Naira Drops to N1550/$ in Black Market
The Nigerian naira has experienced a significant depreciation in the black market, reaching a rate of N1,550 per U.S. dollar
Jeremiah Ayegbusi
March 8, 2025
- January 3, 2026
The Nigerian naira has experienced a significant depreciation in the black market, reaching a rate of N1,550 per U.S. dollar
Nigeria’s naira has staged an impressive recovery in recent weeks, rebounding from a historic low of N1,900 per US dollar
Bureau De Change (BDC) operators in Nigeria are finding it increasingly difficult to buy foreign exchange from commercial banks, as
Oil prices bounced back in early trading on Monday, buoyed by positive manufacturing data from China that raised hopes about
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
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