Black market exchange rate closes flat at N735/$1 on 6th December 2022
The exchange rate between the naira and the US dollar closed at an average of N735/$1 on Tuesday, 6th December ...
Tag: Foreign exchange
Forex crisis: Traders lose as naira rebounds to 720/dollar
The naira has rebounded by 20.8% to 720/dollar at the parallel market. The development, according to The Punch, came two ...
Black market exchange rate moderates to N800/$1 on 9th November 2022
The exchange rate between the naira and the US dollar moderated at the black market to N800/$1 on Wednesday, 9th ...
‘Import pass-through costs may worsen Nigeria’s inflation outlook’
FBNQuest has expressed concerns about Nigeria’s inflationary trend, noting that the present currency depreciation may further aggravate the country’s inflation ...
Naira Appreciates Against Dollar at Black Market
The Naira appreciated against the United States Dollar at the black market for the first time in a while by ...
Naira Depreciation will Worsen Nigeria’s Food, Energy Crisis — World Bank
The shrinking value of the Nigerian naira and currencies of most developing economies are driving up food and fuel prices ...
Currency traders fear exchange rate may be heading to N1,000/$1 by year end
The exchange rate between the naira and dollar on the black market is expected to hit N1000/$1 by the end ...
Pound Sees Brief Rally After Liz Truss Announces Resignation
The pound rose against the dollar on the news of Prime Minster Liz Truss’s resignation, but then quickly shed some ...
Naira may devalue by 20% in 2023- BoA
Nigeria’s local currency unit is set to weaken further next year as its current exchange rate to the dollar is ...
Experts want policy reform on FX, others to attract foreign investors to Nigeria
Experts have called for a policy reform in Nigeria in order for the country to attract foreign investor participation. This ...
