For the first time in several years, Nigeria’s naira has not only stabilized but actually appreciated across both official and
The Nigerian Naira achieved its most consistent performance in recent years through targeted Central Bank of Nigeria (CBN) interventions, appreciating
The naira came under renewed pressure in the official foreign exchange market, driven by heightened demand for foreign currency, particularly
Nigeria’s inflation slowed for the fifth straight month, dropping to 20.12% in August from 21.88% in July, according to the
The naira extended its gains on Tuesday, with the dollar quoted at ₦1,484.13 in the official foreign exchange (FX) market.
The naira broke the key N1500 per dollar psychological barrier on Monday, closing at N1,495 per US dollar at the
The naira broke above the N1,500/$ support level, momentarily hitting N1,497/$ at the official exchange market. This reflects the naira’s
The Nigerian naira reached a six-month peak on Monday, trading at N1,506.84 per US dollar on the official foreign exchange
Nigeria’s naira reached a five-month peak at ₦1,514.86 per dollar last week, marking its strongest performance since March when it
The Nigerian naira hit N1,526.09 per dollar in the official foreign exchange market on Monday. This represents a 0.4% gain
The Nigerian naira has maintained an unusual calm in the foreign exchange market, holding between ₦1,534 and ₦1,536 per dollar
Nigeria’s newly approved N70,000 minimum wage has been severely undermined by the sharp devaluation of the Naira, according to the
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