Naira Falls to N1,750/$ on the Parallel Market
The Naira to Dollar rate fell to N1,750 on the parallel market popularly called the ‘black market’ on Wednesday as a
Emmanuel Eze
November 20, 2024
- January 3, 2026
The Naira to Dollar rate fell to N1,750 on the parallel market popularly called the ‘black market’ on Wednesday as a
The Central Bank of Nigeria (CBN) has raised an alarm over the increasing use of fraudulent SWIFT messages by individuals,
Yemi Cardoso, Governor of the Central Bank of Nigeria, has emphasised that the devaluation of the naira presents an opportunity
At the Access Bank Customer Forum held in Lagos on Thursday, Bismarck Rewane, Managing Director of Financial Derivatives Company, made
The Nigerian naira remained stuck at N1600/$ in the black market on Wednesday, despite improving fundamentals in the country’s foreign
On Monday, the Naira appreciated at the official market, trading at N1,607.15 to the dollar. Data from the FMDQ Exchange,
She warned that restricting naira transactions on cryptocurrency exchanges could drive Nigerians to US dollar-denominated assets, worsening the naira’s
In a concerning development for Nigeria’s economic landscape, the Naira has plummeted to a three-week low, concluding at N1,488.60 per
Nigeria’s naira crisis cannot be resolved by only monetary policies. Complementary fiscal reforms, reducing government expenditure, and growing the nation’s
“A (developing) nation’s exchange rate is indeed too important to leave completely in the hands of “market forces”. The
The value of the Nigerian Naira has been consistently falling against major international currencies in recent times, particularly the US
The naira, Nigeria’s currency, has been under severe pressure in recent months, and the Central Bank of Nigeria (CBN), the
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