naira

Black female hand holding (new) Nigerian currency banknotes, the Naira with a white background The naira may face new pressures in the near term as the strengthening US dollar, rising oil costs and persistent demand for foreign currency complicate the Central Bank of Nigeria’s efforts to maintain currency stability. Market expectations are tilted towards a cautious stance in terms of …

The naira recorded another decline at the official foreign exchange market on Wednesday, trading at ₦1,379.06 per dollar. Data from the Central Bank of Nigeria showed that the local currency lost ₦3.32 against the US dollar. The latest move represented a depreciation of 0.24% from Tuesday’s rate of ₦1,375.74 to the dollar. The naira had started the trading week with …

Nigeria’s currency, the naira, slumped further against the United States dollar at the official window on Friday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,362.21/$1, compared with N1,358.74/$1 on Wednesday. This represents a loss of N3.47 for the local currency against the dollar. On the black market, the naira lost N2 against …

Nigeria’s currency, the naira, slumped against the United States dollar at the official window on Thursday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,358.74/$1, compared with N1,357.26/$1 on Wednesday. This represents a loss of N1.48 in the local currency against the dollar. On the black market, the naira closed flat against the …

Nigeria’s currency, the naira, continued its recent recovery against the United States dollar at the official window on Wednesday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,357.26/$1, compared with N1,361.04/$1 on Tuesday. This represents a gain of N3.78 for the local currency against the dollar. READ ALSO: Naira fetches N5.75 against dollar …

Nigeria’s currency, the naira, continued its recovery against the United States dollar at the official window on Tuesday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,361.04/$1, compared with N1,366.79/$1 on Monday. This represents a gain of N5.75 in local currency against the dollar. On the black market, the price of the nair …

Nigeria’s currency, the naira, strengthened again against the US dollar at the official window on Monday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,366.79/$1, compared with N1,373.25/$1 on Wednesday. This represents a gain of N6.46 for the local currency against the American dollar. On the black market, Nigeria’s currency, the naira, closed …

Nigeria’s currency, the naira, strengthened against the United States dollar at the official window on Friday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,373.25/$1, compared with N1,375.40/$1 on Tuesday. This represents a gain of N2.15 for the local currency against the dollar. On the black market, the naira lost N5 against the …

Nigeria’s currency, the naira, recovered partially against the US dollar at the official window on Monday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,374.91/$1, compared with N1,375.45/$1 on Friday. This represents a gain of N0.54 for the local currency against the American dollar. Also read: FG Announces Two Eid Al-Fitr Holidays On …

Nigeria’s currency, the naira, extended its recovery against the United States dollar at the official window on Thursday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,372.30/$1, compared with N1,373.34/$1 on Wednesday. This represents a gain of N1.04 for the local currency against the dollar. On the black market, the naira closed flat …