Nigeria’s foreign reserves have taken a significant hit, declining by almost $1.02 billion in 18 days as the Central Bank of Nigeria increases efforts to defend the naira. On March 18, 2024, the reserves stood at about $34.45 billion, but by April 3, it dipped to $33.50 billion. Reasons for initial boost in reserves Before […]
Naira In Trouble As Nigeria’s FX Reserves Decline For Second Time In 2 Weeks Read More »
Naira Becomes World’s Third Worst Performing Currency Amid Low Dollar Liquidity
Naira Becomes World’s Third Worst Performing Currency Amid Low Dollar Liquidity Read More »
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today (Sept 18th, 2024)
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today (Sept 18th, 2024) Read More »
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today (Sept 16th, 2024)
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 16th September 2024 Read More »
The naira depreciated against the dollar on Monday after gaining 26.24 percent last week at the parallel market. The local currency lost 8.24 of its value after trading as the dollar was quoted at an average of N768.33/$ as against N705/$ quoted on Friday at the black market. Traders said the naira depreciation was as
