naira

The naira exchanged for N756.21 to a dollar at the Investors and Exporters window on Wednesday. The naira lost 1.48 percent compared to the N745.19 it exchanged for the dollar on Tuesday. The open indicative rate closed at N766.82 to the dollar on Wednesday.READ ALSO: Naira drops further, now N965/$1 black market A spot exchange rate of N799.90 to the …

For the second consecutive day, the naira slumped against the US dollar at both the official and parallel markets. The exchange rate between the Nigerian currency and the American greenback fell to N850.22/$1 on Tuesday at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window. This represents a loss of N54.81 representing a 6.45% decline in the local currency compared …

The United States currency, the dollar, will crash against the naira soon, according to the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye. Adeboye made the projection on Sunday during RCCG’s thanksgiving service sermon titled; ‘Uncommon Miracles’. He didn’t give the exact period the naira will recover its lost value to the dollar, but said …

As Naira continues to depreciate against the US Dollar, the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has said that Nigeria will bounce back, stronger than dollar. The cleric made the declaration during Sunday sermon titled; ‘Uncommon Miracles’,. He spoke on the possibility of Naira bouncing back “and this time greater than the United …

It seems the efforts of the Federal Government and the Central Bank of Nigeria (CBN) to strengthen the naira might not yield the desired result after all if the latest report coming out from the Economist Intelligence Unit (EIU) is anything to go by. EIU, in its new country report for Nigeria, has predicted that Nigeria’s official exchange rate is …

The naira seems not to be responding to the antidote administered to it by the Federal Government as the Nigerian currency continued its slump on Thursday against the American Dollar at both the parallel and official windows. While the Nigerian currency traded at about N1150/$1 on Thursday as against the N1130-1140/$1 it traded on Wednesday at the Bureaux De Change …

The naira exchanged at N775.34 to a dollar at the Investors and Exporters window on Tuesday. The Nigerian currency lost by 0.42 percent compared to the N772.12 it traded for the dollar on Monday. The open indicative rate closed at N769.66 to the dollar on Tuesday. READ ALSO: There’s no provision for floating the naira, it’s illegal, Falana slams CBN …

Some sentiments driven by the federal government’s recent plans to shore up dollar liquidity in the foreign exchange (FX) market have seen the naira strengthened to N900/$1 on Monday, November 6, 2023. Data collated from several sources at the parallel market indicated that the greenback has slumped to N900/$1 compared to N950/$1 it traded on Friday. This sentiment is reportedly …

The naira appreciated against the dollar at the official market but steadied at N1,170 on the parallel market relieving the pressure on the foreign exchange (FX) market. The black market exchange rate remained the same on Wednesday after gaining 2.5 per cent (N30) over the US dollars on Monday. Meanwhile, multinational financial services firm, JPMorgan Chase & Co expects Naira …

The naira exchanged at N771.69 for a dollar at the Investors and Exporters window on Thursday. The Nigerian currency rebounded by 0.22 percent compared to the N773.42 it traded for the dollar on Wednesday. The open indicative rate closed at N777.82 to the dollar on Thursday. READ ALSO: Naira depreciates, closes N773/$ at I&E window A spot exchange rate of …