange (FX) policies in a bid to boost supply, but the Naira, Nigeria's currency, fell[more...]
Naira Hits Record Low against Dollar
The Nigerian naira saw its worst performance in history on December 8, 2023, closing at N1,009.05 per dollar at the Nigerian Autonomous Foreign Exchange Market[more...]
Naira Plunges to Record Low Against Dollar on Official Market
The naira weakened to an unprecedented level against the dollar on the official market, nearly reaching the exchange rate on the unofficial parallel market. Data[more...]
