Naira Rises as Nigeria’s Foreign Reserve Dips Below $39bn
The exchange rate between the naira and the US dollar closed at N418.5/$1 at the official Investors and Exporters (I&E) ...
Tag: Foreign exchange
Naira Depreciates Further To N607/$1 in P2P Market
The exchange rate between the naira and the US dollar closed at N418.27/$1 at the official Investors and Exporters (I&E) ...
Dollar Gets Stronger As Black Market Records N600/$
The Dollar has pushed the Naira above N600/$ due to the US Fed’s hawkish stance and the bullish momentum of ...
Dollar Supply Falls Sharply at I&E Window as Nigeria’s External Reserve Depreciates Again
The exchange rate between the naira and the US dollar closed at N418.5/$1 at the Investors and Exporters (I&E) window, ...
Foreign Airlines Halt Ticket Sales To Nigerian-bound Travellers Over Dollar Scarcity
As dollar shortage in the Nigerian economy continues to hit the air travel industry harder, foreign airlines flying into the ...
World Bank Frowns at Nigeria’s Foreign Exchange Policies
The World Bank has stated that the Central Bank of Nigeria’s exchange rate management policies continue to discourage investment and ...
Naira Plummets To 580 Per Dollar
The naira exchanged to the dollar at N580 on Friday, while the Pound Sterling traded for N780 at the parallel ...
Foreign Reserves Plunge Deeper
The foreign exchange reserves in Nigeria have started declining again after rising to $33.59bn, the highest level in more than ...
External Reserves Surge by $76.5bn in One Week
In an unsuspected twist, the country's depleting foreign exchange reserves gained an average of $76.5 million in seven days. The ...
