Naira Hits N1,500 per Dollar in Black Market as FX Pressure Resurfaces
The naira eased to N1,500 per dollar in the black market on February 28, 2025, giving up some of the
Dotun Ajiboye
February 28, 2025
- May 9, 2026
The naira eased to N1,500 per dollar in the black market on February 28, 2025, giving up some of the
A few themes shaped Nigeria’s corporate results in 2024 as dramatically as the naira’s relentless depreciation. Since mid-2023, the Central
Nigeria’s foreign reserves have been on a downward trajectory for 33 consecutive days. According to data compiled by Bloomberg, the
Nigerians seeking foreign exchange for international transactions can now breathe a sigh of relief as FirstBank announces the resumption of
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reaffirmed the bank’s commitment to strengthening economic ties between Nigeria and
In recent months, the Nigerian naira has shown signs of appreciation, trading at approximately ₦1,502.50 per dollar in the official
In an economy grappling with currency volatility and rising debt, Nigeria’s aggressive defense of the naira has been both bold
The Nigerian naira is showing unusual strength in the unofficial market this year. In early Tuesday trading in Nigeria’s business
Investment firm Comercio Partners projects that the naira could depreciate to approximately ₦1,700 per dollar by mid-2025, highlighting enduring structural
The Nigerian Naira has made notable gains against the US Dollar in the parallel (black) market. On Thursday, the currency
The Central Bank of Nigeria has ramped up its efforts to stabilize the naira, but at what cost? Among its
In a significant policy shift, the Central Bank of Nigeria (CBN) has approved the inclusion of the CFA franc on
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